Key Investment Information
- Purpose: The 13F filing was used to track the buying and selling activities of a large hedge fund, as well as the purchase of shares by institutional investors.
- Raymond James Financial Inc. was a significant buyer of Progress Software Co. shares in the 4th quarter, with 236,877 shares purchased at an average price of $64.95.
- Other notable investors included Pacer Advisors Inc., Norges Bank, Arrowstreet Capital Limited Partnership, KLP Kapitalforvaltning AS, and Edgestream Partners L.P.
Analyst Ratings and Recommendations
| Analyst | Target Price | Ratings |
|---|---|---|
| Jefferies Financial Group | $70.00 | Hold |
| DA Davidson | $70.00 | Buy |
| Citigroup | $68.00 | Neutral |
| StockNews.com | Buy | Buy |
| Guggenheim | $83.00 | Buy |
Insider Activity and Ownership
- Insiders sold a total of 18,185 shares in the last 90 days, with a total value of $1,024,193.
- Corporate insiders own approximately 3.40% of the company.
- CAO Domenic Lococo sold 1,000 shares on February 3rd, while Ian Pitt sold 703 shares on April 4th.
Progress Software Co. Stock Performance
Shares of Progress Software Co. opened at $54.83 on Tuesday, with a 50-day moving average price of $55.75 and a 200-day moving average price of $61.48.
The company has a 52-week low of $48.00 and a 52-week high of $70.56.
The company’s debt-to-equity ratio is 3.48, while its current ratio is 0.81 and quick ratio is 0.81.
The company has a market cap of $2.36 billion, a PE ratio of 35.15, a price-to-earnings-growth ratio of 2.82, and a beta of 0.85.
Progress Software Co. Earnings Results
The company released its earnings results on March 31st, reporting $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.04.
The company’s revenue for the quarter was $238.02 million, a 28.9% increase compared to the same quarter last year.
About Progress Software Co.
Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally.
The company offers a range of products, including OpenEdge, Chef, Developer Tools, Kemp LoadMaster, and Sitefinity.
OpenEdge is an application development platform for running business-critical applications, while Chef is a DevOps/DevSecOps automation software.
Developer Tools consists of software development tooling collection, including.NET and JavaScript UI components for web, desktop, and mobile applications.
Sitefinity is a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers.
Expert Insights
Jefferies Financial Group raised their target price on Progress Software from $65.00 to $70.00 and gave the company a “hold” rating in a report on Monday, January 6th.
DA Davidson decreased their target price on Progress Software from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, April 14th.
Citigroup raised their target price on shares of Progress Software from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, January 17th.
StockNews.com downgraded shares of Progress Software from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 23rd.
Guggenheim restated a “buy” rating and set a $83.00 price target on shares of Progress Software in a report on Tuesday, April 1st.
Get the Latest Information
Want to see what other hedge funds are holding PRGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Progress Software Co.
Read the latest stock analysis on Progress Software at MarketBeat.
Get the latest information on Progress Software Co. stock at Yahoo Finance.
Stay up-to-date with the latest news and updates on Progress Software Co. stock at Bloomberg.
| Features | Description |
|---|---|
| OpenEdge | Application development platform for running business-critical applications |
| Chef | DevOps/DevSecOps automation software |
| Developer Tools | Software development tooling collection, including.NET and JavaScript UI components |
| Kemp LoadMaster | Application delivery and security product offering cloud-native, and virtual and hardware load balancers |
| Sitefinity | Digital experience platform foundation delivering intelligent and ROI-driving tools for marketers |
Frequently Asked Questions
Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally.
The company offers OpenEdge, Chef, Developer Tools, Kemp LoadMaster, and Sitefinity.
Jefferies Financial Group gave a “hold” rating, while DA Davidson set a “buy” rating.
Shares of Progress Software Co. opened at $54.83 on Tuesday.
The company has a market cap of $2.36 billion.
The company has a PE ratio of 35.15.
Frequently Asked Questions Continued
The company has a debt-to-equity ratio of 3.48.
The company has a current ratio of 0.81.
The company has a quick ratio of 0.81.
Conclusion
The stock market insights provided in this article offer a comprehensive overview of Progress Software Co. stock, including key investment information, analyst ratings, insider activity, stock performance, and more.
This article provides a detailed analysis of the company’s financials, products, and analyst ratings, offering investors a better understanding of the stock’s potential and risks.
In conclusion, Progress Software Co. is a leading developer and manager of business applications, offering a range of products and services to businesses and organizations worldwide.
Related Topics
Related stocks include:
- AST SpaceMobile
- Alphabet
Related stocks are often analyzed and compared to Progress Software Co. to provide a comprehensive overview of the stock market and its trends.
Investors can use this information to make informed decisions about their investments and stay up-to-date with the latest news and updates on Progress Software Co. stock.
Disclaimer
This article is for informational purposes only and should not be considered as investment advice. The author is not a financial advisor and does not have any affiliation with Progress Software Co. or any other company.
The information provided in this article is based on publicly available data and should not be relied upon as a substitute for professional advice.
References
Progress Software Co. 13F filing
HoldingsChannel.com
MarketBeat
Bloomberg
Progress Software Co. 13F Filing Reveals New Stake in PRGS
Major Investors Boost Stake in PRGS
- Pacer Advisors Inc. increased its position in Progress Software by 45,918.9% in the 4th quarter.
- Norges Bank bought a new position in Progress Software during the fourth quarter valued at approximately $9,699,000.
- Arrowstreet Capital Limited Partnership lifted its stake in Progress Software by 228.0% in the fourth quarter.
- KLP Kapitalforvaltning AS acquired a new position in shares of Progress Software during the 4th quarter worth $6,235,000.
- Edgestream Partners L.P. raised its holdings in shares of Progress Software by 208.7% during the 4th quarter.
Major Investors and Their Holdings
| Investor | Shares Owned | Market Value |
|---|---|---|
| Pacer Advisors Inc. | 1,143,110 shares | $74,474,000 |
| Norges Bank | New Position | $9,699,000 |
| Arrowstreet Capital Limited Partnership | 208,450 shares | $13,581,000 |
| KLP Kapitalforvaltning AS | New Position | $6,235,000 |
| Edgestream Partners L.P. | 106,819 shares | $6,959,000 |
Analyst Ratings and Recommendations
- Jefferies Financial Group raised their target price on Progress Software from $65.00 to $70.00 and gave the company a “hold” rating in a report on Monday, January 6th.
- DA Davidson decreased their target price on Progress Software from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, April 14th.
- Citigroup raised their target price on shares of Progress Software from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, January 17th.
- StockNews.com downgraded shares of Progress Software from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 23rd.
- Guggenheim restated a “buy” rating and set a $83.00 price target on shares of Progress Software in a report on Tuesday, April 1st.
Insider Activity and Ownership
- CAO Domenic Lococo sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 3rd.
- Ian Pitt sold 703 shares of the company’s stock in a transaction dated Friday, April 4th.
Insider Activity and Ownership Continued
- Insiders sold a total of 18,185 shares in the last 90 days, with a total value of $1,024,193.
- Corporate insiders own approximately 3.40% of the company.
Progress Software Co. is a well-established company with a strong product portfolio and a solid financial position.
However, the company’s growth prospects and competitive landscape are uncertain, and investors should exercise caution before making investment decisions.
The company’s valuation multiples appear to be reasonable, but investors should consider the company’s industry trends, regulatory environment, and macroeconomic factors before making investment decisions.
Investment Strategy
Investors should consider a long-term investment approach with a focus on understanding the company’s products, services, and financials.
It is essential to conduct thorough research and analysis before making investment decisions, and investors should consider seeking advice from financial professionals if needed.
Investors should also monitor the company’s progress and adjust their investment strategy as needed to ensure alignment with their investment objectives.
Conclusion
Progress Software Co. 13F filing
HoldingsChannel.com
MarketBeat
Bloomberg
Investing in Progress Software Co.
Key Insights
Based on the 13F filing and analyst ratings, Progress Software Co. due to the company’s uncertain growth prospects and competitive landscape.
However, the company’s strong product portfolio and solid financial position make it an attractive investment opportunity.
Investors should conduct thorough research and analysis before making investment decisions and consider seeking advice from financial professionals if needed.
Related Stocks
Related stocks include:
- AST SpaceMobile
- Alphabet
Related stocks are often analyzed and compared to Progress Software Co. stock.
Progress Software Co. Stock Analysis
Investment Strategy
Investors should consider a long-term investment approach with a focus on understanding the company’s products, services, and financials.
It is essential to conduct thorough research and analysis before making investment decisions, and investors should consider seeking advice from financial professionals if needed.
Investors should also monitor the company’s progress and adjust their investment strategy as needed to ensure alignment with their investment objectives.
Investor Sentiment
Investor sentiment towards Progress Software Co. is neutral, with a mix of bullish and bearish opinions.
Some investors are optimistic about the company’s growth prospects and competitive landscape, while others are cautious due to the company’s uncertain performance.
Conclusion
Investors should exercise caution when investing in Progress Software Co. due to the company’s uncertain growth prospects and competitive landscape.
However, the company’s strong product portfolio and solid financial position make it an attractive investment opportunity.
Investors should conduct thorough research and analysis before making investment decisions and consider seeking advice from financial professionals if needed.
Progress Software Co. Insider Activity
Insider Sales and Holdings
Insiders sold a total of 18,185 shares in the last 90 days, with a total value of $1,024,193.
Corporate insiders own approximately 3.40% of the company.
Insider Sales and Holdings Continued
CAO Domenic Lococo sold 1,000 shares on February 3rd, while Ian Pitt sold 703 shares on April 4th.
Insider Sales and Holdings Summary
Insiders have sold a total of 18,185 shares in the last 90 days, with a total value of $1,024,193.
Corporate insiders own approximately 3.40% of the company.
Insider Activity and Ownership
Insiders have a significant impact on the company’s stock price and financial performance.
Insider activity and ownership can provide valuable insights into the company’s prospects and risks.
Conclusion
Insiders have a significant impact on the company’s stock price and financial performance.
Insider activity and ownership can provide valuable insights into the company’s prospects and risks.
Investors should monitor insider activity and ownership closely to make informed investment decisions.
Progress Software Co. Dividend Yield
Dividend Yield and Payout Ratio
The company has a dividend yield of 0.88%.
The payout ratio is 22.22%.
Dividend Yield and Payout Ratio Continued
The company’s dividend yield and payout ratio are relatively low compared to its peers.
The company’s dividend yield and payout ratio can provide valuable insights into the company’s financial health and prospects.
Conclusion
The company’s dividend yield and payout ratio are relatively low compared to its peers.
The company’s dividend yield and payout ratio can provide valuable insights into the company’s financial health and prospects.
Progress Software Co. Earnings
Earnings and Revenue
The company released its earnings results on March 31st, reporting $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.04.
The company’s revenue for the quarter was $238.02 million, a 28.9% increase compared to the same quarter last year.
Earnings and Revenue Continued
The company’s business had a return on equity of 41.56% and a net margin of 9.08%.
The company’s financial performance is strong, but investors should exercise caution due to the company’s uncertain growth prospects and competitive landscape.
Conclusion
The company’s financial performance is strong, but investors should exercise caution due to the company’s uncertain growth prospects and competitive landscape.
Progress Software Co. Valuation
Valuation and Price-to-Earnings Ratio
The company has a PE ratio of 35.15.
The company’s valuation multiples appear to be reasonable, but investors should consider the company’s industry trends, regulatory environment, and macroeconomic factors before making investment decisions.
Valuation and Price-to-Earnings Ratio Continued
The company’s price-to-earnings ratio is 35.15.
The company’s valuation multiples appear to be reasonable, but investors should consider the company’s industry trends, regulatory environment, and macroeconomic factors before making investment decisions.
Conclusion
The company’s valuation multiples appear to be reasonable, but investors should consider the company’s industry trends, regulatory environment, and macroeconomic factors before making investment decisions.
Progress Software Co. Market Cap
Market Cap and Beta
The company has a market cap of $2.36 billion.
The company’s beta is 0.85.
Market Cap and Beta Continued
The company’s market cap is $2.36 billion.
The company’s beta is 0.85.
Conclusion
The company’s market cap is $2.36 billion.
The company’s beta is 0.85.
Progress Software Co. Debt-to-Equity Ratio
Debt-to-Equity Ratio and Current Ratio
The company has a debt-to-equity ratio of 3.48.
The company’s current ratio is 0.81.
Debt-to-Equity Ratio and Current Ratio Continued
The company’s debt-to-equity ratio is 3.48.
The company’s current ratio is 0.81.
Conclusion
The company’s debt-to-equity ratio is 3.48.
The company’s current ratio is 0.81.
