Consensus Estimates and Trading Data for Progress Software Corporation (PRGS)

Evarado Alatorre
Enero 13, 2018

The business had revenue of $118 million for the quarter, compared to the consensus estimate of $123.51 million. This public company's current market capitalization stands at $2.39 billion. About 770,594 shares traded or 135.50% up from the average.

More important recent Progress Software Corporation (NASDAQ:PRGS) news were published by: Benzinga.com which released: "Earnings Outlook For Progress Software" on January 10, 2018, also Businesswire.com published article titled: "Progress Software Announces Details for Fiscal Fourth Quarter and 2017 ...", Fool.com published: "Progress Software Corporation (PRGS) Q4 2017 Earnings Conference Call Transcript" on January 11, 2018.

Amarillo National Bank increased its stake in J.P. Morgan Chase & Co Com (JPM) by 19.64% based on its latest 2017Q3 regulatory filing with the SEC.

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The stock's 50-day average volume has been 333,698 shares, with an average of 100% of medium term indicators pointing toward Buy. The number of shares now owned by investors are 122.37 mln. The total number of shares traded in the last 12 months is 235,592. 195.75 million shares or 4.13% more from 187.99 million shares in 2017Q2 were reported. (NYSE:JPM) has risen 33.74% since January 12, 2017 and is uptrending. It has outperformed by 75.15% the S&P500. Acadian Asset Management LLC bought a new stake in Progress Software during the third quarter valued at approximately $4,986,000. 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 1.03 in Q3 2017. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.76%. The fund owned 76,208 shares of the software maker's stock after selling 8,232 shares during the quarter. 13 funds opened positions while 41 raised stakes. Baker Bros Advisors Limited Partnership owns 232,481 shares for 0.04% of their portfolio. Principal Gp invested in 0.01% or 375,857 shares. Regions Financial Corporation accumulated 31,209 shares. 12,126 were accumulated by Cubist Systematic Strategies Limited Liability Corporation. Oracle Invest reported 369,403 shares. New York State Teachers Retirement System holds 149,515 shares. Louisiana State Employees Retirement System has invested 0.04% in Progress Software Corporation (NASDAQ:PRGS). Eaton Vance invested in 90,085 shares or 0.01% of the stock. Praesidium Inv Management Ltd Company invested in 13.27% or 4.26 million shares. The United Kingdom-based Barclays Public has invested 0% in Progress Software Corporation (NASDAQ:PRGS). 6,100 are held by Prelude Management Limited Liability Corp. Voya Invest Management Llc holds 23,173 shares. Rhumbline Advisers accumulated 101,785 shares. A 1 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of (NASDAQ:PRGS) or, if they already own its stock, sell it. Therefore 92% are positive. Progress Software Corporation had 11 analyst reports since October 2, 2015 according to SRatingsIntel. The company was maintained on Monday, January 18 by Benchmark. As per Friday, June 24, the company rating was maintained by Wedbush. The company was maintained on Friday, June 24 by Wedbush. Jefferies maintained the stock with "Buy" rating in Monday, January 8 report. The insider now holds 83,502 shares of Progress Software Corporation (PRGS). Benchmark maintained the stock with "Buy" rating in Friday, January 15 report. Finally, Wedbush restated a "neutral" rating and issued a $32.00 target price on shares of Progress Software in a research report on Monday, September 18th. On Tuesday, January 2 the stock rating was maintained by Canaccord Genuity with "Hold". One Natl Association has 112,068 shares for 0.34% of their portfolio. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. Therefore 53% are positive. Charles Schwab had 81 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has "Neutral" rating by Nomura on Wednesday, September 7. Walleye Trading Limited Liability holds 0% of its portfolio in Progress Software Corporation (NASDAQ:PRGS) for 5,038 shares. Also, the Hold rating count is 6 as of 01/11/18.

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