Pegasystems Inc. develops, markets, licenses, hosts, and supports enterprise software applications in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. It provides Pega Platform, an application development product for clients; and Pega Infinity, a software platform that unifies customer engagement and digital process automation. The company offers customer engagement applications, including Pega Customer Decision Hub that enable enterprises to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Sales Automation to automate and manage the sales process; and 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. It also provides intelligent automation software; Pega Cloud that allows clients to develop, test, and deploy applications and the Pega Platform using an Internet-based infrastructure; and guidance and implementation, technical support, and instructor-led and online training services. It primarily markets its software and services to financial services, life sciences, healthcare, communications and media, government, insurance, manufacturing and high tech, and consumer services markets through a direct sales force, as well as partnerships with technology providers and application developers. Pegasystems Inc. was incorporated in 1983 and is headquartered in Cambridge, Massachusetts.
IPO Year: 1996
Exchange: NASDAQ
Website: pega.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/14/2025 | $118.00 | Overweight | KeyBanc Capital Markets |
| 8/1/2024 | $68.00 → $84.00 | Hold → Buy | Loop Capital |
| 7/31/2024 | $85.00 | Mkt Perform → Mkt Outperform | JMP Securities |
| 7/30/2024 | Mkt Perform → Outperform | William Blair | |
| 1/12/2024 | $52.00 | Underweight → Equal Weight | Barclays |
| 7/5/2023 | $50.00 → $65.00 | Neutral → Outperform | Exane BNP Paribas |
| 6/6/2023 | $48.00 | Neutral | DA Davidson |
| 5/8/2023 | $56.00 | Buy | Rosenblatt |
| 3/9/2023 | Mkt Perform | William Blair | |
| 1/18/2023 | $36.00 → $45.00 | Neutral → Buy | Citigroup |
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KeyBanc Capital Markets resumed coverage of Pegasystems with a rating of Overweight and set a new price target of $118.00
Loop Capital upgraded Pegasystems from Hold to Buy and set a new price target of $84.00 from $68.00 previously
JMP Securities upgraded Pegasystems from Mkt Perform to Mkt Outperform and set a new price target of $85.00
William Blair upgraded Pegasystems from Mkt Perform to Outperform
Barclays upgraded Pegasystems from Underweight to Equal Weight and set a new price target of $52.00
Exane BNP Paribas upgraded Pegasystems from Neutral to Outperform and set a new price target of $65.00 from $50.00 previously
DA Davidson initiated coverage of Pegasystems with a rating of Neutral and set a new price target of $48.00
Rosenblatt initiated coverage of Pegasystems with a rating of Buy and set a new price target of $56.00
William Blair initiated coverage of Pegasystems with a rating of Mkt Perform
Citigroup upgraded Pegasystems from Neutral to Buy and set a new price target of $45.00 from $36.00 previously
Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation Company™, announced that shareholders approved an increase in authorized shares at today's annual shareholder meeting to enable a two-for-one stock split to make the stock more accessible to a broader base of investors and employees. The two-for-one stock split will be issued after the close of business on June 20, 2025, and trading will begin on a split-adjusted basis on June 23, 2025. Following the split, Pega's Q3 dividend for the third quarter of 2025 will be $0.03 per share post-split, or the equivalent of $0.06 per share pre-split, and will be paid on July 15, 2025, to shareholders of record as of July 1, 2025. About Pe
Pega's AI-powered decisioning and workflow automation capabilities recognized with highest scores possible in all strategy criteria Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation CompanyTM, today announced Forrester Research has named Pega a Leader in The Forrester Wave™: AI Decisioning Platforms, Q2 2025 (1). Pega earned the highest score in the strategy category, including the highest scores possible in the vision, innovation, roadmap, partner ecosystem, adoption, and supporting services and offerings criteria. The report states: "Pega's approach is timeless — it aims to build a platform that enables enterprises to 'design for people, build for change.' The company is n
Developers can quickly deploy Pega Blueprint designs as predictable and compliant applications Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation Company™, today at PegaWorld® announced agentic AI enhancements to Pega InfinityTM App Studio that intelligently guide developers through application development, enabling enterprises to innovate and to go to market faster. Pega Infinity strategically infuses AI into learning, design, integration, UX, and testing – reducing workloads and democratizing the creation of enterprise-grade applications that align with an organization's best practices. This press release features multimedia. View the full release here: https://www.businessw
New solution allows partners to infuse their proprietary IP into Pega Blueprint's innovative app design capabilities Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation Company™, today at PegaWorld® announced Powered by Pega Blueprint, a new solution that fundamentally shifts how system integrators (SIs) deliver enterprise transformation to their clients. Now, Pega SIs can infuse their own intellectual property (IP) and extensive industry expertise directly into Pega BlueprintTM, Pega's groundbreaking agentic workflow designer. This creates a powerful custom version of Pega Blueprint unique to each partner, allowing them to better collaborate with clients and drive more impactf
Connect AI agents with customers, staff, and existing IT systems into a network of predictable agents that automate work across the enterprise Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation Company™, today at PegaWorld® introduced Pega Agentic Process Fabric™, a breakthrough service that orchestrates all AI agents and systems across an open agentic network for more reliable and accurate automation. By extending the Pega Process Fabric® architecture, Pega Agentic Process Fabric enables agents, apps, systems, and data to work together to complete tasks predictably and dependably through trusted workflows. This press release features multimedia. View the full release here: ht
New Pega Blueprint features allow organizations to quickly create modern, cloud-native applications from a wide array of legacy system assets Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation Company™, today at PegaWorld® announced expanded Pega Blueprint™ capabilities that significantly accelerate time-intensive digital transformation initiatives. Now, organizations can leverage powerful agentic AI to ingest, analyze, and convert a wide array of legacy system assets – including videos, documentation, UI screens, technical files, and source code – into modern applications faster than ever. These enhancements dramatically shorten the tedious system analysis phase, immediately c
PegaWorld's annual awards ceremony recognizes clients using Pega solutions to drive positive business outcomes Pegasystems Inc. (NASDAQ:PEGA), the Enterprise Transformation Company™, today announced the recipients of the 2025 Pega Industry Awards at its annual PegaWorld® user conference. The awards program recognizes organizations and individuals using Pega's technology to drive exemplary digital transformation and customer engagement. The Pega Industry Awards recognize organizations and individuals in three categories: The Visionary Award, The Innovation Award, and The Impact Award. The Visionary Award recognizes individuals serving as digital heroes within their organization. The Innova
Outdated legacy technologies costing organizations the ability to innovate, money, time – and, potentially, even customers Technical debt and an over-reliance on outdated legacy systems and applications is blocking enterprise adoption of more innovative technologies like artificial intelligence (AI), according to new research from Pegasystems Inc. (NASDAQ:PEGA), the Enterprise Transformation Company™. The study, conducted with research firm Savanta, was unveiled at PegaWorld®, the company's annual conference in Las Vegas. It surveyed more than 500 IT decision makers across enterprises worldwide on the challenges caused by technical debt and the progress in modernizing legacy technology.
Thirteenth annual awards honor partners delivering strategic transformation outcomes for clients Pegasystems Inc. (NASDAQ:PEGA), the Enterprise Transformation Company™, today announced the winners of the 2025 Pega Partner Awards at its annual PegaWorld® user conference. The awards recognize Pega partners with an ability to deliver exceptional client outcomes through Pega's AI-powered decisioning and workflow automation platform. Pegasystems collaborates with a global ecosystem of best-in-class partners who accelerate our clients' journey to the autonomous enterprise using GenAI. These partners provide services and solutions to address significant challenges faced by leading organization
NEW YORK, May 19, 2025 /PRNewswire/ -- Pegasystems Inc. (NASD: PEGA) will replace Nordstrom Inc. (NYSE:JWN) in the S&P MidCap 400 effective prior to the opening of trading on Thursday, May 22. The Nordstrom family and El Puerto de Liverpool S.A.B. de C.V. (BMV:LIVEPOL) are acquiring Nordstrom in a deal expected to be completed on May 20. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector May 22, 2025 S&P MidCap 400 Addition Pegasystems PEGA Information Technology May 22, 2025 S&P MidCap 400 Deletion Nordstrom JWN Consumer Discretionary For more information abou
NEW YORK, May 19, 2025 /PRNewswire/ -- Pegasystems Inc. (NASD: PEGA) will replace Nordstrom Inc. (NYSE:JWN) in the S&P MidCap 400 effective prior to the opening of trading on Thursday, May 22. The Nordstrom family and El Puerto de Liverpool S.A.B. de C.V. (BMV:LIVEPOL) are acquiring Nordstrom in a deal expected to be completed on May 20. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector May 22, 2025 S&P MidCap 400 Addition Pegasystems PEGA Information Technology May 22, 2025 S&P MidCap 400 Deletion Nordstrom JWN Consumer Discretionary For more information abou
Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation Company™, today announced the appointment of Rohit Ghai to its board of directors. Mr. Ghai brings more than two decades of leadership and digital transformation experience in the enterprise software industry, delivering profitable growth for large global organizations, including publicly traded companies in highly regulated markets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250121745577/en/Rohit Ghai Joins Pega's Board of Directors (Photo: Business Wire) Mr. Ghai, 55, has deep expertise in operational and digital transformation as well as cybersecurity best prac
Study suggests enterprises embracing a fuller set of AI tools to increase productivity and drive transformation The rapid rise of creative ‘right-brain' generative AI has opened the door to greater adoption of the more analytical ‘left-brain' AI decisioning solutions by global businesses, according to new research from Pegasystems Inc. (NASDAQ:PEGA), the leading enterprise AI decisioning and workflow automation platform provider. The study, conducted by research firm Savanta, was unveiled at PegaWorld® iNspire, the company's annual conference in Las Vegas. It surveyed more than 500 business decision makers across enterprises worldwide on their understanding and use of AI, as well as the c
Reduces Board Size from Nine to Five Members and Appoints New Directors Strong Leadership and Governance Committed to Building Sustainable Shareholder Value Edgio, Inc. (NASDAQ:EGIO) (the "Company"), the platform of choice for speed, security, and simplicity at the edge, today announced that it has reconstituted its Board of Directors. The now five-member Board includes three newly appointed, highly qualified directors: Ken Traub, Frank Verdecanna and Mio Babic. Ken Traub has also been named as Chairman of the Board. These additions enrich the Board with diverse global expertise in corporate governance, cybersecurity, digital media, and strategic growth. Simultaneously, seven existing
CAMBRIDGE, Mass., Aug. 16, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ:PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced the appointment of Naznine Tilak as vice president of learning, development, and diversity, equity, inclusion, and belonging (DEI&B). Naznine will spearhead Pega's efforts to design and implement its near-term and multi-year strategy for its learning and development programs while continuing the execution of its DEI&B roadmap. Naznine brings more than 20 years of human resources experience to
CAMBRIDGE, Mass., August 2, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ:PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced the appointment of Dr. Kikelomo (Dayo) Belizaire as its first chief medical officer. With a strong clinical background and a passion for improving care outcomes, Dr. Belizaire will bring a clinical lens to Pega's strategy for serving its healthcare clients. With the recent convergence of healthcare payers and providers, these organizations are putting an increased focus on managing overall ca
CAMBRIDGE, Mass., Jan. 4, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ:PEGA), the software company that crushes business complexity, today announced it has appointed Katherine Parente as chief people officer, effective today. Ms. Parente is responsible for driving Pega's global people strategy and operations, reporting to Alan Trefler, Pega's founder and CEO. In her 20-plus years of human resources experience, Kate has established and led strong international teams across a wide range of HR disciplines within firms in the financial services, technology, and professional serv
Enterprise Software and SAAS industry veteran joins leading digital experience solution to drive next stage of growth Zmags, whose Creator platform is transforming how customers experience digital commerce everywhere, today announces that Jeffrey Lortz has been appointed as Chief Executive Officer (CEO). Lortz joins after having served in senior executive roles in Private Equity backed SaaS companies including Tomia, a Vista Equity Partner portfolio company as Chief Operating Officer. He will assume day-to-day leadership as well as guide the company's long-term strategic growth initiatives. David Powell will continue to serve as Chief Financial and Administrative Officer. "It has been a g
CAMBRIDGE, Mass., March 8, 2021 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the software company that crushes business complexity at the world's leading enterprises, today announced three new strategic hires to accelerate the company's sales and ecosystem growth. John Higgins has joined as head of global consulting and client success, Judy Buchholz has joined as head of commercial sales for the Americas, and Joaquin Reixa has joined as head of sales for EMEA. Mr. Higgins joins Pega from Salesforce, where he most recently led International Services for EMEA, APAC and LATAM. Under John's leadership, Pega's Global Consulting and Client Success teams are coming together to ensure a seamles
Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation Company™, announced that shareholders approved an increase in authorized shares at today's annual shareholder meeting to enable a two-for-one stock split to make the stock more accessible to a broader base of investors and employees. The two-for-one stock split will be issued after the close of business on June 20, 2025, and trading will begin on a split-adjusted basis on June 23, 2025. Following the split, Pega's Q3 dividend for the third quarter of 2025 will be $0.03 per share post-split, or the equivalent of $0.06 per share pre-split, and will be paid on July 15, 2025, to shareholders of record as of July 1, 2025. About Pe
Operating cash flow grows to $204 million and free cash flow grows to $202 million in Q1 2025 Annual Contract Value (ACV) growth exceeds 13% year over year Pega Cloud ACV grows 23% year over year Backlog grows 21% year over year Pegasystems Inc. (NASDAQ:PEGA), the Enterprise Transformation Company ™, released its financial results for the first quarter of 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250422973379/en/Total ACV Growth and Pega Cloud ACV Growth "Pega GenAI has dramatically transformed how we engage with our clients," said Alan Trefler, Pega founder and CEO. "Pega solutions and our approach to AI enab
Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation Company™, today announced it will report financial results for the first quarter of 2025 on Tuesday, April 22, 2025, after market close. A conference call and audio-only webcast will be conducted at 8:00 a.m. EDT on Wednesday, April 23, 2025. Members of the public and investors are invited to join the call and participate in the question and answer session by dialing 1 (800) 715-9871 (domestic) or 1 (646) 307-1963 (international) and using Conference ID 5846616, or via https://events.q4inc.com/attendee/866591284 by logging onto www.pega.com at least five minutes prior to the event's broadcast and clicking on the webcast icon in
Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation Company™, today announced a quarterly cash dividend of $0.03 per share, maintaining the company's current dividend program. The Q2 2025 dividend will be paid on April 15, 2025, to shareholders of record as of April 1, 2025. About Pega Pega is The Enterprise Transformation CompanyTM that helps organizations Build for Change® with enterprise AI decisioning and workflow automation. Many of the world's most influential businesses rely on our platform to solve their most pressing challenges, from personalizing engagement to automating service to streamlining operations. Since 1983, we've built our scalable and flexible architecture t
Operating cash flow grows to $346 million and free cash flow grows to $338 million in 2024 Annual Contract Value (ACV) grows 9% year over year (11% in constant currency) Pega Cloud ACV grows 18% year over year (21% in constant currency) 2025 guidance of 12% ACV growth, $455 million in cash flow from operations, and $440 million in free cash flow Pegasystems Inc. (NASDAQ:PEGA), the Enterprise Transformation Company™, released its financial results for the fourth quarter and full-year 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250212298048/en/Total ACV Growth and Pega Cloud ACV Growth (Graphic: Business Wire
Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation Company™, today announced it will report financial results for the fourth quarter and fiscal year 2024 on Wednesday, February 12, 2025, after market close. A conference call and audio-only webcast will be conducted at 8:00 a.m. EST on Thursday, February 13, 2025. Members of the public and investors are invited to join the call and participate in the question and answer session by dialing 1 (800) 715-9871 (domestic) or 1 (646) 307-1963 (international) and using Conference ID 3830305, or via https://events.q4inc.com/attendee/343473625 by logging onto www.pega.com at least five minutes prior to the event's broadcast and clicking o
Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation Company™, today announced a quarterly cash dividend of $0.03 per share, maintaining the company's current dividend program. The Q1 2025 dividend will be paid on January 16, 2025, to shareholders of record as of January 2, 2025. About Pega Pega is The Enterprise Transformation Company that helps organizations Build for Change® with enterprise AI decisioning and workflow automation. Many of the world's most influential businesses rely on our platform to solve their most pressing challenges, from personalizing engagement to automating service to streamlining operations. Since 1983, we've built our scalable and flexible architect
Annual Contract Value (ACV) grows 16% year over year (14% in constant currency) Pega Cloud ACV grows 30% year over year (26% in constant currency) Cash flow from operations reaches $251 million and free cash flow hits $246 million in the first nine months of 2024 Pegasystems Inc. (NASDAQ:PEGA), the leading enterprise AI decisioning and workflow automation platform provider, released its financial results for the third quarter of 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241023411869/en/Total ACV Growth and Pega Cloud Growth (Graphic: Business Wire) "Pega GenAI Blueprint is creating enormous excitement and fundam
Pegasystems Inc. (NASDAQ:PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced it will report financial results for the third quarter of 2024 on Wednesday, October 23, 2024, after market close. A conference call and audio-only webcast will be conducted at 8:00 a.m. EDT on Thursday, October 24, 2024. Members of the public and investors are invited to join the call and participate in the question and answer session by dialing 1 (800) 715-9871 (domestic) or 1 (646) 307-1963 (international) and using Conference ID 2282955, or via https://events.q4inc.com/attendee/813806779 by logging onto www.pega.com at least five minutes prior to the event's
Pegasystems Inc. (NASDAQ:PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced a quarterly cash dividend of $0.03 per share, maintaining the company's current dividend program. The Q4 2024 dividend will be paid on October 15, 2024, to shareholders of record as of October 1, 2024. About Pega Pega provides a powerful platform that empowers the world's leading organizations to unlock business-transforming outcomes with real-time optimization. Clients use our enterprise AI decisioning and workflow automation to solve their most pressing business challenges – from personalizing engagement to automating service to streamlining operations. Since
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