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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Pega's AI and automation-powered customer service solution enables service teams to work smarter while improving self-service for optimal customer experiences Pegasystems Inc. (NASDAQ:PEGA), the Enterprise Transformation Company™, today announced it has been named a Leader in the Gartner® Magic QuadrantTM for the CRM Customer Engagement Center (1) for the 12th consecutive time. In the report, Pega was recognized as a Leader among 12 vendors Gartner evaluated for completeness of vision and ability to execute. According to Gartner, the customer engagement center (CEC) is defined as "a cohesive set of software built around core case management tools, dedicated to providing customer service
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
New version of market-leading solution further simplifies time-consuming process and supports more payment types Pegasystems Inc. (NASDAQ:PEGA), the Enterprise Transformation Company™, today introduced the next generation version of its market-leading Pega Smart Dispute™ offering, including new generative AI and automation features that helps banks accelerate resolution of disputes and fraud claims for any type of payment. With the new Pega Smart Dispute Enterprise Edition, banks can now resolve complex disputes and claims even faster across a wider range of payment types, all through a single, powerful, and time-tested Pega solution. This press release features multimedia. View the full
Expanded AI-powered automation helps banks resolve payment exceptions faster while reducing operational costs Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation Company™, today announced a new edition of Pega Smart Investigate™, including expanded automation and generative AI capabilities to help banks process payment exceptions and investigations faster and more efficiently. With a dramatically improved user interface, the new Pega Smart Investigate Enterprise Edition enables end-to-end process automation and supports the latest ISO 20022 standards to help financial institutions tackle the growing volume of payment exceptions while reducing operational costs and improving clie
Pega received top score in Current Offering & Strategy categories Pegasystems Inc. (NASDAQ:PEGA), the Enterprise Transformation Company™, today announced Forrester Research has named Pega a Leader in The Forrester Wave™: Task-Centric Automation Software, Q4 2024 (1). Across all solutions evaluated, Pega received the top score in the Current Offering and Strategy categories. Forrester evaluated Pega Infinity™ and Pega GenAI Blueprint™. The report explains, "Pegasystems is a powerhouse in the task-centric process automation market, with a substantial market presence and a reputation for delivering sophisticated automation solutions across a broad spectrum of industries." It later states,
Pegasystems Inc. (NASDAQ:PEGA), the Enterprise Transformation Company™, today announced that Ken Stillwell, COO and CFO, Pega, will be presenting at the following upcoming investor conferences: UBS Global Technology and AI Conference. The in-person Pega presentation is scheduled for Tuesday, December 3, 2024, at 12:15 p.m. MST (2:15 p.m. EST) in Scottsdale, AZ. Interested parties can access a live webcast of the presentation at https://event.webcasts.com/starthere.jsp?ei=1699167&tp_key=97643f59d8&tp_special=8. Barclays 22nd Annual Global Technology Conference. The in-person Pega presentation is scheduled for Thursday, December 12, 2024, at 8:40 a.m. PST (11:40 a.m. EST) in San Franci
Rethink and replace legacy systems fast with new Pega GenAI Blueprint features Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation Company™, today announced the availability of new AI-driven legacy discovery capabilities in Pega GenAI Blueprint™ to accelerate the daunting task of modernizing legacy systems that hold organizations back. Now IT teams can analyze their existing systems in seconds and reimagine their workflows while reducing technical debt. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241119512444/en/This image demonstrates how a BPMN file representing legacy IT systems can be analyzed and ingested int
Mr. Lala will assume position of head of legacy transformation practice at Pega Pegasystems Inc. (NASDAQ:PEGA), The Enterprise Transformation Company™, today announced it has appointed Ravesh Lala as head of Pega's legacy transformation practice. Mr. Lala will spearhead the market execution of this practice to help clients modernize legacy applications on their path toward becoming autonomous enterprises. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241119400716/en/Ravesh Lala joins Pega as head of legacy transformation practice (Photo: Business Wire) Mr. Lala joins Pega with over 20 years of experience in management consult
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 conference: RBC Capital Markets Technology, Internet, Media & Telecommunications Conference. The in-person Pega presentation is scheduled for Tuesday, November 19, 2024, at 11:20 a.m. EST (8:20 a.m. PST) in New York, NY. Interested parties can access a live webcast of the presentation at (https://kvgo.com/rbc/pegasystems-inc-nov-2024). Archives of the presentations will be available from the Investors page of Pega's website for a limited time. About Pegasystems Pega
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
4 - PEGASYSTEMS INC (0001013857) (Issuer)
4 - PEGASYSTEMS INC (0001013857) (Issuer)
4 - PEGASYSTEMS INC (0001013857) (Issuer)
4 - PEGASYSTEMS INC (0001013857) (Issuer)
4 - PEGASYSTEMS INC (0001013857) (Issuer)
4 - PEGASYSTEMS INC (0001013857) (Issuer)
4 - PEGASYSTEMS INC (0001013857) (Issuer)
4 - PEGASYSTEMS INC (0001013857) (Issuer)
4 - PEGASYSTEMS INC (0001013857) (Issuer)
4 - PEGASYSTEMS INC (0001013857) (Issuer)
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™, 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 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
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
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