The Company's OpenEdge segment offers Progress OpenEdge, a development software, which manufactures multi-language applications for secure deployment across various platforms and devices, as well as cloud; and Progress Corticon, a business rules management system that enables applications with decision automation and change process, and decision-related insight capabilities. Analysts have a mean recommendation of 2.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 33% are positive. Progress Software Corporation had a positive return on equity of 13.46% and a negative net margin of 13.75%. As per Wednesday, January 11, the company rating was maintained by Shore Capital. The stock has "Neutral" rating by Wedbush on Friday, June 24. The stock of Progress Software Corporation (NASDAQ:PRGS) has "Buy" rating given on Tuesday, January 2 by Benchmark. As per Wednesday, January 18, the company rating was maintained by Wedbush. The company was maintained on Wednesday, January 18 by Benchmark. Of those insider trades, 0 shares of Progress Software Corporation were purchased and 2,500 shares were sold. Finally, Wedbush restated a neutral rating and set a $32.00 price objective on shares of Progress Software in a research note on Monday, September 18th. The firm has "Buy" rating given on Friday, January 15 by Benchmark.
Institutional investors now hold around $1.96 billion or 96.3% in PRGS stock. Its down 0.35, from 1.49 in 2017Q2.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PRGS. 37 funds opened positions while 61 raised stakes. BlackRock Fund Advisors now owns 3,515,392 shares of the company's stock valued at $95,619,000 after buying an additional 198,695 shares during the last quarter. More interesting news about Progress Software Corporation (NASDAQ:PRGS) was released by: Nasdaq.com and their article: "Progress Software Corporation (PRGS) Ex-Dividend Date Scheduled for November ..." with publication date: November 29, 2017.
Progress Software Corporation is a global software company. Loomis Sayles Limited Partnership invested 0% in Progress Software Corporation (NASDAQ:PRGS). Progress Software Corporation has $47.0 highest and $24 lowest target. The stock grabbed 34 new institutional investments totaling 2,252,558 shares while 26 institutional investors sold out their entire positions totaling 1,067,854 shares. Whittier Tru reported 0.3% in The Charles Schwab Corporation (NYSE:SCHW). Ameriprise stated it has 0.01% of its portfolio in Progress Software Corporation (NASDAQ:PRGS). Riverhead Capital Management LLC lifted its position in Progress Software by 76.5% in the second quarter. Morgan Stanley invested in 346,931 shares or 0% of the stock. Amalgamated Bancorporation invested 0.01% in Progress Software Corporation (NASDAQ:PRGS).
Fj Capital Management Llc decreased Capstar Finl Hldgs Inc stake by 106,700 shares to 127,000 valued at $2.49M in 2017Q3. $2.61M worth of eBay Inc. Those institutional holdings amount to $1.96 billion. Caci International Inc (NYSE:CACI) was raised too. Progress Software Corporation has had 1 insider trades in the last 3 months, including 0 open market buys and 1 sells. During the same period in the previous year, the business earned $0.62 earnings per share. research analysts predict that Progress Software Co. will post 1.65 earnings per share for the current year. IOTS's profit would be $422,779 giving it 82.50 P/E if the $0.02 EPS is correct. The company's quarterly revenue was down 1.4% on a year-over-year basis. research analysts anticipate that Progress Software will post 1.65 earnings per share for the current year.
Investors sentiment decreased to 1.14 in Q3 2017. Its up 0.12, from 0.89 in 2017Q2. Walleye Trading Limited Com reported 5,038 shares. Seizert Partners Ltd Liability has invested 0.03% in Coastway Bancorp, Inc. Deutsche Bank Ag stated it has 16,172 shares or 0% of all its holdings. Bb&T Ltd stated it has 0% in Epizyme, Inc. Schwerin Boyle Cap Incorporated has invested 0.36% in eBay Inc. (NASDAQ:EPZM). State Street Corp has invested 0% in Epizyme, Inc. (NASDAQ:EPZM) for 17,813 shares. Natixis, France-based fund reported 6,743 shares. Bankshares Of Mellon Corporation owns 828,818 shares. Mutual Of America Cap Mngmt Lc owns 2,055 shares or 0% of their U.S. portfolio. Connor Clark Lunn Mngmt holds 0% or 17,525 shares. It also reduced Cabot Oil & Gas Corp (NYSE:COG) stake by 567,100 shares and now owns 347,392 shares. Earnings, adjusted for non-recurring costs and stock option expense, were 67 cents per share. Phocas Financial invested in 0.59% or 186,394 shares. The New York-based Spark Management Ltd Liability Company has invested 0.01% in Coastway Bancorp, Inc.
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