Pegasystems (NASDAQ:PEGA) Given New $70.00 Price Target at Wedbush

Pegasystems (NASDAQ:PEGA - Free Report) had its target price boosted by Wedbush from $68.00 to $70.00 in a report published on Thursday,Benzinga reports. The firm currently has an outperform rating on the technology company's stock. Wedbush also issued estimates for Pegasystems' Q4 2025 earnings at $0.54 EPS, Q2 2026 earnings at $0.23 EPS and Q4 2026 earnings at $0.54 EPS.

PEGA has been the subject of a number of other research reports. DA Davidson raised Pegasystems to a "hold" rating in a report on Tuesday, July 22nd. Citigroup reaffirmed a "buy" rating and set a $66.00 price target on shares of Pegasystems in a research note on Wednesday, June 25th. Loop Capital upped their price target on shares of Pegasystems from $52.50 to $60.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $60.00 price target on shares of Pegasystems in a research note on Tuesday, June 3rd. Finally, Wall Street Zen raised shares of Pegasystems from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.80.

Pegasystems Trading Up 1.9%

PEGA stock traded up $1.12 on Thursday, hitting $59.95. The company's stock had a trading volume of 1,952,518 shares, compared to its average volume of 2,038,448. The firm has a 50 day moving average of $51.29 and a two-hundred day moving average of $45.65. Pegasystems has a 1 year low of $29.84 and a 1 year high of $60.26. The stock has a market cap of $10.26 billion, a price-to-earnings ratio of 51.46 and a beta of 1.13.

Pegasystems (NASDAQ:PEGA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.04. The company had revenue of $384.51 million during the quarter, compared to the consensus estimate of $345.07 million. Pegasystems had a net margin of 13.14% and a return on equity of 42.42%. Pegasystems's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. As a group, equities analysts forecast that Pegasystems will post 1.89 EPS for the current fiscal year.

Pegasystems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were paid a dividend of $0.03 per share. This is a boost from Pegasystems's previous quarterly dividend of $0.02. This represents a $0.12 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend was Tuesday, July 1st. Pegasystems's dividend payout ratio (DPR) is currently 10.34%.

Insider Activity at Pegasystems

In other Pegasystems news, CAO Efstathios A. Kouninis sold 1,000 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $49.63, for a total transaction of $49,625.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Alan Trefler sold 45,000 shares of the firm's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $53.34, for a total transaction of $2,400,300.00. Following the sale, the chairman directly owned 33,051,692 shares in the company, valued at $1,762,977,251.28. This represents a 0.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 241,588 shares of company stock worth $13,769,343 over the last three months. Company insiders own 50.10% of the company's stock.

Institutional Investors Weigh In On Pegasystems

Several hedge funds have recently modified their holdings of PEGA. Proficio Capital Partners LLC purchased a new stake in shares of Pegasystems during the fourth quarter valued at approximately $61,000. Commonwealth Equity Services LLC purchased a new stake in shares of Pegasystems during the fourth quarter valued at approximately $220,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Pegasystems during the fourth quarter valued at approximately $1,165,000. LPL Financial LLC raised its stake in shares of Pegasystems by 136.4% during the fourth quarter. LPL Financial LLC now owns 10,995 shares of the technology company's stock valued at $1,025,000 after purchasing an additional 6,344 shares during the period. Finally, Norges Bank purchased a new stake in shares of Pegasystems during the fourth quarter valued at approximately $44,343,000. 46.89% of the stock is owned by institutional investors and hedge funds.

About Pegasystems

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients' processes and workflows.