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Wedbush Research Analysts Lift Earnings Estimates for PRGS

00 price target for Progress Software.

  • Wedbush analyst D.

    The company’s stock price has been steadily increasing over the past few months, with a recent surge in Q4 2020.

  • A strong pipeline of new products and services
  • Increasing demand for cloud-based solutions
  • The company’s ability to adapt to changing market conditions
  • Analyst Ratings and Recommendations

    Analysts at Citigroup and DA Davidson have provided positive ratings and recommendations for Progress Software.

    The stock price of Progress Software has been steadily increasing over the past year, with a 12-month return of 34.6%.

    EPS and Net Margin

    Progress Software’s EPS has also been a highlight of its quarterly earnings report.

    Key Players in the Recent Transactions

  • Bessemer Group Inc. increased its position in shares of Progress Software by 149.5% during the fourth quarter.
  • Orion Capital Management LLC acquired a new stake in Progress Software during the 4th quarter worth $33,Analysis of the Transactions
  • The recent transactions involving Progress Software have raised questions about the company’s financial health and its potential for growth. The significant increase in Bessemer Group Inc.’s stake in the company suggests that they have confidence in Progress Software’s ability to deliver strong financial performance.

    The CFO’s Stake in the Company

    The chief financial officer, Anthony Folger, has a significant stake in the company, with a total of 44,564 shares directly owned by him. This represents a substantial portion of the company’s outstanding shares, indicating his substantial investment in the company’s success.

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