Analysts See $0.38 EPS for Progress Software Corporation (PRGS)

March 15, 2018 - By Richard Conner

 Analysts See $0.38 EPS for Progress Software Corporation (PRGS)
Investors sentiment decreased to 1.14 in 2017 Q3. Its down 0.35, from 1.49 in 2017Q2. It is negative, as 17 investors sold Progress Software Corporation shares while 69 reduced holdings. 37 funds opened positions while 61 raised stakes. 43.39 million shares or 0.11% more from 43.35 million shares in 2017Q2 were reported.
Nj State Employees Deferred Compensation Plan holds 0.1% in Progress Software Corporation (NASDAQ:PRGS) or 15,000 shares. Paloma Ptnrs Mngmt has 0.02% invested in Progress Software Corporation (NASDAQ:PRGS) for 29,507 shares. Moreover, Gemmer Asset Limited Liability Corp has 0% invested in Progress Software Corporation (NASDAQ:PRGS) for 271 shares. Lazard Asset Limited Liability Company holds 135 shares. 15,153 are owned by Hbk Lp. Alpha Windward Limited Liability Corporation has invested 0.34% in Progress Software Corporation (NASDAQ:PRGS). Endowment Mgmt L P stated it has 14,270 shares or 0.08% of all its holdings. Point72 Asia (Hong Kong) invested in 0.04% or 1,405 shares. Federated Pa stated it has 0% in Progress Software Corporation (NASDAQ:PRGS). Los Angeles Capital Management And Equity accumulated 71,560 shares or 0.02% of the stock. Citadel Advisors Ltd Com stated it has 0.01% in Progress Software Corporation (NASDAQ:PRGS). Amalgamated Retail Bank reported 0.01% stake. Profund Advsrs Ltd Llc accumulated 6,322 shares. Legal General Gp Pcl reported 0% in Progress Software Corporation (NASDAQ:PRGS). 7,421 are held by Zebra Cap Management Llc.

Analysts expect Progress Software Corporation (NASDAQ:PRGS) to report $0.38 EPS on April, 4.They anticipate $0.07 EPS change or 22.58 % from last quarter’s $0.31 EPS. PRGS’s profit would be $17.63M giving it 27.01 P/E if the $0.38 EPS is correct. After having $0.60 EPS previously, Progress Software Corporation’s analysts see -36.67 % EPS growth. The stock increased 0.66% or $0.27 during the last trading session, reaching $41.05. About 648,440 shares traded or 27.04% up from the average. Progress Software Corporation (NASDAQ:PRGS) has risen 15.05% since March 15, 2017 and is uptrending. It has underperformed by 1.65% the S&P500.

Progress Software Corporation (NASDAQ:PRGS) Ratings Coverage

Among 3 analysts covering Progress Software Corporation (NASDAQ:PRGS), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Progress Software Corporation had 13 analyst reports since October 2, 2015 according to SRatingsIntel. As per Friday, June 24, the company rating was maintained by Wedbush. The stock has “Neutral” rating by Wedbush on Wednesday, January 18. Benchmark maintained the shares of PRGS in report on Monday, January 18 with “Buy” rating. The company was maintained on Friday, January 15 by Benchmark. Wedbush maintained the shares of PRGS in report on Friday, October 2 with “Neutral” rating. The company was maintained on Thursday, January 11 by Benchmark. Benchmark downgraded the shares of PRGS in report on Thursday, March 8 to “Sell” rating. The firm has “Neutral” rating by Ladenburg Thalmann given on Tuesday, September 13. Benchmark maintained it with “Buy” rating and $32 target in Wednesday, January 18 report. The stock of Progress Software Corporation (NASDAQ:PRGS) earned “Buy” rating by Benchmark on Tuesday, January 2.

Progress Software Corporation provides software solutions for various industries worldwide. The company has market cap of $1.90 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 53.31 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:, which released: “Form 8-K PROGRESS SOFTWARE CORP For: Mar 06” on March 06, 2018.‘s article titled: “Here’s Why Praesidium Sold Its $200 Million Stake In Progress Software” and published on March 08, 2018 is yet another important article.

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