Economy

Progress Software Corporation (PRGS) Lifted to Buy at BidaskClub

Progress Software Corporation (PRGS) Lifted to Buy at BidaskClub”

Force Capital Management Llc acquired 51,801 shares as Autonation Inc (AN)'s stock declined 16.96%. The Mayo Investment Advisers Llc holds 22,500 shares with $1.91 million value, down from 27,750 last quarter. The stock increased 0.84% or $0.28 on September 8, reaching $33.7. About 288,672 shares traded. Science Applications International Corp (NYSE:SAIC) has risen 37.99% since September 11, 2016 and is uptrending. The stock of Progress Software Corporation (NASDAQ:PRGS) has "Buy" rating given on Wednesday, January 18 by Benchmark. The company now has an average rating of Hold and a consensus target price of $32.25.

About 283,217 shares traded. Progress Software Corporation (NASDAQ:PRGS) has risen 15.05% since September 11, 2016 and is uptrending. It has underperformed by 1.65% the S&P500.

Investors sentiment decreased to 0.93 in Q4 2016. Its the same as in 2016Q3.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Netols Asset Management, Inc. cut its position by shedding 60,956 shares a decrease of 28.8% as of 03/31/2017. (NYSE:AN) for 50,279 shares. At present, 0 analysts call it Sell, while 3 think it is Hold. Hsbc Public Limited reported 11,485 shares or 0% of all its holdings. Capstone Asset Com has 0.01% invested in Progress Software Corporation (NASDAQ:PRGS). Progress Software Corporation earned a coverage optimism score of 0.17 on Accern's scale. Calvert Inv Management reported 2,421 shares. Netols Asset invested in 211,517 shares. Credit Agricole S A has invested 0.02% in AutoNation, Inc. Blackrock holds 11,369 shares. Moreover, Hartford Mgmt Company has 0.01% invested in AutoNation, Inc. Natixis Asset Mngmt reported 0.03% stake. Renaissance holds 106,400 shares. It also reduced Istar Inc (NYSE:STAR) stake by 200,635 shares and now owns 244,170 shares. Ruffer Llp sold 7,000 shares as Pepsico Inc (PEP)'s stock rose 5.12%. The value of the position overall is up by 2.0%.

Among 15 analysts covering Calpine Corporation (NYSE:CPN), 5 have Buy rating, 0 Sell and 10 Hold. Therefore 50% are positive. The stock of PepsiCo, Inc. The firm has "Hold" rating given on Monday, November 2 by Deutsche Bank. The rating was downgraded by Ladenburg Thalmann to "Neutral" on Tuesday, September 13. The company was upgraded on Tuesday, July 28 by Sterne Agee CRT. The ex-dividend date of this dividend is Wednesday, August 30th. S&P Research maintained the stock with "Hold" rating in Wednesday, October 7 report. The stock increased 2.11% or $0.71 during the last trading session, reaching $34.41. Days to cover decreased from 3.2 to 2.0 and the short interest percentage is 0.02% as of August 15. Stockholders of record on Friday, September 1st will be given a $0.125 dividend. Progress Software Corporation has a 52 week low of $25.55 and a 52 week high of $34.63.

Investors studying the fundamentals might be conducting in-depth company research before deciding when to purchase a particular stock. Kbc Group Nv invested in 0% or 13,129 shares. Progress Software Corporation had a negative net margin of 13.96% and a positive return on equity of 18.10%. Progress Software Corporation's payout ratio is now -42.74%. Great Lakes Advsrs Lc, Illinois-based fund reported 49,349 shares. New Jersey-based Prudential Financial Incorporated has invested 0.01% in Progress Software Corporation (NASDAQ:PRGS). Bnp Paribas Arbitrage holds 0% or 9,573 shares in its portfolio. State Teachers Retirement Systems invested in 150,015 shares. Morgan Stanley invested in 546,970 shares. They expect $0.36 EPS, up 12.50% or $0.04 from last year's $0.32 per share. PRGS's profit would be $17.37 million giving it 23.90 P/E if the $0.36 EPS is correct. The software maker reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.05. Progress Software Corporation has a current ERP5 Rank of 4244.

Investors will be trying to gauge which way stock market momentum will shift as we head into the close of the calendar year. The Company operates through three segments: OpenEdge, Data Connectivity and Integration (DCI), and Application Development and Deployment (AppDev).

Currently, the stock carries a price to earnings ratio of 33.98, a price to book ratio of 5.98, and a price to sales ratio of 2.46. The OpenEdge business segment provides the product enhancements and marketing support to its partner base.

BidaskClub upgraded shares of Progress Software Corporation (NASDAQ:PRGS) from a hold rating to a buy rating in a report issued on Thursday, August 24th. Equities research analysts forecast that Progress Software Corporation will post $1.77 earnings per share for the current fiscal year. Wedbush maintained Progress Software Corporation (NASDAQ:PRGS) on Wednesday, January 18 with "Neutral" rating. The stock has "Buy" rating by Benchmark on Monday, January 18. Wedbush maintained it with "Neutral" rating and $24 target in Friday, June 24 report. Benchmark maintained the stock with "Buy" rating in Friday, January 15 report. The firm has "Buy" rating given on Tuesday, June 14 by Citigroup.

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