Today’s Dividend Alert: Progress Software Corporation (NASDAQ:PRGS) expects Dec 15, 2016 to be an important day for investors.

Today's Dividend Alert: Progress Software Corporation (NASDAQ:PRGS) expects Dec 15, 2016 to be an important day for investors.

Progress Software Corporation (NASDAQ:PRGS) is expected to pay $0.13 on Dec 15, 2016. The indicated annual dividend is $0.50. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Progress Software Corporation’s current price of $29.78, the dividend is 0.42%. This dividend’s record date is Dec 1, 2016 and the announcement date is Oct 21, 2016. The stock closed at $29.78 during the last session. It is down 14.76% since April 25, 2016 and is uptrending. It has outperformed by 8.75% the S&P500.

Progress Software Corporation is a global software company. The company has a market cap of $1.45 billion. The Firm offers solutions in the development, deployment and management of business applications on premise or in the cloud, on platforms or devices, to various data sources. It has a 171.74 P/E ratio. The Firm operates through three divisions: OpenEdge; Data Connectivity and Integration, and Application Development and Deployment.

Insitutional Activity: The institutional sentiment increased to 1.34 in Q2 2016. Its up 0.58, from 0.76 in 2016Q1. The ratio increased, as 19 funds sold all Progress Software Corporation shares owned while 60 reduced positions. 16 funds bought stakes while 44 increased positions. They now own 44.33 million shares or 4.26% less from 46.30 million shares in 2016Q1.
Employees Retirement Association Of Colorado accumulated 9,557 shares or 0% of the stock. Renaissance Technologies Limited Liability Com reported 258,111 shares or 0.01% of all its holdings. Comerica Bancorp, a Michigan-based fund reported 50,255 shares. Moreover, Legal General Group Incorporated Public Ltd has 0% invested in Progress Software Corporation (NASDAQ:PRGS) for 14,009 shares. Moreover, Teton Advsr Inc has 0.09% invested in Progress Software Corporation (NASDAQ:PRGS) for 38,158 shares. Paradigm Asset Management Co Limited Liability Com accumulated 0% or 16,750 shares. Thomas White International Ltd holds 225 shares or 0% of its portfolio. Teachers Retirement Systems Of The State Of Kentucky, a Kentucky-based fund reported 18,200 shares. Metropolitan Life New York holds 0.01% of its portfolio in Progress Software Corporation (NASDAQ:PRGS) for 35,061 shares. Piedmont Advisors Lc accumulated 0% or 98 shares. Wedge L L P Nc holds 0.25% of its portfolio in Progress Software Corporation (NASDAQ:PRGS) for 590,818 shares. Pine River Cap Mngmt L P has invested 0.01% of its portfolio in Progress Software Corporation (NASDAQ:PRGS). Fisher Asset Limited Liability Corporation has 846,210 shares for 0.05% of their US portfolio. The Arizona-based Tci Wealth Advisors Inc has invested 0.01% in Progress Software Corporation (NASDAQ:PRGS). Retail Bank Of Montreal Can last reported 0% of its portfolio in the stock.

Insider Transactions: Since June 10, 2016, the stock had 0 buys, and 2 insider sales for $25.42 million net activity. GUPTA RAM sold $125,531 worth of Progress Software Corporation (NASDAQ:PRGS) on Friday, June 10. Praesidium Investment Management Company – LLC also sold $25.30 million worth of Progress Software Corporation (NASDAQ:PRGS) on Monday, September 12.

Progress Software Corporation (NASDAQ:PRGS) Ratings Coverage

Out of 3 analysts covering Progress Software Corporation (NASDAQ:PRGS), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Progress Software Corporation has been the topic of 6 analyst reports since October 2, 2015 according to StockzIntelligence Inc. The rating was maintained by Benchmark on Monday, January 18 with “Buy”. On Tuesday, September 13 the stock rating was downgraded by Ladenburg Thalmann to “Neutral”. The firm has “Neutral” rating given on Friday, June 24 by Wedbush. Wedbush maintained Progress Software Corporation (NASDAQ:PRGS) on Friday, October 2 with “Neutral” rating. The stock has “Buy” rating given by Benchmark on Friday, January 15.

More news for Progress Software Corporation (NASDAQ:PRGS) were recently published by: Reuters.com, which released: “Exclusive: Progress Software exploring sale – sources” on January 14, 2016. Benzinga.com‘s article titled: “Ladenburg Downgrades Progress Software, Cites Valuation” and published on September 13, 2016 is yet another important article.

PRGS Company Profile

Progress Software Corporation, incorporated on December 31, 1981, is a global software company. The Firm offers solutions in the development, deployment and management of business applications on premise or in the cloud, on platforms or devices, to various data sources. The Firm operates through three divisions: OpenEdge; Data Connectivity and Integration, and Application Development and Deployment. The Company’s portfolio of products provides solutions for application development, data integration and data analysis. The Company’s solutions are used across a range of industries. The Firm operates in North America and Latin America (the Americas); Europe, the Middle East and Africa (EMEA), and the Asia Pacific region, through local subsidiaries, as well as independent distributors. The Firm sells its products as perpetual licenses. The Company’s products also use term licensing models and its cloud offerings use a subscription based model. The Firm markets its products globally through channels, including end users and application partners, original equipment manufacturers (OEMs) and system integrators.

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