Progress Software (PRGS) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS


The company's software products and services address these challenges by increasing developer productivity, by delivering applications with a low total cost of ownership and by enhancing performance and availability.

According to Zacks, "Progress Software Corporation is a global supplier of application development, deployment and management technology, Internet and intranet enabling technologies and support services to business, industry and government". The latest exchange of 0.09 Million shares is below its average trading activity of 134.46 Million shares. About 63,394 shares traded. Progress Software Corporation (NASDAQ:PRGS) earnings have risen with a quarterly rate of 4% over the last 5 years.

Looking at a public company's insider trading can give great insight into how the stock is performing. The institutional investor held 4.26M shares of the prepackaged software company at the end of 2017Q3, valued at $162.64 million, up from 3.98M at the end of the previous reported quarter. About 1.14M shares traded or 262.33% up from the average. About 7,898 shares traded. The 10% Owner disposed these shares by way of transaction on January 04, 2017. It has underperformed by 9.89% the S&P500.

Returns and Valuations for Omnicom Group Inc. (NASDAQ:MYRG) by 37,000 shares to 130,400 shares, valued at $3.80 million in 2017Q3, according to the filing. The total number of shares traded in the last 90-day period is 2,500.

Investors sentiment decreased to 1.03 in Q3 2017. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.76%.

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Several large investors have recently bought and sold shares of PRGS. 37 funds opened positions while 61 raised stakes. Ubs Asset Mgmt Americas Incorporated has invested 0% of its portfolio in Progress Software Corporation (NASDAQ:PRGS). The 8 months bullish chart indicates low risk for the $2.46B company. Thrivent For Lutherans accumulated 244,912 shares. Point72 Asia (Hong Kong) Ltd stated it has 1,405 shares or 0.04% of all its holdings. Nationwide Fund Advsrs accumulated 187,822 shares or 0.03% of the stock. The shares of Sea Limited (NYSE:SE), has jumped by 6.75% year to date as of 01/11/2018. Goldman Sachs, New York-based fund reported 182,123 shares. EPZM's SI was 5.66M shares in January as released by FINRA.

Progress Software Corporation (NASDAQ:PRGS) has a market cap of $2.39 billion and over the last 12 months, PRGS has risen by 59.31%. After this sale, 5,807,017 common shares of PRGS are directly owned by the insider, with total stake valued at $293,544,709. Rock Springs Cap L P holds 1.35M shares or 1.19% of its portfolio. Ls Advisors Lc invested 0.01% in Progress Software Corporation (NASDAQ:PRGS). One Natl Association has 112,068 shares for 0.34% of their portfolio. Strs Ohio stated it has 0% of its portfolio in Progress Software Corporation (NASDAQ:PRGS). PRGS's profit will be $25.81 million for 20.24 P/E if the $0.54 EPS becomes a reality.

Shares of Progress Software (NASDAQ:PRGS) opened at 28.45 on Tuesday. Therefore 33% are positive. The company's quarterly revenue was down 1.4% compared to the same quarter last year. research analysts predict that Progress Software will post 1.65 earnings per share for the current year. The firm earned "Buy" rating on Friday, January 15 by Benchmark. The rating was downgraded by Ladenburg Thalmann on Tuesday, September 13 to "Neutral". Benchmark reiterated a "buy" rating and issued a $47.00 target price (up previously from $42.00) on shares of Progress Software in a research report on Tuesday, January 2nd. The rating was maintained by Benchmark on Wednesday, January 18 with "Buy". Wedbush maintained the shares of PRGS in report on Friday, June 24 with "Neutral" rating. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. A 1 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of (NASDAQ:PRGS) or, if they already own its stock, sell it. Therefore 38% are positive. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Chandoha Marie A had sold 7,000 shares worth $319,150 on Thursday, October 26. The rating was maintained by Benchmark with "Buy" on Wednesday, January 18. As per Wednesday, August 31, the company rating was downgraded by Dougherty & Company. The stock of Whirlpool Corporation (NYSE:WHR) has "Buy" rating given on Thursday, September 7 by RBC Capital Markets.

The collective rating of 1.5 for TG Therapeutics, Inc. They issued a neutral rating and a $34.00 target price on the stock.


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