Pegasystems (NASDAQ:PEGA) Raised to "Hold" at DA Davidson

DA Davidson upgraded shares of Pegasystems (NASDAQ:PEGA - Free Report) to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports. DA Davidson also issued estimates for Pegasystems' Q2 2025 earnings at $0.10 EPS, FY2025 earnings at $2.68 EPS and FY2026 earnings at $2.39 EPS.

PEGA has been the topic of several other reports. Citigroup increased their price objective on shares of Pegasystems from $116.00 to $131.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Royal Bank of Canada reissued an "outperform" rating and set a $120.00 price objective on shares of Pegasystems in a research report on Tuesday, June 3rd. Wedbush reissued an "outperform" rating and set a $125.00 price objective on shares of Pegasystems in a research report on Tuesday, June 3rd. Barclays increased their price objective on shares of Pegasystems from $96.00 to $100.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. Finally, KeyCorp cut their price objective on shares of Pegasystems from $118.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $106.18.

Pegasystems Stock Down 2.3%

Shares of NASDAQ:PEGA traded down $2.37 during midday trading on Monday, reaching $98.84. The company's stock had a trading volume of 663,222 shares, compared to its average volume of 768,063. The firm has a 50 day moving average of $89.79 and a 200-day moving average of $89.32. The firm has a market capitalization of $8.46 billion, a P/E ratio of 97.86 and a beta of 1.12. Pegasystems has a 12-month low of $55.90 and a 12-month high of $113.67.

Pegasystems Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a yield of 0.06%. The ex-dividend date was Tuesday, April 1st. Pegasystems's dividend payout ratio is currently 5.83%.

Insider Buying and Selling at Pegasystems

In other Pegasystems news, CFO Kenneth Stillwell sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $69.75, for a total transaction of $139,500.00. Following the sale, the chief financial officer now owns 21,245 shares in the company, valued at approximately $1,481,838.75. This trade represents a 8.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Efstathios A. Kouninis sold 598 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $103.00, for a total transaction of $61,594.00. Following the sale, the chief accounting officer now owns 166 shares in the company, valued at approximately $17,098. The trade was a 78.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,015 shares of company stock worth $9,191,326. Company insiders own 49.70% of the company's stock.

Institutional Investors Weigh In On Pegasystems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Securities Inc. raised its stake in Pegasystems by 150.5% during the 4th quarter. Principal Securities Inc. now owns 278 shares of the technology company's stock worth $26,000 after acquiring an additional 167 shares during the period. EverSource Wealth Advisors LLC raised its stake in Pegasystems by 85.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 323 shares of the technology company's stock worth $30,000 after acquiring an additional 149 shares during the period. CX Institutional bought a new stake in Pegasystems during the 1st quarter worth approximately $36,000. SBI Securities Co. Ltd. raised its stake in Pegasystems by 139.7% during the 1st quarter. SBI Securities Co. Ltd. now owns 549 shares of the technology company's stock worth $38,000 after acquiring an additional 320 shares during the period. Finally, GAMMA Investing LLC raised its stake in Pegasystems by 50.5% during the 1st quarter. GAMMA Investing LLC now owns 599 shares of the technology company's stock worth $42,000 after acquiring an additional 201 shares during the period. Institutional investors own 46.89% of the company's stock.

Pegasystems Company Profile

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.