Progress Software Corporation (PRGS) Analysts See $0.50 EPS

September 16, 2018 - By Theresa Judd

Progress Software Corporation (NASDAQ:PRGS) LogoInvestors sentiment decreased to 0.81 in Q2 2018. Its down 0.76, from 1.57 in 2018Q1. It is negative, as 27 investors sold Progress Software Corporation shares while 85 reduced holdings. 27 funds opened positions while 64 raised stakes. 39.53 million shares or 1.18% less from 40.00 million shares in 2018Q1 were reported.
Shell Asset Mgmt reported 0.01% stake. 111,264 were reported by State Common Retirement Fund. Moreover, Globeflex Capital L P has 0.19% invested in Progress Software Corporation (NASDAQ:PRGS) for 23,969 shares. State Street has invested 0% in Progress Software Corporation (NASDAQ:PRGS). Ameriprise Fincl holds 471,052 shares or 0.01% of its portfolio. Arizona State Retirement System invested in 0.03% or 66,217 shares. Martingale Asset Management Lp stated it has 168,164 shares or 0.08% of all its holdings. Apg Asset Mgmt Nv holds 0.01% of its portfolio in Progress Software Corporation (NASDAQ:PRGS) for 82,200 shares. 19,300 are owned by Adams Diversified Equity Fund Inc. Teachers Retirement System Of The State Of Kentucky reported 0.01% in Progress Software Corporation (NASDAQ:PRGS). American Int Grp holds 34,925 shares or 0% of its portfolio. Bluemountain Cap Ltd Limited Liability Company reported 24,588 shares stake. Gemmer Asset Mngmt Limited Company invested in 271 shares or 0% of the stock. Ubs Asset Management Americas Inc invested in 0% or 24,816 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys holds 9,617 shares.

Since April 19, 2018, it had 0 buys, and 1 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 $22.50 million giving it 21.28 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 0.73% or $0.31 during the last trading session, reaching $42.55. About 270,891 shares traded. Progress Software Corporation (NASDAQ:PRGS) has risen 17.45% since September 16, 2017 and is uptrending. It has outperformed by 1.83% 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. Wedbush maintained the shares of PRGS in report on Thursday, March 29 with “Hold” rating. The stock of Progress Software Corporation (NASDAQ:PRGS) earned “Hold” rating by Benchmark on Thursday, June 28.

Progress Software Corporation provides software solutions for various industries worldwide. The company has market cap of $1.92 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 36.03 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.

Another recent and important Progress Software Corporation (NASDAQ:PRGS) news was published by which published an article titled: “3 Software Stocks to Buy for Big Changes and High Growth” on August 29, 2018.

Progress Software Corporation (NASDAQ:PRGS) Institutional Positions Chart

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