Economy

Progress Software (PRGS) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Progress Software (PRGS) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

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 fall, as 17 investors sold Progress Software Corporation shares while 69 reduced holdings.

Therapeutics, Inc. (NASDAQ:TGTX) shares were trading higher by 15.76 percent ($1.45) at $10.65 a piece in Thursday's session. These shares are worth $2,794,000 and were traded at $27.94 each. Numeric Investors Limited Liability Com has 0.38% invested in Progress Software Corporation (NASDAQ:PRGS) for 1.29 million shares. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued. The institutional investor held 4.26M shares of the prepackaged software company at the end of 2017Q3, valued at $162.64 million, up from 3.98M at the end of the previous reported quarter. Evercore Trust Company who had been investing in Whirlpool Corp for a number of months, seems to be bullish on the $12.40B market cap company. The stock increased 17.52% or $7.65 during the last trading session, reaching $51.32. About 460,851 shares traded. Epizyme, Inc. (NASDAQ:EPZM) has risen 91.85% since January 11, 2017 and is uptrending. It has underperformed by 10.56% the S&P500.

Returns and Valuations for Omnicom Group Inc. There were 26 sold out positions, amounting to 1.07 million shares. The total number of shares traded in the last 90-day period is 2,500.

Institutional investors now hold around $1.96 billion or 96.3% in PRGS stock. Its down 0.27, from 1.3 in 2017Q2. 37 funds opened positions while 61 raised stakes.

Progress Software (NASDAQ:PRGS) last posted its quarterly earnings results on Monday, January 16th. Murtagh Nigel J had sold 8,000 shares worth $361,194. Thrivent For Lutherans accumulated 244,912 shares. Bridgecreek Investment Lc invested in 0.15% or 14,850 shares. (NYSE:PRLB). Goldman Sachs holds 86,778 shares. Ameritas Investment Incorporated accumulated 0.01% or 4,326 shares. Pinebridge Investments Limited Partnership stated it has 34,592 shares. New York State Teachers Retirement Systems reported 0.01% stake. Ghp Advsrs Inc reported 25,587 shares. The insider, MARK MICHAEL, now holds 211,036 shares of PRGS. Royal Retail Bank Of Canada invested 0% in Progress Software Corporation (NASDAQ:PRGS). One Natl Association has 112,068 shares for 0.34% of their portfolio. Progress Software Corporation (NASDAQ:PRGS) has risen 15.05% since January 10, 2017 and is uptrending. Its sales stood at 4.00% a year on average in the period of last five years. PRGS's profit will be $25.82M for 23.55 P/E if the $0.54 EPS becomes a reality. After $0.41 actual earnings per share reported by Progress Software Corporation for the previous quarter, Wall Street now forecasts 31.71% EPS growth. Therefore 33% are positive. Blackrock Inc. owns $267.54 million in Progress Software Corporation, which represents roughly 11.19% of the company's market cap and approximately 13.62% of the institutional ownership.

More news: Apple Inc (NASDAQ:AAPL) Institutional Investors 2017 Q3 Sentiment

Several other research firms also recently weighed in on PRGS. The stock has "Buy" rating by Benchmark on Friday, January 15. The rating was downgraded by Ladenburg Thalmann on Tuesday, September 13 to "Neutral". ValuEngine lowered shares of Progress Software from a buy rating to a hold rating in a research note on Friday, December 1st. The rating was maintained by Benchmark on Wednesday, January 18 with "Buy". The firm has "Neutral" rating by Wedbush given on Friday, October 2.

The most recent non open market insider trade was completed by KANE CHARLES FRANCIS on 12/28/2017, and was a disposition of 2,500 shares with a final price of $0.

Among 3 analysts covering Progress Software Corporation (NASDAQ:PRGS), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 68% are positive. Whirlpool had 28 analyst reports since August 13, 2015 according to SRatingsIntel. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Chandoha Marie A had sold 7,000 shares worth $319,150 on Thursday, October 26. RBC Capital Markets maintained Whirlpool Corporation (NYSE:WHR) on Monday, October 9 with "Buy" rating. The firm has "Buy" rating by UBS given on Friday, February 3. The rating was upgraded by Dougherty & Company on Tuesday, June 27 to "Neutral". As per Thursday, April 14, the company rating was maintained by JP Morgan.

Investors sentiment increased to 1.02 in 2017 Q3.


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