Pegasystems (NASDAQ:PEGA) Upgraded to Strong-Buy at KeyCorp

KeyCorp upgraded shares of Pegasystems (NASDAQ:PEGA) to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports. KeyCorp also issued estimates for Pegasystems’ Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.21 EPS and Q3 2025 earnings at $0.11 EPS.

PEGA has been the topic of several other research reports. Royal Bank of Canada boosted their target price on shares of Pegasystems from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Wedbush lifted their price target on shares of Pegasystems from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, October 25th. StockNews.com raised shares of Pegasystems from a “hold” rating to a “buy” rating in a report on Thursday, November 21st. Barclays raised their price objective on Pegasystems from $74.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Rosenblatt Securities boosted their target price on Pegasystems from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Pegasystems has a consensus rating of “Moderate Buy” and a consensus target price of $93.91.

Pegasystems Stock Up 6.6 %

NASDAQ:PEGA opened at $100.00 on Monday. The business’s 50-day simple moving average is $93.01 and its two-hundred day simple moving average is $77.12. Pegasystems has a 52 week low of $45.36 and a 52 week high of $100.23. The stock has a market cap of $8.58 billion, a PE ratio of 72.99 and a beta of 1.09.

Pegasystems (NASDAQ:PEGA) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. Pegasystems had a return on equity of 37.83% and a net margin of 8.29%. The company had revenue of $325.10 million for the quarter, compared to the consensus estimate of $326.16 million. During the same quarter last year, the company earned $0.14 EPS. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. Sell-side analysts anticipate that Pegasystems will post 1.61 earnings per share for the current fiscal year.

Pegasystems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.12 annualized dividend and a yield of 0.12%. Pegasystems’s payout ratio is currently 8.76%.

Insider Activity

In related news, CAO Efstathios A. Kouninis sold 528 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $83.00, for a total transaction of $43,824.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Leon Trefler sold 8,288 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $81.23, for a total transaction of $673,234.24. Following the completion of the sale, the insider now directly owns 37,636 shares in the company, valued at $3,057,172.28. This trade represents a 18.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,914 shares of company stock valued at $2,414,935 in the last ninety days. Insiders own 50.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. True Wealth Design LLC purchased a new position in Pegasystems during the 3rd quarter valued at $27,000. Venturi Wealth Management LLC increased its stake in Pegasystems by 49.1% in the third quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company’s stock worth $48,000 after purchasing an additional 216 shares during the period. Financial Management Professionals Inc. bought a new stake in shares of Pegasystems during the third quarter worth $57,000. Capital Performance Advisors LLP purchased a new stake in shares of Pegasystems during the third quarter valued at $67,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Pegasystems in the second quarter worth about $104,000. Institutional investors own 46.89% of the company’s stock.

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.