25 August 2018 – By Winifred Garcia
Investor sentiment increased to 1.57 in Q1 of 2018. It is 0.62 higher, from 0.95 in 2017Q4. It improved as 13 investors sold shares of Progress Software Corporation, while 68 companies had fewer. 63 funds opened positions while 64 made higher bets. 40.00 million shares or 3.01% less of 41.24 million shares in 2017Q4 were reported.
Chicago Equity Partners Ltd invested in 0.3% or 243,632 shares. Koch Industries has 10,960 shares. Apg Asset Nv holds 85,800 shares or 0.01% of their American portfolio. 30.168 are held by Pub Sector Pension Investment Board. Alpha Windward Limited Liability invested in 10,500 shares. Teacher Retirement Sys Of Texas holds 9,525 shares. Cornercap Investment Counsel Inc invested 0.12% of its portfolio in Progress Software Corporation (NASDAQ: PRGS). Tensile Cap Lc stated that it has 263,856 shares or 1.52% of all its positions. Adams Diversified Equity Fund Inc. has invested 0.04% in Progress Software Corporation (NASDAQ: PRGS). Td Asset Management holds 0.01% of its portfolio in Progress Software Corporation (NASDAQ: PRGS) for 85,700 shares. Aperio Group Inc. Limited Liability Company reported 0% in Progress Software Corporation (NASDAQ: PRGS). 528,132 were collected by Schwab Charles Investment Mgmt Incorporated. Great West Life Assurance 0.01% of its portfolio can be invested in Progress Software Corporation (NASDAQ: PRGS). Legal & General Group Plc added 95,137 shares or 0% of the shares. Wells Fargo Company Mn has 75,095 shares for 0% of their portfolio.
Since April 19, 2018 it had 0 purchases and 1 insider sale for $ 492,819 activity.
Analysts expect Progress Software Corporation (NASDAQ: PRGS) to report $ 0.50 per September on September 26. They expect a change of $ 0.09 in earnings per share or 21.95% against earnings per share of $ 0.41 in the previous quarter. The profit of PRGS would be $ 22.51M, which would generate 20.30 P / E if the $ 0.50 EPS is correct. Having previously received $ 0.50 EPS, Progress Software Corporation analysts are seeing a growth of 0.00% EPS. The shares rose by 2.53% or $ 1 during the last trading session and reached $ 40.6. Approximately 252,637 shares traded. Progress Software Corporation (NASDAQ: PRGS) has increased by 26.59% since 25 August 2017 and is on the rise. It surpassed the S & P500 with 14.02%.
Progress Software Corporation (NASDAQ: PRGS) valuation coverage
Of the 2 analysts for Progress Software Corp. (NASDAQ: PRGS), 0 have a rating for buying, 0 selling and 2 holding. Therefore, 0 are positive. Progress Software Corp had 3 analyst reports since March 8, 2018 according to SRatingsIntel. The stock of Progress Software Corporation (NASDAQ: PRGS) has the "Hold" rating on Thursday, March 29 by Wedbush. The rating was upgraded by Benchmark to "Hold" on Thursday, June 28. The company was lowered by Benchmark on 8 March.
Progress Software Corporation offers software solutions for various industries around the world. The company has a market capitalization of $ 1.83 billion. The company's OpenEdge segment offers Progress OpenEdge, a development software that produces multilingual applications for secure deployment on different platforms and devices, as well as in the cloud; and Progress Corticon, a management system for business rules that enables applications with decision automation and change processes, and decision-related insight possibilities. It has a 34.38 P / E ratio. The enterprise's Data Connectivity and Integration segment provides Progress DataDirect Connect software, which provides data connectivity using standard interfaces to connect applications on different 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 via a single standard interface.
Another recent and important Progress Software Corporation (NASDAQ: PRGS) news was published by Globenewswire.com, which published an article entitled "Report: Research on fundamental factors behind Cal-Maine Foods, Enersys, Progress Software, Carvana, SendGrid and … "on August 3, 2018.
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By Winifred Garcia