Progress Software Corporation (PRGS) Analysts See $0.36 EPS

September 17, 2017 - By Winifred Garcia

 Progress Software Corporation (PRGS) Analysts See $0.36 EPS
Investors sentiment decreased to 0.87 in Q4 2016. Its down 0.47, from 1.34 in 2016Q3. It fall, as 28 investors sold Progress Software Corporation shares while 56 reduced holdings. 24 funds opened positions while 49 raised stakes. 43.93 million shares or 0.26% less from 44.05 million shares in 2016Q3 were reported.
Ajo L P reported 0% of its portfolio in Progress Software Corporation (NASDAQ:PRGS). Envestnet Asset Mngmt Incorporated stated it has 2,542 shares. Amer Century Companies has invested 0% of its portfolio in Progress Software Corporation (NASDAQ:PRGS). New York-based Prelude Mgmt Limited has invested 0.03% in Progress Software Corporation (NASDAQ:PRGS). Brown Advisory, a Maryland-based fund reported 38,628 shares. Ls Invest Advsr Lc owns 1,803 shares or 0% of their US portfolio. 2.20 million are held by Dimensional Fund Advisors Limited Partnership. State Of Tennessee Treasury Department stated it has 38,506 shares. Strs Ohio invested in 0% or 33,800 shares. Northern invested in 0.01% or 896,278 shares. Piermont Capital has invested 0.97% of its portfolio in Progress Software Corporation (NASDAQ:PRGS). California State Teachers Retirement Sys invested in 103,357 shares or 0.01% of the stock. Public Sector Pension Board has invested 0.01% in Progress Software Corporation (NASDAQ:PRGS). Moreover, State Board Of Administration Of Florida Retirement Systems has 0% invested in Progress Software Corporation (NASDAQ:PRGS). State Street Corporation reported 1.16M shares.

Analysts expect Progress Software Corporation (NASDAQ:PRGS) to report $0.36 EPS on September, 27 after the close.They anticipate $0.04 EPS change or 12.50 % from last quarter’s $0.32 EPS. PRGS’s profit would be $17.37 million giving it 25.91 P/E if the $0.36 EPS is correct. After having $0.37 EPS previously, Progress Software Corporation’s analysts see -2.70 % EPS growth. The stock increased 0.95% or $0.35 on September 15, reaching $37.31. About 1.61M shares traded or 296.86% up from the average. Progress Software Corporation (NASDAQ:PRGS) has risen 15.05% since September 17, 2016 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), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Progress Software Corporation had 8 analyst reports since October 2, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, January 18 by Benchmark. The stock of Progress Software Corporation (NASDAQ:PRGS) has “Buy” rating given on Wednesday, January 18 by Benchmark. The rating was maintained by Benchmark with “Buy” on Friday, January 15. The rating was maintained by Wedbush on Wednesday, January 18 with “Neutral”. Wedbush maintained Progress Software Corporation (NASDAQ:PRGS) on Friday, June 24 with “Neutral” rating. The firm earned “Neutral” rating on Friday, October 2 by Wedbush. On Tuesday, September 13 the stock rating was downgraded by Ladenburg Thalmann to “Neutral”.

Progress Software Corporation is engaged in application development. The company has market cap of $1.80 billion. The Firm operates through three divisions: OpenEdge, Data Connectivity and Integration , and Application Development and Deployment (AppDev). It currently has negative earnings. The OpenEdge business segment provides the product enhancements and marketing support to its partner base.

More notable recent Progress Software Corporation (NASDAQ:PRGS) news were published by: Seekingalpha.com which released: “Progress Software’s (PRGS) CEO Yogesh Gupta on Q1 2017 Results – Earnings Call …” on March 30, 2017, also Seekingalpha.com with their article: “Progress Acquires Kinvey For Cognitive App Backend System” published on June 29, 2017, Nasdaq.com published: “Progress Software Corporation (PRGS) Ex-Dividend Date Scheduled for August 30 …” on August 29, 2017. More interesting news about Progress Software Corporation (NASDAQ:PRGS) were released by: Seekingalpha.com and their article: “Progress Software’s (PRGS) CEO Yogesh Gupta on Q2 2017 Results – Earnings Call …” published on June 29, 2017 as well as Seekingalpha.com‘s news article titled: “Progress Acquires DataRPM For Cognitive Business Software” with publication date: April 10, 2017.

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