EPS for Progress Software Corporation (PRGS) Expected At $0.50

September 8, 2018 - By Jason Dias

Progress Software Corporation (NASDAQ:PRGS) LogoInvestors sentiment increased to 1.57 in Q1 2018. Its up 0.62, from 0.95 in 2017Q4. It increased, as 13 investors sold Progress Software Corporation shares while 68 reduced holdings. 63 funds opened positions while 64 raised stakes. 40.00 million shares or 3.01% less from 41.24 million shares in 2017Q4 were reported.
Prescott Capital Mgmt Ltd Co has invested 0.25% in Progress Software Corporation (NASDAQ:PRGS). Royal Bancorp Of Canada invested in 716 shares or 0% of the stock. Trexquant Investment L P holds 35,891 shares or 0.1% of its portfolio. 6.27 million were accumulated by Blackrock. First Trust Advsr L P owns 0% invested in Progress Software Corporation (NASDAQ:PRGS) for 49,802 shares. Kbc Group Incorporated Nv holds 0.04% of its portfolio in Progress Software Corporation (NASDAQ:PRGS) for 115,869 shares. Cullinan Incorporated owns 10,230 shares or 0.03% of their US portfolio. Paloma Mngmt reported 14,192 shares. First Quadrant Lp Ca holds 35,662 shares. University Of Notre Dame Du Lac owns 181,688 shares. Jefferies Group Inc Limited Co owns 10,540 shares for 0% of their portfolio. Texas Permanent School Fund invested in 0.02% or 30,709 shares. Credit Suisse Ag holds 0% of its portfolio in Progress Software Corporation (NASDAQ:PRGS) for 105,310 shares. Amp Capital Invsts Limited, Australia-based fund reported 8,013 shares. 84,452 were accumulated by Voya Investment Lc.

Since April 19, 2018, it had 0 insider buys, and 1 insider sale for $492,819 activity.

Analysts expect Progress Software Corporation (NASDAQ:PRGS) to report $0.50 EPS on September, 26.They anticipate $0.09 EPS change or 21.95 % from last quarter’s $0.41 EPS. PRGS’s profit would be $22.51M giving it 20.50 P/E if the $0.50 EPS is correct. After having $0.50 EPS previously, Progress Software Corporation’s analysts see 0.00 % EPS growth. The stock increased 0.81% or $0.33 during the last trading session, reaching $41. About 190,855 shares traded. Progress Software Corporation (NASDAQ:PRGS) has risen 26.59% since September 8, 2017 and is uptrending. It has outperformed by 14.02% the S&P500.

Progress Software Corporation (NASDAQ:PRGS) Ratings Coverage

Among 2 analysts covering Progress Software Corp (NASDAQ:PRGS), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Progress Software Corp had 2 analyst reports since March 29, 2018 according to SRatingsIntel. Benchmark upgraded the stock to “Hold” rating in Thursday, June 28 report. The company was maintained on Thursday, March 29 by Wedbush.

Progress Software Corporation provides software solutions for various industries worldwide. The company has market cap of $1.85 billion. The Company’s OpenEdge segment offers Progress OpenEdge, a development software, which manufactures multi-language applications for secure deployment across various platforms and devices, as well as cloud; and Progress Corticon, a business rules management system that enables applications with decision automation and change process, and decision-related insight capabilities. It has a 34.72 P/E ratio. The companyÂ’s Data Connectivity and Integration segment provides Progress DataDirect Connect software, which offers data connectivity using industry-standard interfaces to connect applications running on various platforms; and Progress DataDirect Cloud, a software-as-a-service based connection management service that simplifies SQL access to a spectrum of cloud data sources through a single standards interface.

More news for Progress Software Corporation (NASDAQ:PRGS) were recently published by: Investorplace.com, which released: “3 Software Stocks to Buy for Big Changes and High Growth” on August 29, 2018. Businesswire.com‘s article titled: “Progress Open Sources ABL Code with Release of Spark Toolkit” and published on August 14, 2018 is yet another important article.

Progress Software Corporation (NASDAQ:PRGS) Institutional Positions Chart

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