<div id="readability-page-1"><p>Texas Permanent School Fund Corp purchased a new stake in  Pegasystems Inc. (NASDAQ:PEGA - Free Report) in the second quarter, according to its most recent disclosure with the Securities &amp; Exchange Commission. The fund purchased 20,742 shares of the technology company's stock, valued at approximately $1,123,000.</p><ul><li>Time to Take Notice: PEGA’s GenAI Blueprint Delivers Huge Q3 Beat</li></ul><p>Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Osaic Holdings Inc. increased its position in  Pegasystems by 195.4% in the 2nd quarter. Osaic Holdings Inc. now owns 8,761 shares of the technology company's stock valued at $481,000 after acquiring an additional 5,795 shares in the last quarter.  Orion Porfolio Solutions LLC increased its holdings in shares of  Pegasystems by 174.5% in the second quarter. Orion Porfolio Solutions LLC now owns 25,377 shares of the technology company's stock valued at $1,374,000 after purchasing an additional 16,133 shares in the last quarter.  Thrivent Financial for Lutherans raised its position in  Pegasystems by 85.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,901,978 shares of the technology company's stock worth $102,897,000 after purchasing an additional 874,686 shares during the last quarter.  Newbridge Financial Services Group Inc. bought a new position in  Pegasystems in the 2nd quarter worth approximately $380,000.  Finally, Ranger Investment Management L.P. lifted its holdings in  Pegasystems by 75.9% during the 2nd quarter. Ranger Investment Management L.P. now owns 1,121,350 shares of the technology company's stock worth $60,699,000 after buying an additional 483,745 shares in the last quarter. Institutional investors and hedge funds own  46.89% of the company's stock. </p><h2>Pegasystems Price Performance</h2><p>Shares of PEGA stock opened at $62.51 on Thursday. The stock has a market cap of $10.61 billion, a PE ratio of 41.95 and a beta of 1.09. The stock has a 50-day moving average of $58.90 and a 200-day moving average of $56.00. Pegasystems Inc. has a one year low of $29.84 and a one year high of $68.10. </p><ul><li>PEGA Surges 14%: There's Still Time to Ride This GenAI Innovator</li></ul><p>Pegasystems (NASDAQ:PEGA - Get Free Report) last issued its quarterly earnings data on Tuesday, October 21st. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.12. The firm had revenue of $381.35 million during the quarter, compared to analysts' expectations of $351.95 million. Pegasystems had a net margin of 16.05% and a return on equity of 43.49%. The business's revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 earnings per share.  As a group, research analysts anticipate that  Pegasystems Inc. will post 1.89 earnings per share for the current year. </p><h2>Pegasystems Dividend Announcement</h2><p>The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 2nd will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, January 2nd. Pegasystems's dividend payout ratio (DPR) is presently 8.05%. </p><h2>Insider Activity</h2><ul><li>3 Notable Stocks Just Split: Which One Could Be the Big Winner?</li></ul><p>In related news, CAO Efstathios A. Kouninis sold 4,425 shares of the business's stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $67.25, for a total value of $297,581.25. Following the completion of the transaction, the chief accounting officer directly owned 206 shares in the company, valued at approximately $13,853.50. The trade was a 95.55% decrease in their position. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this hyperlink. Also, insider Leon Trefler sold 14,865 shares of the stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $63.40, for a total value of $942,441.00. Following the sale, the insider directly owned 118,799 shares of the company's stock, valued at approximately $7,531,856.60. The trade was a 11.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 205,301 shares of company stock valued at $12,297,609. Company insiders own  49.70% of the company's stock. </p><h2>Analyst Upgrades and Downgrades</h2><p>PEGA has been the subject of a number of recent research reports. Barclays boosted their target price on Pegasystems from $58.00 to $67.00 and gave the stock an &#34;equal weight&#34; rating in a research report on Thursday, October 23rd. Rosenblatt Securities lifted their price objective on Pegasystems from $65.00 to $70.00 and gave the stock a &#34;buy&#34; rating in a research report on Thursday, October 23rd. Wall Street Zen downgraded shares of Pegasystems from a &#34;strong-buy&#34; rating to a &#34;buy&#34; rating in a research report on Saturday, November 22nd. Wedbush raised their target price on shares of Pegasystems from $70.00 to $75.00 and gave the company an &#34;outperform&#34; rating in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada  reissued an &#34;outperform&#34; rating and set a $80.00 price target (up from $70.00) on shares of Pegasystems in a research note on Wednesday, October 22nd. Nine equities research analysts have rated the stock with a Buy rating and two have issued  a Hold rating to the company. According to MarketBeat.com, Pegasystems presently has an average rating of &#34;Moderate Buy&#34; and an average price target of $70.05.</p><p><b>Read Our Latest Report on PEGA</b></p><h2>Pegasystems Company Profile</h2> (Free Report)<p>Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.  </p><p>The core of Pegasystems' offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.</p><h2>See Also</h2><ul><li>Five stocks we like better than Pegasystems</li><li>Do not delete, read immediately</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>Can Any Expenses Be Deducted From Capital Gains Tax?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li><li>Forget AI, This Will Be the Next Big Tech Breakthrough</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UEVHQQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UEVHQQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Pegasystems Right Now?</h2><p>Before you consider Pegasystems, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pegasystems wasn't on the list.</p><p>While Pegasystems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PEGA

<p>Texas Permanent School Fund Corp invested $1.12 million in Pegasystems Inc. during Q2, purchasing 20,742 shares. Pegasystems reported Q3 earnings of $0.30 per share, beating estimates, with revenue of $381.35 million, up 17.3% year-over-year. The stock opened at $62.51, with a market cap of $10.61 billion. Insiders sold shares worth $12.3 million last quarter. Analysts anticipate Pegasystems will post 1.89 EPS for the year. Barclays raised its target price to $67.</p>

Texas Permanent School Fund Corp Invests $1.12 Million in Pegasystems Inc. $PEGA