Tuesday, 16 October, 2018

Progress Software (PRGS) Sees Unusually-High Trading Volume on Strong Earnings

Russell Knight | 13 January, 2018, 22:37

Progress Software Corporation (NASDAQ:PRGS) major shareholder Praesidium Investment Manageme sold 100,000 shares of the stock in a transaction that occurred on Friday, February 3rd. The 1-year high was reported on Jan, 13 by Barchart.com. If the $53.37 PT is reached, the company will be worth $98.16 million more. It closed at $0.006 lastly. The stock increased 1.01% or $0.38 during the last trading session, reaching $37.97.

Analysts await Progress Software Corporation (NASDAQ:PRGS) to report earnings on January, 15. It has underperformed by 16.70% the S&P500. Benchmark restated a "buy" rating and issued a $47.00 price target (up from $42.00) on shares of Progress Software in a research note on Tuesday, January 2nd. During the same quarter in the prior year, the business earned $0.53 earnings per share. PRGS's profit will be $25.82M for 23.76 P/E if the $0.54 EPS becomes a reality.

Progress Software Corporation (NASDAQ:PRGS)'s market cap, the total dollar value of all of their outstanding shares, is 2400.17m. Progress Software updated its Q1 guidance to $0.46-0.48 EPS and its FY18 guidance to $2.29-2.35 EPS. Therefore 33% are positive. During the last 52 weeks, the price has been as high as $44.36 and as low as $27.16. This metric reflects the average amount a stock's price has differed from the mean over a period of time. Progress Software had a net margin of 11.48% and a return on equity of 11.42%. The stock is a Buy among 0 brokerage firms polled by Factset Research. As per Wednesday, January 11, the company rating was maintained by Shore Capital. Wedbush maintained the shares of PRGS in report on Wednesday, January 18 with "Neutral" rating. Benchmark maintained it with "Buy" rating and $31 target in Monday, January 18 report. ValuEngine downgraded Progress Software from a "buy" rating to a "hold" rating in a report on Friday, December 1st. The firm has "Neutral" rating by Wedbush given on Friday, October 2. Wedbush maintained the stock with "Neutral" rating in Friday, June 24 report.

Investors sentiment decreased to 0.73 in 2017 Q3. This represents a $0.50 annualized dividend and a dividend yield of 1.79%. University of Notre Dame DU Lac raised its position in Progress Software by 2.5% in the 3rd quarter. 85,503 are held by Choate Invest. Public Employees Retirement Association Of Colorado has invested 0% of its portfolio in Progress Software Corporation (NASDAQ:PRGS). Investors of record on Thursday, March 1st will be paid a $0.14 dividend. Progress Software Corp now has $2.39B valuation. Seizert Partners Ltd Liability has invested 0.03% in Coastway Bancorp, Inc. Amalgamated Bank acquired a new stake in Progress Software during the second quarter valued at approximately $206,000. The company's institutional ownership is monitored at 96.3 percent.

Progress Software Corporation provides software solutions for various industries worldwide. The insider, MARK MICHAEL, now holds 211,036 shares of PRGS. Rhumbline Advisers accumulated 101,785 shares. The correct version of this piece of content can be viewed at https://www.thelincolnianonline.com/2018/01/12/california-state-teachers-retirement-system-lowers-position-in-progress-software-co-prgs.html. This public company's current market capitalization stands at $2.39 billion.

Ironwood Investment Management Llc decreased its stake in Progress Software Corp (PRGS) by 84.74% based on its latest 2017Q3 regulatory filing with the SEC. The companyƂ's Data Connectivity and Integration segment provides Progress DataDirect Connect software, which offers data connectivity using industry-standard interfaces to connect applications running on various platforms; and Progress DataDirect Cloud, a software-as-a-service based connection management service that simplifies SQL access to a spectrum of cloud data sources through a single standards interface.

Comcast Corporation (NASDAQ:CMCSA) Shares Sold by ZWJ Investment Counsel Inc
Addenda Capital Inc decreased Danaher Corp Del (NYSE:DHR) stake by 13,822 shares to 50,365 valued at $4.33M in 2017Q3. Telsey Advisory Group maintained Comcast Corporation (NASDAQ:CMCSA) on Tuesday, January 24 with "Outperform" rating.

United Services Automobile Association Has $6356000 Stake in ConAgra Foods Inc. (CAG)
This company shares are 11.55% off its target price of $41.71 and the current market capitalization stands at $15.23B. (NYSE:CAG). The company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.52 by $0.03.

Antonio Brown is questionable
Brown set an National Football League record with 100-plus receptions in five consecutive seasons, including 101 this season. Brown suffered the calf injury early in the December 17 loss to New England and missed the two subsequent games.

Ratings analysis reveals 25% of Texas Roadhouse's analysts are positive. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company.

The average 1-year price target for TG Therapeutics, Inc. The rating was maintained by Wedbush with "Neutral" on Thursday, October 20. The stock of Texas Roadhouse, Inc. The rating was maintained by Needham with "Buy" on Monday, September 18. EPS ratio determined by looking at last 12 month figures is -1.08. About 8.70M shares traded. eBay Inc. It is down 0.00% since January 13, 2017 and is.

Since August 24, 2017, it had 1 insider purchase, and 3 insider sales for $2.32 million activity. Riverhead Management Ltd Llc holds 4,172 shares or 0.01% of its portfolio. Jpmorgan Chase & holds 1.56M shares. The United Kingdom-based Ardevora Asset Management Llp has invested 1.06% in the stock.

Great West Life Assurance Com Can reported 66,542 shares.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Recommended

Moscow: Trump would make 'big mistake' by leaving Iran deal Moscow: Trump would make 'big mistake' by leaving Iran deal Had Trump made a decision to re-impose sanctions on Iran, it would have been a violation of the nuclear deal. Trump signed a waiver keeping the USA sanctions that would scuttle the deal suspended for another 120 days.

Five keys to a Patriots victory over the Titans Five keys to a Patriots victory over the Titans Even at the age of 40, Brady is the best in the league and his focus, hunger and desire for success doesn't seem to fade away. I talked to current Titans radio analyst Dave McGinnis this week about the game. "I'm just trying to play better every week".

Man Utd's Mourinho has "contempt" for Chelsea's Conte Man Utd's Mourinho has Nothing riles Jose Mourinho more these days than current comparisons between himself and his soaring City rival Pep Guardiola. We use cookies to give you the best experience on our website and bring you more relevant advertising.

Has $13.02 Million Holdings in Interpublic Group of Companies Inc (NYSE:IPG) Argentiere Cap Ag invested in 171,240 shares or 0.51% of the stock. 350 were accumulated by Washington State Bank. (NASDAQ:PEGI). Wall Street is only getting more bullish on the stock, with 9 of analysts who cover IPG having a buy-equivalent rating.

Rollable OLED, Micro LED Wall Are CES Display Tech Standouts Rollable OLED, Micro LED Wall Are CES Display Tech Standouts Called "The Wall", the 146-inch 4K TV uses Samsung's Cinema Screen technology, which is designed for movie theatres. Samsung Electronics on Monday introduced "The Wall", the world's first modular microLED television.

CES show in Las Vegas draws big names from Silicon Valley CES show in Las Vegas draws big names from Silicon Valley Attendees attempt to enter Central Hall through exit doors at CES in Las Vegas on Wednesday, Jan. 10th, 2018. Young woman plays violin to entertain attendees at the Intel booth during #CES2018 blackout.

Terrifying false alarm interrupts NBC Premier League broadcast in Hawaii People in Hawaii panicked when they got an emergency alert on their phones warning of an incoming ballistic missile threat . This video captures the moment the alert broke through regular television programming and urged listeners to seek shelter.

Were Analysts Bullish The Goldman Sachs Group, Inc. (NYSE:GS) This Week? Were Analysts Bullish The Goldman Sachs Group, Inc. (NYSE:GS) This Week? Analysts anticipate that Goldman Sachs Group, Inc. will post $19.13 earnings per share for the current year. ( NYSE :GS). The investment management company reported $5.02 EPS for the quarter, beating the consensus estimate of $4.17 by $0.85.

Keep off state's education system, J&K Minister tells army Keep off state's education system, J&K Minister tells army India shares a 3,323-km border with Pakistan, of which 221 km of the IB and 740 km of the LoC fall in Jammu and Kashmir . They do their job well, all problem will be solved", Bukhari added.

US issues ultimatum to 'fix' Iran nuclear deal US issues ultimatum to 'fix' Iran nuclear deal Trump has argued behind the scenes that the nuclear deal makes the United States look weak, a senior USA official said. Mr Trump has repeatedly criticised the accord, while Iran has accused the United States of failing to comply with it.

YouTube Execs on Logan Paul Scandal: "Actions Should Speak Louder Than Words" YouTube Execs on Logan Paul Scandal: There was an immediately backlash of public outrage, and though the video was quickly taken down, the damage was done. When pressed about whether this was just a cooling off period, Kyncl dodged the topic of future projects with Paul.

Baxter International (NYSE:BAX) Stock Rating Upgraded by JPMorgan Chase & Co Balentine LLC now owns 3,176 shares of the company's stock worth $144,000 after buying an additional 356 shares during the period. M&R accumulated 15,427 shares or 0.23% of the stock. 494,250 were accumulated by Connor Clark Lunn Invest Management.

Dark Souls remaster coming to PC, XO, PS4, and Switch Those who play the game on PlayStation 4 Pro, Xbox One X or PC will be able to take advantage of 4K resolution with 60fps. Why all the resolution talk? Dark Souls originally launched in 2011 and became somewhat of a sensation upon release.

Pablo Fornals Scores Late as Villarreal Beats Real Madrid 1-0 Pablo Fornals Scores Late as Villarreal Beats Real Madrid 1-0 The host had most of the chances under steady rain, but Villarreal also threatened a few times before Fornals found the net. Modric fired high of the Villarreal crossbar in the 80th minute as another good chance came and went for the home side.

Vuzix Making Alexa-Enabled Smart Glasses, to Debut at CES 2018 Vuzix Making Alexa-Enabled Smart Glasses, to Debut at CES 2018 A new initiative announced in the framework of the exhibition electronics CES 2018, taking place in Las Vegas (NV, USA). Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in Rochester, NY, Oxford, UK and Tokyo, Japan.