FY2025 EPS Estimates for Pegasystems Lifted by DA Davidson

Pegasystems Inc. (NASDAQ:PEGA - Free Report) - Equities researchers at DA Davidson raised their FY2025 earnings estimates for shares of Pegasystems in a research report issued to clients and investors on Thursday, April 24th. DA Davidson analyst G. Luria now anticipates that the technology company will earn $2.22 per share for the year, up from their previous forecast of $2.07. DA Davidson has a "Neutral" rating and a $90.00 price target on the stock. The consensus estimate for Pegasystems' current full-year earnings is $1.89 per share.

PEGA has been the subject of several other reports. Barclays reiterated a "positive" rating on shares of Pegasystems in a research note on Thursday. Wedbush reaffirmed an "outperform" rating and set a $125.00 price objective on shares of Pegasystems in a report on Thursday. Loop Capital reaffirmed a "buy" rating and set a $105.00 price target (up from $85.00) on shares of Pegasystems in a report on Thursday. JMP Securities reissued a "market outperform" rating and set a $110.00 price target on shares of Pegasystems in a research note on Thursday, February 13th. Finally, KeyCorp dropped their price objective on shares of Pegasystems from $118.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.27.

Pegasystems Price Performance

Shares of PEGA stock opened at $91.69 on Monday. Pegasystems has a one year low of $55.71 and a one year high of $113.67. The stock has a market cap of $7.80 billion, a P/E ratio of 90.78 and a beta of 1.22. The stock has a fifty day moving average price of $73.26 and a 200 day moving average price of $85.77.

Pegasystems (NASDAQ:PEGA - Get Free Report) last released its earnings results on Wednesday, February 12th. The technology company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.20). Pegasystems had a net margin of 6.63% and a return on equity of 32.09%.

Pegasystems Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.07%. The ex-dividend date of this dividend was Tuesday, April 1st. Pegasystems's dividend payout ratio is currently 5.83%.

Insider Activity

In other Pegasystems news, insider Leon Trefler sold 2,049 shares of Pegasystems stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $75.65, for a total value of $155,006.85. Following the transaction, the insider now owns 52,019 shares of the company's stock, valued at approximately $3,935,237.35. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Efstathios A. Kouninis sold 658 shares of the stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $89.90, for a total transaction of $59,154.20. Following the sale, the chief accounting officer now directly owns 1,000 shares of the company's stock, valued at $89,900. This represents a 39.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 116,949 shares of company stock worth $8,703,263 in the last 90 days. Corporate insiders own 50.10% of the company's stock.

Institutional Trading of Pegasystems

A number of institutional investors have recently modified their holdings of PEGA. Franklin Resources Inc. raised its position in Pegasystems by 54.0% in the 3rd quarter. Franklin Resources Inc. now owns 141,031 shares of the technology company's stock valued at $10,362,000 after buying an additional 49,433 shares during the last quarter. Nordea Investment Management AB raised its holdings in Pegasystems by 9.9% during the fourth quarter. Nordea Investment Management AB now owns 88,554 shares of the technology company's stock worth $8,353,000 after acquiring an additional 7,947 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Pegasystems by 1.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,401 shares of the technology company's stock valued at $783,000 after buying an additional 141 shares during the last quarter. Merit Financial Group LLC acquired a new position in shares of Pegasystems during the 4th quarter worth about $204,000. Finally, Ellsworth Advisors LLC raised its stake in Pegasystems by 5.9% in the fourth quarter. Ellsworth Advisors LLC now owns 8,284 shares of the technology company's stock valued at $772,000 after buying an additional 465 shares during the period. 46.89% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.