KeyCorp Weighs in on Pegasystems’ Q4 Earnings (NASDAQ:PEGA)

Pegasystems Inc. (NASDAQ:PEGA) – Investment analysts at KeyCorp dropped their Q4 2027 earnings per share estimates for Pegasystems in a report issued on Wednesday, July 22nd. KeyCorp analyst D. Au now anticipates that the technology company will post earnings of $0.99 per share for the quarter, down from their prior estimate of $1.16. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for Pegasystems’ current full-year earnings is $1.79 per share.

Pegasystems (NASDAQ:PEGA) last released its earnings results on Tuesday, July 21st. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). The company had revenue of $420.72 million for 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 business’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 EPS.

Several other equities research analysts also recently commented on PEGA. Citigroup downgraded Pegasystems from a “market outperform” rating to a “market perform” rating in a report on Wednesday, July 22nd. Royal Bank Of Canada set a $35.00 price target on shares of Pegasystems and gave the stock an “outperform” rating in a research report on Thursday. Zacks Research cut shares of Pegasystems from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Weiss Ratings downgraded shares of Pegasystems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Finally, Loop Capital lowered shares of Pegasystems from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $55.00 to $25.00 in a research note on Thursday. 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.com, the company presently has a consensus rating of “Hold” and a consensus price target of $50.10.

Pegasystems Stock Up 6.6%

NASDAQ:PEGA opened at $28.60 on Monday. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 16.16 and a beta of 0.87. Pegasystems has a twelve month low of $25.10 and a twelve month high of $68.10. The stock’s 50 day moving average price is $32.02 and its two-hundred day moving average price is $39.34.

Pegasystems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, July 1st. Pegasystems’s payout ratio is currently 6.78%.

Insider Buying and Selling

In related news, CAO Efstathios A. Kouninis sold 750 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $34.75, for a total transaction of $26,062.50. Following the transaction, the chief accounting officer directly owned 2,894 shares of the company’s stock, valued at approximately $100,566.50. The trade was a 20.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 sale, the insider owned 107,070 shares in the company, valued at approximately $3,570,784.50. This trade represents a 4.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,795 shares of company stock worth $229,613 over the last three months. 48.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Pegasystems

Several large investors have recently modified their holdings of PEGA. NewEdge Advisors LLC boosted its holdings in shares of Pegasystems by 1.4% during the 3rd quarter. NewEdge Advisors LLC now owns 13,652 shares of the technology company’s stock worth $785,000 after buying an additional 189 shares during the period. Amundi raised its holdings in Pegasystems by 0.6% in the 4th quarter. Amundi now owns 39,881 shares of the technology company’s stock valued at $2,382,000 after acquiring an additional 249 shares during the period. PNC Financial Services Group Inc. raised its holdings in Pegasystems by 3.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,378 shares of the technology company’s stock valued at $500,000 after acquiring an additional 272 shares during the period. State of Michigan Retirement System lifted its position in Pegasystems by 1.4% during the first quarter. State of Michigan Retirement System now owns 22,000 shares of the technology company’s stock worth $936,000 after acquiring an additional 300 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in Pegasystems by 96.5% during the fourth quarter. Fifth Third Bancorp now owns 617 shares of the technology company’s stock worth $37,000 after acquiring an additional 303 shares during the last quarter. 46.89% of the stock is owned by institutional investors.

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.