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.

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



Like this

loading...
loading...

Latest


12 September 2017
Dr. Weber on CheckMate-238 for Melanoma
He also says that more studies are needed to examine why some patients relapse following treatment and others do not. Please see the abstract for a list of all researchers' relevant financial disclosures .

12 September 2017
The best way to watch Apple's iPhone 8 event without Safari
The company is expected to announce three new iPhones, including a special high-end version that could cost upwards of $1,000. Even if Apple crushes rivals like Fitbit Inc and Garmin in smart watch sales, Apple remains the iPhone company.

12 September 2017
Hurricane Irma a weak Cat 1 east of Cedar Key
By 5 p.m., the storm was hitting Fort Myers, moving north toward low-lying, vulnerable Tampa as a still-potent Category 2 storm. Residents around the state cleared out store shelves, grabbing the essentials as they prepared for the incoming weather.

12 September 2017
Oklahoma moves up to No. 2 in AP poll behind Alabama
The Buckeyes did extend their streak of 41 polls ranked in the top 10, which dates back to the November 9, 2014. The Fighting Irish of Notre Dame dropped out of the AP college football poll after just one week in the polls.

12 September 2017
Governor Nathan Deal to hold press conference on Hurricane Irma
Georgia's coast hasn't suffered a direct landfall from a major hurricane since 1898, and Irma looked unlikely to snap that streak. Irma's center is forecast to enter southern Georgia far inland Monday and plow northward as a tropical storm or depression.

12 September 2017
Myanmar accused of laying mines, causing Rohingya injuries
The comments were captured on video at the airport in the Indian hill town of Dharamsala, where he has lived in exile for decades. However, Zaw Htay, the spokesman for State Counselor Aung San Suu Kyi , told CNN the government would not be accepting the offer.

12 September 2017
New CBA for W-League players
The FFA, the PFA, and players from each team had formed a "Working Party" in September 2016 to work toward an agreement. The two-year deal marks a considerable step-up from two seasons ago when there was no minimum salary in the league.

12 September 2017
Analysts' Views: JA Solar Holdings (JASO)
According to the analysts, JA Solar Holdings (NASDAQ: JASO ) is expected to announce $0.19/share EPS for the current quarter. In terms of Buy, Sell or Hold recommendations, JA Solar Holdings (NASDAQ: JASO ) has analysts' mean recommendation of 3.

12 September 2017
Honda Urban EV Concept previews all-electric supermini at Frankfurt 2017
A so-called floating dashboard console houses the steering wheel column, a set of simple control buttons and a panoramic screen. It's also relatively low, wide and squat, and Honda says it's 100mm shorter than the Jazz, making it around 3.9m long.

12 September 2017
Gambia Threaten WAFU Boycott Over Controversial Penalty For Ghana
On Sunday, Senegal take on Liberia in their eliminator, at the Cape Coast Stadium followed in the evening by a clash between Burkina Faso and Niger.