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

March 14, 2018 - By Peter Erickson

 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 dropped, 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.
Moreover, Boston Advsrs has 0.02% invested in Progress Software Corporation (NASDAQ:PRGS). Goldman Sachs accumulated 182,123 shares. Northwestern Mutual Wealth invested in 0% or 8 shares. Teton Advsrs reported 41,158 shares or 0.15% of all its holdings. Fund Management invested in 0.01% or 41,300 shares. Parametric Assocs Lc holds 0.01% or 164,734 shares. Cullinan Associate reported 10,230 shares or 0.03% of all its holdings. 38,628 are held by Brown Advisory. Prelude Mgmt Ltd Liability Corp owns 6,100 shares for 0.02% of their portfolio. Renaissance Techs Ltd Limited Liability Company holds 0.03% or 690,000 shares. Highbridge Cap Limited Liability Com has invested 0.01% in Progress Software Corporation (NASDAQ:PRGS). Geode Cap Ltd Liability Corporation holds 0.01% or 636,548 shares in its portfolio. Laurion Lp reported 0% in Progress Software Corporation (NASDAQ:PRGS). Ellington Mgmt Gp Lc owns 7,000 shares for 0.05% of their portfolio. Arrowstreet L P holds 399,092 shares or 0.04% of its portfolio.

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 26.83 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 decreased 0.32% or $0.13 during the last trading session, reaching $40.78. About 460,317 shares traded. Progress Software Corporation (NASDAQ:PRGS) has risen 15.05% since March 14, 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 Wednesday, January 18, the company rating was maintained by Benchmark. The firm earned “Neutral” rating on Friday, June 24 by Wedbush. The stock of Progress Software Corporation (NASDAQ:PRGS) has “Sell” rating given on Thursday, March 8 by Benchmark. Benchmark maintained the shares of PRGS in report on Tuesday, January 2 with “Buy” rating. Benchmark maintained Progress Software Corporation (NASDAQ:PRGS) rating on Monday, January 18. Benchmark has “Buy” rating and $31 target. Wedbush maintained the stock with “Neutral” rating in Wednesday, January 18 report. The rating was maintained by Benchmark with “Buy” on Friday, January 15. On Friday, October 2 the stock rating was maintained by Wedbush with “Neutral”. The rating was downgraded by Ladenburg Thalmann to “Neutral” on Tuesday, September 13. The stock has “Buy” rating by Benchmark on Thursday, January 11.

Progress Software Corporation provides software solutions for various industries worldwide. The company has market cap of $1.89 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 52.96 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: Seekingalpha.com, which released: “Here’s Why Praesidium Sold Its $200 Million Stake In Progress Software” on March 08, 2018. Streetinsider.com‘s article titled: “Form 8-K PROGRESS SOFTWARE CORP For: Mar 06” and published on March 06, 2018 is yet another important article.

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