KeyCorp Upgrades Pegasystems (NASDAQ:PEGA) to Strong-Buy

Pegasystems (NASDAQ:PEGA) was upgraded by equities researchers at KeyCorp to a “strong-buy” rating in a report issued 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.

Several other analysts have also issued reports on PEGA. StockNews.com upgraded shares of Pegasystems from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. Citigroup upped their price objective on shares of Pegasystems from $99.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Rosenblatt Securities increased their price objective on Pegasystems from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada boosted their price target on shares of Pegasystems from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Wedbush increased their target price on Pegasystems from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.91.

Pegasystems Price Performance

NASDAQ:PEGA opened at $93.77 on Monday. The company’s fifty day moving average price is $93.01 and its 200-day moving average price is $77.12. The firm has a market capitalization of $8.04 billion, a P/E ratio of 68.45 and a beta of 1.09. Pegasystems has a 1-year low of $45.36 and a 1-year high of $97.94.

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

Insider Transactions at Pegasystems

In other Pegasystems news, insider Rifat Kerim Akgonul sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $80.07, for a total value of $80,070.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kenneth Stillwell sold 5,792 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $79.15, for a total value of $458,436.80. Following the sale, the chief financial officer now owns 17,400 shares of the company’s stock, valued at $1,377,210. This represents a 24.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,914 shares of company stock worth $2,414,935. 50.10% of the stock is currently owned by company insiders.

Institutional Trading of Pegasystems

A number of hedge funds and other institutional investors have recently made changes to their positions in PEGA. True Wealth Design LLC acquired a new position in Pegasystems in the third quarter worth $27,000. Venturi Wealth Management LLC increased its holdings 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 purchasing an additional 216 shares during the period. Financial Management Professionals Inc. bought a new stake in shares of Pegasystems during the 3rd quarter worth about $57,000. Capital Performance Advisors LLP acquired a new stake in Pegasystems in the third quarter worth approximately $67,000. Finally, Point72 Hong Kong Ltd bought a new position in Pegasystems during the second quarter valued at about $104,000. 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.