Mirae Asset Global Investments Co. Ltd. Purchases 31,925 Shares of Pegasystems Inc. (NASDAQ:PEGA)

Mirae Asset Global Investments Co. Ltd. boosted its stake in Pegasystems Inc. (NASDAQ:PEGA - Free Report) by 3.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 946,109 shares of the technology company's stock after buying an additional 31,925 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 1.13% of Pegasystems worth $46,227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP bought a new position in Pegasystems in the 1st quarter valued at about $45,000. CWM LLC grew its position in Pegasystems by 80.1% in the 3rd quarter. CWM LLC now owns 1,160 shares of the technology company's stock valued at $50,000 after buying an additional 516 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Pegasystems by 502.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,754 shares of the technology company's stock valued at $56,000 after buying an additional 1,463 shares in the last quarter. Gyon Technologies Capital Management LP acquired a new stake in Pegasystems in the 4th quarter valued at about $61,000. Finally, Comerica Bank acquired a new stake in Pegasystems in the 3rd quarter valued at about $67,000. Institutional investors own 46.89% of the company's stock.

Insider Transactions at Pegasystems

In related news, Director Richard H. Jones sold 10,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $63.39, for a total value of $633,900.00. Following the transaction, the director now owns 379,658 shares in the company, valued at $24,066,520.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Richard H. Jones sold 10,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $63.39, for a total value of $633,900.00. Following the transaction, the director now owns 379,658 shares in the company, valued at $24,066,520.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Leon Trefler sold 1,504 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $63.80, for a total value of $95,955.20. Following the completion of the transaction, the insider now owns 35,533 shares in the company, valued at approximately $2,267,005.40. The disclosure for this sale can be found here. Insiders sold 43,792 shares of company stock valued at $2,781,669 over the last three months. 50.20% of the stock is owned by corporate insiders.

Pegasystems Trading Up 2.1 %

PEGA stock traded up $1.29 during mid-day trading on Friday, reaching $62.10. 475,779 shares of the stock traded hands, compared to its average volume of 442,878. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.41. Pegasystems Inc. has a 52-week low of $37.66 and a 52-week high of $69.26. The company has a market cap of $5.21 billion, a P/E ratio of 87.47 and a beta of 1.06. The stock's fifty day moving average is $60.39 and its 200-day moving average is $51.40.

Pegasystems (NASDAQ:PEGA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.64. The business had revenue of $474.23 million during the quarter, compared to analyst estimates of $428.76 million. Pegasystems had a net margin of 4.73% and a return on equity of 39.30%. As a group, sell-side analysts expect that Pegasystems Inc. will post 1.49 earnings per share for the current year.

Pegasystems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date is Thursday, March 28th. Pegasystems's dividend payout ratio (DPR) is 16.90%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PEGA shares. Wedbush reissued an "outperform" rating and issued a $58.00 price target on shares of Pegasystems in a report on Thursday, February 15th. StockNews.com raised shares of Pegasystems from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 13th. Citigroup upped their price target on shares of Pegasystems from $86.00 to $87.00 and gave the company a "buy" rating in a report on Friday, March 22nd. The Goldman Sachs Group upped their price target on shares of Pegasystems from $50.00 to $70.00 and gave the company a "neutral" rating in a report on Friday, February 16th. Finally, TheStreet raised shares of Pegasystems from a "d+" rating to a "c" rating in a report on Thursday, February 15th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Pegasystems has a consensus rating of "Moderate Buy" and a consensus price target of $65.44.

Pegasystems Profile

Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; 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; and Pega Platform, an intelligent automation software for increasing efficiency of clients' processes and workflows.