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 |
|---|---|---|---|
| 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 |
| 10/18/2022 | $50.00 → $25.00 | Equal Weight → Underweight | Barclays |
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Latest release includes Pega GenAI enhancements and increased flexibility to accelerate transformation, improve customer and employee experiences, and maximize efficiency Pegasystems Inc. (NASDAQ:PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced the general availability of Pega InfinityTM 24.2. This latest release of Pega's core portfolio of cloud-ready products introduces new generative AI capabilities and enhancements that help enterprises boost employee productivity and innovate faster while optimizing customer experiences. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2024
Pegasystems Inc. (NASDAQ:PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced Gartner Research has recognized Pega as a Leader in the Magic Quadrant for Enterprise Low-Code Application Platforms (LCAPs) (1). Gartner reviewed 13 low-code application platforms based on the evaluation criteria of for their Completeness of Vision and Ability to Execute. In its evaluation of enterprise LCAPs, Gartner indicates the growing importance of these technologies: "By 2028, 60% of software development organizations will use enterprise LCAPs as their main internal developer platform, up from 10% in 2024…By 2029, enterprise LCAPs will be used for mission-
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
Summit will bring together technology and government experts to help accelerate digital transformation Pegasystems, Inc., (NASDAQ:PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced it will host Government Empowered 2024 on October 16, 2024, in Washington D.C. at the historical Capital Turnaround venue. This summit will bring together public sector leaders and innovators to showcase how they can better embrace digital transformation and expand what's possible for their constituents with technology. Now in its seventh year, Government Empowered will feature presentations and conversations that address how technologies such as cloud, artif
Pega University Program helps clients and partners more effectively find and train new Pega IT talent Pegasystems Inc. (NASDAQ:PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced an expansion of its Pega University Program to find and cultivate new Pega-certified professionals with promising employment opportunities upon program completion. Building off its initial success in India, the Pega University Program will provide clients and partners in North America, Europe, and Asia Pacific with pre-trained software developers to meet their growing needs. Most organizations still struggle to fill the demand for software development talent wit
Pega's Frank Guerrera will assume new role of chief cloud officer Pegasystems Inc. (NASDAQ:PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced the creation of a new executive position dedicated to accelerating the adoption of Pega CloudTM. Frank Guerrera, previously Pega's chief technical systems officer, will immediately assume the new role of chief cloud officer to further the company's commitment to providing value for clients in a rapidly evolving digital landscape. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240916507796/en/Pega Chief Cloud Officer Frank Guerrera (Photo
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
Pega Sales Automation receives highest scores for all use cases for the fourth consecutive year Pegasystems Inc. (NASDAQ:PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced Gartner Research has recognized Pega in their Critical Capabilities for Sales Force Automation Platforms report (1). Pega earned the highest score of all vendors and use cases evaluated, including B2B, B2C, and Indirect/relationship Sales. In the report, Gartner explains, "Over the next year, some SFA platforms will provide autonomous and semiautonomous AI software agents to execute sales processes, such as prospecting or seller roleplay assistants." The report goes o
Pegasystems Inc. (NASDAQ:PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced that Ken Stillwell, COO and CFO, Pega, will be presenting at the following upcoming investor conferences: Citi 2024 Global TMT Conference. The in-person Pega presentation is scheduled for Thursday, September 5, 2024, at 11:40 a.m. EDT (8:40 a.m. PDT). Interested parties can access a live webcast of the presentation at (https://kvgo.com/citi-2024-global-tmt-conference/pegasystems-inc-sep-2024). Goldman Sachs Communacopia & Technology Conference. The in-person Pega presentation is scheduled for Tuesday, September 10, 2024, at 7:30 a.m. PDT (10:30 a.m. EDT). I
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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 leading enterprise AI decisioning and workflow automation platform provider, today announced it will report financial results for the second quarter of 2024 on Wednesday, July 24, 2024, after market close. A conference call and audio-only webcast will be conducted at 8:00 a.m. EDT on Thursday, July 25, 2024. Members of the public and investors are invited to join the call and participate in the question and answer session by dialing 1 (888) 415-4305 (domestic) or 1 (646) 960-0336 (international) and using Conference ID 1559653, or via https://events.q4inc.com/attendee/610142887 by logging onto www.pega.com at least five minutes prior to the event's broa
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 Q3 2024 dividend will be paid on July 15, 2024, to shareholders of record as of July 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 1983
Cash flow from operations and free cash flow both reach $180 million Annual contract value (ACV) grows 9% year over year Pega Cloud gross margin expands to 77% Pegasystems Inc. (NASDAQ:PEGA), the leading enterprise AI decisioning and workflow automation platform provider, released its financial results for the first quarter of 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240424708388/en/Backlog Growth (Graphic: Business Wire) "In Q1, we released Pega GenAI BlueprintTM, a revolutionary technology that massively changes the way we engage with our clients to help them re-imagine and evolve their business," said Al
Pegasystems Inc. (NASDAQ:PEGA), the leading enterprise AI decisioning and workflow automation platform provider, today announced it will report financial results for the first quarter of 2024 on Wednesday, April 24, 2024, after market close. A conference call and audio-only webcast will be conducted at 8:00 a.m. EDT on Thursday, April 25, 2024. Members of the public and investors are invited to join the call and participate in the question and answer session by dialing 1 (888) 596-4144 (domestic) or 1 (646) 968-2525 (international) and using conference ID 1559653, or via https://events.q4inc.com/attendee/436307495 by logging onto www.pega.com at least five minutes prior to the event's bro
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 Q2 2024 dividend will be paid on April 15, 2024, to shareholders of record as of April 1, 2024. About Pegasystems 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. S
Cash flow from operations and free cash flow both exceed $200 million for first time in company history Annual contract value (ACV) grows 11% year over year Pega Cloud gross margin jumps to 74% for 2023 Pegasystems Inc. (NASDAQ:PEGA), the leading enterprise AI decisioning and workflow automation platform provider, released its financial results for the fourth quarter and full-year 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240214539360/en/(Graphic: Business Wire) "It's awesome to see how well our team performed in 2023," said Alan Trefler, founder and CEO. "We delivered transformative innovation to change the
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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
Barclays downgraded Pegasystems from Equal Weight to Underweight and set a new price target of $25.00 from $50.00 previously
Pegasystems (NASDAQ:PEGA) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.25 by 108 percent. The company reported quarterly sales of $351.15 million which beat the analyst consensus estimate of $321.94 million by 9.07 percent. This is a 17.73 percent increase over sales of $298.27 million the same period last year.
Citigroup analyst Steven Enders maintains Pegasystems (NASDAQ:PEGA) with a Buy and lowers the price target from $87 to $82.
Although U.S. stocks closed mixed on Thursday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. V.F. Corporation The Trade: V.F. Corporation (NYSE:VFC) Director Richard Carucci acquired a total of 25,000 shares at an av
JMP Securities analyst Patrick Walravens reiterates Pegasystems (NASDAQ:PEGA) with a Market Perform.
Wedbush analyst Daniel Ives reiterates Pegasystems (NASDAQ:PEGA) with a Outperform and maintains $90 price target.
In the preceding three months, 8 analysts have released ratings for Pegasystems (NASDAQ:PEGA), presenting a wide array of perspectives from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 3 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 2 1 2 0 0 3M Ago 1 1 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $78.62, a high estimate o
RBC Capital analyst Rishi Jaluria reiterates Pegasystems (NASDAQ:PEGA) with a Outperform and maintains $77 price target.
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