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
4 - PEGASYSTEMS INC (0001013857) (Issuer)
Pega received highest possible scores for workflow automation and policy management Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation Company™, today announced that leading risk technology analyst firm Chartis Research has named Pega as a category leader in its CLM Solutions, 2025, Quadrant Update report for corporate and investment banking (CIB). The Chartis report evaluated the 15 most significant client lifecycle management (CLM) solutions in CIB across five criteria. Pega received the highest possible score in both the workflow automation and policy management categories. Chartis describes category leaders as exhibiting "strength across the broadest set of capabilities in
Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation Company™, today announced that Alan Trefler, founder and CEO, and Ken Stillwell, COO and CFO, Pega, will be presenting at the following upcoming investor conference: 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference (https://jpmorgan.metameetings.net/events/tmc25/sessions/313240-pegasystems-inc/webcast?gpu_only=true&kiosk=true). Alan Trefler and Ken Stillwell will host an in-person Pega presentation, scheduled for Tuesday, May 13, 2025 at 4:30 p.m. EDT (1:30 p.m. PDT) in Boston, MA. Archives of the presentations will be available from the Investors page of Pega's website for a limited time. About
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 CompanyTM, today announced that Gartner has named Pega a Leader in the Gartner Magic Quadrant for Process Mining Platforms. In the report, Pega was recognized as a Leader among 16 vendors Gartner evaluated for Completeness of Vision and Ability to Execute, moving from a Visionary in 2024 to a Leader this year. According to Gartner, "Process mining platforms offer comprehensive analysis of end-to-end processes by extracting event data from information systems." The report explains the value these platforms provide: "Process mining platforms give enterprise application leaders visibility and insights into their business processes
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
New gen AI-powered industry toolkit helps agencies quickly and securely meet digital transformation goals while maximizing productivity Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation Company™, today announced Pega Blueprint for Government Efficiency Toolkit, a government-specific, AI driven approach for accelerating digital transformation across government agencies while improving overall efficiency. This unique solution – powered by Pega GenAI Blueprint™ – offers advanced gen AI capabilities that enable public sector agencies to securely modernize operations, enhance citizen services, and optimize resource utilization while remaining compliant with industry standards. This
Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation CompanyTM, today announced Forrester Research has named Pega a Leader in The Forrester WaveTM: Customer Relationship Management (CRM) Software, Q1 2025 (1). Pega earned the highest possible scores in criteria such as AI (predictive, generative, agentic), vision, and roadmap. The report states: "Pegasystems AI anticipates customer intent and guides users on how best to engage. Robust self-service capabilities enable customers to complete real work, with seamless transfers to the front office. Process automation coupled with process mining tools focus the front office on work that matters and surface insights on process performanc
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
New designation enables clients to quickly migrate to Pega Cloud for Government for sensitive government IT projects Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation Company™, today announced it has attained FedRAMP® High Authority to Operate (ATO) status. This designation assures current and future clients that Pega Cloud® for Government fully meets the stringent cloud compliance standards of the U.S. federal government. Now government agencies can quickly migrate their Pega on-premise solutions with their most sensitive data to the cloud. Many government IT organizations are deploying their infrastructure on the cloud to ensure their software is scalable, reliable, and easi
Industry leaders to share how they leverage Pega's AI technology to transform legacy systems and become more autonomous enterprises Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation CompanyTM, today announced keynote speakers for PegaWorld, Pega's annual conference to be held at the MGM Grand in Las Vegas, NV, from June 1-3, 2025. Executives from Verizon, Rabobank, and Unilever will lead client keynote sessions showcasing how they are modernizing their practices with the latest in generative AI and automation technology. Along with Pega founder and CEO Alan Trefler and other Pega executives, PegaWorld keynote speakers include: Erica van de Ven, global head of financial econo
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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
Annual contract value (ACV) grows 13% year over year in constant currency Cash flow from operations reaches $220 million and free cash flow hits $218 million in the first half of 2024 Pega Cloud backlog exceeds $1 billion for the first time Pegasystems Inc. (NASDAQ:PEGA), the leading enterprise AI decisioning and workflow automation platform provider, released its financial results for the second quarter of 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724234135/en/ACV Growth (Graphic: Business Wire) "Our approach to statistical AI and generative AI continues to be a significant differentiator," said Alan Tre
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