Pegasystems (NASDAQ:PEGA) Stock Rating Upgraded by KeyCorp

Pegasystems (NASDAQ:PEGA - Get Free Report) was upgraded by equities researchers at KeyCorp 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. Barclays upped their price objective on shares of Pegasystems from $74.00 to $82.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Wedbush upped their price target on shares of Pegasystems from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Rosenblatt Securities increased their price objective on Pegasystems from $90.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, October 25th. StockNews.com upgraded Pegasystems from a "hold" rating to a "buy" rating in a research note on Thursday, November 21st. Finally, Royal Bank of Canada raised their price target on Pegasystems from $90.00 to $115.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $93.91.

Pegasystems Stock Performance

Shares of NASDAQ:PEGA traded up $5.79 during mid-day trading on Monday, hitting $99.56. The stock had a trading volume of 958,880 shares, compared to its average volume of 740,405. Pegasystems has a 12-month low of $45.36 and a 12-month high of $100.23. The company has a market cap of $8.54 billion, a PE ratio of 72.67 and a beta of 1.09. The company's 50 day moving average is $93.01 and its 200-day moving average is $77.12.

Pegasystems (NASDAQ:PEGA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.04. The firm had revenue of $325.10 million during the quarter, compared to analyst estimates of $326.16 million. Pegasystems had a return on equity of 37.83% and a net margin of 8.29%. The business's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.14 EPS. On average, equities research analysts predict that Pegasystems will post 1.61 EPS for the current fiscal year.

Insider Buying and Selling at Pegasystems

In related news, insider Rifat Kerim Akgonul sold 1,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $80.07, for a total transaction of $80,070.00. Following the completion of the sale, the insider now owns 47,119 shares in the company, valued at $3,772,818.33. This represents a 2.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kenneth Stillwell sold 5,792 shares of Pegasystems stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $79.15, for a total value of $458,436.80. Following the completion of the transaction, the chief financial officer now directly owns 17,400 shares in the company, valued at approximately $1,377,210. This represents a 24.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,914 shares of company stock worth $2,414,935 over the last 90 days. Insiders own 50.10% of the company's stock.

Institutional Investors Weigh In On Pegasystems

Several hedge funds and other institutional investors have recently modified their holdings of the stock. True Wealth Design LLC acquired a new position in Pegasystems during the 3rd quarter valued at $27,000. Venturi Wealth Management LLC raised its position in shares of Pegasystems by 49.1% during the third quarter. Venturi Wealth Management LLC now owns 656 shares of the technology company's stock valued at $48,000 after buying an additional 216 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Pegasystems in the third quarter valued at about $57,000. Capital Performance Advisors LLP bought a new stake in shares of Pegasystems in the third quarter valued at about $67,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Pegasystems during the second quarter worth about $104,000. Institutional investors and hedge funds 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.