Progress Software program Co. (NASDAQ:PRGS – Get Score) CEO Yogesh Okay. Gupta bought 5,000 shares of the corporate’s inventory in a transaction dated Wednesday, September twenty first. The shares have been bought at a median worth of $43.87, for a complete transaction of $219,350.00. Following the completion of the sale, the chief government officer now immediately owns 65,000 shares of the corporate’s inventory, valued at roughly $2,851,550. The sale was disclosed in a submitting with the Securities & Trade Fee, which is obtainable on the SEC web site.
Progress Software program Inventory Down 0.5%
PRGS inventory traded down $0.22 throughout noon buying and selling on Thursday, reaching $43.00. 293,195 shares of the corporate have been exchanged, in comparison with its common quantity of 310,391. The corporate has a debt-to-equity ratio of 1.65, a fast ratio of 1.25 and a present ratio of 1.25. Progress Software program Co. has a 1-year low of $41.68 and a 1-year excessive of $53.99. The inventory’s 50-day easy shifting common is $47.03 and its 200-day easy shifting common is $46.80. The corporate has a market cap of $1.87 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 6.24 and a beta of 1.00.
Progress Software program (NASDAQ:PRGS – Get Score) final launched its quarterly earnings knowledge on Tuesday, June twenty eighth. The software program maker reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. Progress Software program had a internet margin of 16.42% and a return on fairness of 41.13%. The corporate had income of $148.70 million for the quarter, in comparison with analysts’ expectations of $146.45 million. Throughout the identical quarter final yr, the corporate earned $0.67 earnings per share. The agency’s income for the quarter was up 15.1% on a year-over-year foundation. On common, equities analysts forecast that Progress Software program Co. will publish 3.47 earnings per share for the present yr.
Progress Software program Dividend Announcement
The agency additionally lately introduced a quarterly dividend, which was paid on Thursday, September fifteenth. Stockholders of file on Thursday, September 1st have been issued a $0.175 dividend. The ex-dividend date was Wednesday, August thirty first. This represents a $0.70 dividend on an annualized foundation and a dividend yield of 1.63%. Progress Software program’s payout ratio is 32.56%.
Hedge Funds Weigh In On Progress Software program
Plenty of institutional traders have lately modified their holdings of PRGS. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a brand new place in shares of Progress Software program within the 1st quarter valued at $85,000. SG Americas Securities LLC bought a brand new place in Progress Software program within the 1st quarter valued at $108,000. Simplex Buying and selling LLC grew its place in Progress Software program by 139.2% within the 1st quarter. Simplex Buying and selling LLC now owns 2,383 shares of the software program maker’s inventory valued at $112,000 after shopping for an extra 8,469 shares over the past quarter. Penserra Capital Administration LLC grew its place in Progress Software program by 50.0% within the 1st quarter. Penserra Capital Administration LLC now owns 2,622 shares of the software program maker’s inventory valued at $123,000 after shopping for an extra 874 shares over the past quarter. Lastly, Captrust Monetary Advisors grew its place in Progress Software program by 75.1% within the 1st quarter. Captrust Monetary Advisors now owns 3,525 shares of the software program maker’s inventory valued at $166,000 after shopping for an extra 1,512 shares over the past quarter. 98.90% of the inventory is owned by institutional traders and hedge funds.
Analyst Rankings Adjustments
A number of analysis analysts have weighed in on PRGS shares. StockNews.com lowered shares of Progress Software program from a “strong-buy” ranking to a “purchase” ranking in a analysis be aware on Friday, September ninth. Jefferies Monetary Group started protection on shares of Progress Software program in a analysis be aware on Friday, September ninth. They issued a “maintain” ranking and a $52.00 goal worth for the corporate. Oppenheimer decreased their goal worth on shares of Progress Software program from $60.00 to $53.00 and set an “outperform” ranking on the inventory in a report on Wednesday, June twenty ninth. Wedbush reaffirmed an “outperform” ranking on shares of Progress Software program in a report on Wednesday, June twenty ninth. Lastly, Guggenheim started protection on shares of Progress Software program in a report on Friday, August twelfth. They issued a “purchase” ranking and a $60.00 goal worth on the inventory. Two equities analysis analysts have rated the inventory with a maintain ranking and 5 have assigned a purchase ranking to the corporate’s inventory. In line with MarketBeat.com, Progress Software program has a consensus ranking of “Average Purchase” and a median goal worth of $55.40.
About Progress Software program
Progress Software program Company develops, deploys, and manages enterprise purposes. The corporate presents OpenEdge, a improvement software program, which builds multi-language purposes for safe deployment throughout varied platforms and gadgets, in addition to cloud; developer instruments that include parts for person interface improvement for Net, cellular, desktop, chat, and AR/VR apps, in addition to automated utility testing and reporting instruments; Sitefinity, an internet content material administration and buyer analytics platform; Corticon, a enterprise guidelines administration system that gives purposes with choice automation and alter course of, and decision-related perception capabilities.
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