Pegasystems Inc. $PEGA Shares Purchased by Ranger Investment Management L.P.

Ranger Investment Management L.P. raised its stake in shares of Pegasystems Inc. (NASDAQ:PEGA) by 15.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,052,849 shares of the technology company’s stock after buying an additional 141,873 shares during the period. Pegasystems accounts for about 3.2% of Ranger Investment Management L.P.’s portfolio, making the stock its 2nd largest position. Ranger Investment Management L.P.’s holdings in Pegasystems were worth $44,809,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in shares of Pegasystems by 62.5% during the first quarter. Empowered Funds LLC now owns 56,428 shares of the technology company’s stock valued at $2,400,000 after acquiring an additional 21,712 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in Pegasystems by 95.7% in the 1st quarter. Quantinno Capital Management LP now owns 473,897 shares of the technology company’s stock valued at $20,169,000 after purchasing an additional 231,691 shares in the last quarter. Weiss Asset Management LP acquired a new stake in shares of Pegasystems during the 1st quarter worth about $6,212,000. Entropy Technologies LP purchased a new stake in shares of Pegasystems during the first quarter worth about $905,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of Pegasystems by 13.1% in the first quarter. Public Employees Retirement System of Ohio now owns 32,079 shares of the technology company’s stock valued at $1,365,000 after buying an additional 3,727 shares during the last quarter. 46.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on PEGA shares. Citizens Jmp lowered Pegasystems from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 22nd. Royal Bank Of Canada set a $35.00 price target on Pegasystems and gave the company an “outperform” rating in a report on Thursday, July 23rd. Barclays reissued an “overweight” rating and issued a $39.00 target price (down from $48.00) on shares of Pegasystems in a research report on Thursday, July 23rd. Rosenblatt Securities cut their price target on shares of Pegasystems from $58.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Finally, Loop Capital cut shares of Pegasystems from a “buy” rating to a “hold” rating and lowered their price objective for the company from $55.00 to $25.00 in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Pegasystems currently has a consensus rating of “Hold” and a consensus target price of $50.10.

Key Stories Impacting Pegasystems

Here are the key news stories impacting Pegasystems this week:

• Positive Sentiment: Pegasystems expanded its University Academic Programme in India by adding three new partners. The move could strengthen the company’s talent pipeline, product expertise and long-term presence in the Indian market, though the announcement did not include an immediate financial impact. Pegasystems expands University Academic Programme with three new partners in India
• Negative Sentiment: KeyCorp lowered its Pegasystems EPS estimates across 2026 and 2027. The firm cut its Q3 2026 forecast to $0.28 from $0.40, Q4 2026 to $0.99 from $1.14, FY2026 to $1.73 from $2.11, and FY2027 to $1.79 from $2.38. It also reduced its Q1 and Q2 2027 forecasts to $0.27 and $0.24, respectively, and its Q3 2027 estimate to $0.31. KeyCorp maintained a “Sector Weight” rating, indicating limited conviction for near-term outperformance. KeyCorp Has Pessimistic Outlook of Pegasystems Q4 Earnings

Pegasystems Stock Performance

Shares of NASDAQ:PEGA opened at $29.53 on Wednesday. Pegasystems Inc. has a 1 year low of $25.10 and a 1 year high of $68.10. The stock has a market capitalization of $4.85 billion, a P/E ratio of 16.68 and a beta of 0.87. The stock has a 50-day simple moving average of $31.94 and a 200-day simple moving average of $39.12.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings results on Tuesday, July 21st. The technology company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). Pegasystems had a net margin of 18.66% and a return on equity of 32.21%. The business had revenue of $420.72 million during the quarter, compared to analysts’ expectations of $427.38 million. During the same quarter in the previous year, the business posted $0.28 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Analysts predict that Pegasystems Inc. will post 1.71 earnings per share for the current year.

Pegasystems Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Rifat Kerim Akgonul sold 4,545 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $33.35, for a total value of $151,575.75. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Efstathios A. Kouninis sold 750 shares of the firm’s stock in a transaction dated 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 $79,306.56. This trade represents a 25.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 6,795 shares of company stock valued at $229,613. 48.40% of the stock is owned by corporate insiders.

About Pegasystems

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.