Wedbush Issues Positive Outlook for Pegasystems Earnings

Pegasystems Inc. (NASDAQ:PEGA - Free Report) - Research analysts at Wedbush lifted their Q4 2026 earnings estimates for shares of Pegasystems in a research report issued to clients and investors on Tuesday, June 24th. Wedbush analyst D. Ives now expects that the technology company will earn $0.49 per share for the quarter, up from their previous forecast of $0.49. Wedbush currently has a "Outperform" rating and a $62.50 target price on the stock. The consensus estimate for Pegasystems' current full-year earnings is $1.89 per share.

Other research analysts have also issued research reports about the company. DA Davidson increased their price objective on Pegasystems from $47.50 to $50.00 and gave the company a "neutral" rating in a report on Friday, June 20th. Royal Bank Of Canada reissued an "outperform" rating and issued a $60.00 price target on shares of Pegasystems in a research report on Tuesday, June 3rd. Barclays boosted their price objective on shares of Pegasystems from $48.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 4th. Citigroup reiterated a "buy" rating and issued a $66.00 target price on shares of Pegasystems in a research note on Wednesday. Finally, KeyCorp dropped their target price on shares of Pegasystems from $59.00 to $47.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Pegasystems has an average rating of "Moderate Buy" and an average target price of $53.36.

Pegasystems Trading Up 3.2%

PEGA stock opened at $52.20 on Friday. Pegasystems has a 1 year low of $28.31 and a 1 year high of $56.84. The company has a fifty day simple moving average of $47.86 and a 200 day simple moving average of $44.84. The firm has a market cap of $8.93 billion, a PE ratio of 50.68 and a beta of 1.11.

Hedge Funds Weigh In On Pegasystems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PEGA. Principal Securities Inc. increased its holdings in shares of Pegasystems by 150.5% during the fourth quarter. Principal Securities Inc. now owns 278 shares of the technology company's stock worth $26,000 after buying an additional 167 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Pegasystems by 9.7% during the fourth quarter. Principal Financial Group Inc. now owns 3,993 shares of the technology company's stock worth $372,000 after purchasing an additional 354 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Pegasystems by 4.9% in the fourth quarter. Sanctuary Advisors LLC now owns 4,667 shares of the technology company's stock valued at $435,000 after buying an additional 219 shares during the last quarter. Global Retirement Partners LLC lifted its position in Pegasystems by 48.0% during the 4th quarter. Global Retirement Partners LLC now owns 789 shares of the technology company's stock worth $74,000 after buying an additional 256 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in Pegasystems by 41.7% during the 4th quarter. Private Advisor Group LLC now owns 6,020 shares of the technology company's stock worth $561,000 after acquiring an additional 1,773 shares during the last quarter. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Pegasystems news, insider John Gerard Higgins sold 23,660 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $51.12, for a total transaction of $1,209,380.90. Following the completion of the transaction, the insider now directly owns 38,026 shares in the company, valued at $1,943,698.99. This represents a 38.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Rifat Kerim Akgonul sold 8,000 shares of Pegasystems stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $44.33, for a total value of $354,640.00. Following the transaction, the insider now directly owns 105,280 shares of the company's stock, valued at approximately $4,667,062.40. The trade was a 7.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 306,530 shares of company stock worth $15,550,231 over the last 90 days. Corporate insiders own 49.70% of the company's stock.

Pegasystems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a $0.03 dividend. This is a boost from Pegasystems's previous quarterly dividend of $0.02. This represents a $0.12 annualized dividend and a yield of 0.23%. The ex-dividend date is Tuesday, July 1st. Pegasystems's dividend payout ratio (DPR) is 5.83%.

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.

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