First Citizens Bank & Trust Co. Takes $936,000 Position in Pegasystems Inc. $PEGA

First Citizens Bank & Trust Co. acquired a new position in shares of Pegasystems Inc. (NASDAQ:PEGA) during the first quarter, Holdings Channel.com reports. The fund acquired 21,993 shares of the technology company’s stock, valued at approximately $936,000.

A number of other institutional investors have also added to or reduced their stakes in PEGA. NewEdge Advisors LLC boosted its stake in Pegasystems by 141,900.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,260 shares of the technology company’s stock worth $296,000 after purchasing an additional 4,257 shares during the period. Jones Financial Companies Lllp increased its position in shares of Pegasystems by 450.4% during the first quarter. Jones Financial Companies Lllp now owns 1,844 shares of the technology company’s stock valued at $128,000 after buying an additional 1,509 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Pegasystems by 5.6% in the first quarter. Goldman Sachs Group Inc. now owns 248,168 shares of the technology company’s stock worth $17,253,000 after buying an additional 13,075 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Pegasystems by 18.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 155,783 shares of the technology company’s stock worth $10,830,000 after buying an additional 23,713 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of Pegasystems by 55.0% in the first quarter. Focus Partners Wealth now owns 5,476 shares of the technology company’s stock worth $381,000 after buying an additional 1,943 shares in the last quarter. Hedge funds and other institutional investors own 46.89% of the company’s stock.

Trending Headlines about Pegasystems

Here are the key news stories impacting Pegasystems this week:

• Positive Sentiment: Pegasystems highlighted cloud growth and recurring revenue strength, and management outlined a long-term free cash flow target of more than $700 million by 2028. Pegasystems outlines $700M+ 2028 free cash flow target while highlighting no per token costs for ai agents
• Positive Sentiment: Several analysts kept bullish ratings, saying the selloff may create an attractive entry point despite near-term AI disruption and reset expectations. Analyst Maintains Buy on Pegasystems, Viewing Near-Term Weakness as Temporary and Market Selloff as an Attractive Entry Point
• Positive Sentiment: Rosenblatt cut its price target but still reiterated a Buy rating, implying meaningful upside from current levels. Pegasystems PT Lowered to $47 at Rosenblatt
• Neutral Sentiment: Management said the new Pega Infinity 26 launch and AI agent messaging could support longer-term positioning, but investors are still waiting to see whether it translates into stronger demand. Pegasystems (PEGA) Stock Could Be Undervalued As Pega Infinity 26 Launches
• Negative Sentiment: The Q2 miss triggered a broad downgrade wave, with analysts trimming forecasts and price targets after the weaker-than-expected report. Pegasystems Analysts Cut Their Forecasts After Downbeat Q2 Earnings
• Negative Sentiment: The stock also came under pressure because customers appear to be delaying software purchases while reassessing spending in the AI era, which could weigh on near-term growth. Pegasystems Just Did an IBM, Only Its AI Warning May Be Even Worse

Insider Buying and Selling at Pegasystems

In related news, CAO Efstathios A. Kouninis sold 750 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $36.99, for a total value of $27,742.50. Following the completion of the transaction, the chief accounting officer directly owned 2,144 shares in the company, valued at approximately $79,306.56. The trade was a 25.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rifat Kerim Akgonul sold 4,545 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $33.35, for a total value of $151,575.75. Following the completion of the transaction, the insider directly owned 107,070 shares in the company, valued at approximately $3,570,784.50. This represents a 4.07% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 6,795 shares of company stock worth $229,613. Corporate insiders own 48.40% of the company’s stock.

Pegasystems Trading Up 0.1%

Shares of NASDAQ PEGA opened at $26.01 on Friday. Pegasystems Inc. has a 12 month low of $25.10 and a 12 month high of $68.10. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 14.69 and a beta of 0.87. The business has a 50-day moving average of $32.27 and a 200-day moving average of $39.79.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Tuesday, July 21st. The technology company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). The company had revenue of $420.72 million during the quarter, compared to the consensus estimate of $427.38 million. Pegasystems had a return on equity of 32.21% and a net margin of 18.66%.The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share. On average, analysts predict that Pegasystems Inc. will post 1.93 earnings per share for the current year.

Pegasystems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. Pegasystems’s dividend payout ratio is presently 6.45%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Rosenblatt Securities reduced their price objective on shares of Pegasystems from $58.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday. Loop Capital cut shares of Pegasystems from a “buy” rating to a “hold” rating and lowered their target price for the stock from $55.00 to $25.00 in a research note on Thursday. Royal Bank Of Canada set a $35.00 price target on shares of Pegasystems and gave the company an “outperform” rating in a report on Thursday. William Blair lowered shares of Pegasystems from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Finally, Citigroup cut shares of Pegasystems from a “market outperform” rating to a “market perform” rating in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $52.40.

Pegasystems Company Profile

Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems’ offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.