Progress Software Corporation (PRGS) Analysts See $0.38 EPS

March 15, 2018 - By Linda Rogers

 Progress Software Corporation (PRGS) Analysts See $0.38 EPS
Investors sentiment decreased to 1.14 in 2017 Q3. Its down 0.35, from 1.49 in 2017Q2. It is negative, 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.
Sg Americas Secs Ltd Liability Com invested in 0% or 5,760 shares. Hbk Investments Ltd Partnership holds 0% of its portfolio in Progress Software Corporation (NASDAQ:PRGS) for 15,153 shares. Pinebridge Investments Limited Partnership accumulated 0.03% or 34,592 shares. Gsa Cap Prtnrs Limited Liability Partnership accumulated 9,507 shares. Meeder Asset Mngmt holds 0.01% or 1,633 shares. Comerica Comml Bank holds 0.03% or 93,261 shares. Cornerstone Management Holding Limited Com has 0.01% invested in Progress Software Corporation (NASDAQ:PRGS) for 26,700 shares. Ironwood Invest Mngmt Lc holds 5,350 shares or 0.14% of its portfolio. Rwc Asset Management Llp, a United Kingdom-based fund reported 300,000 shares. Amer Century holds 0% or 71,377 shares in its portfolio. Boston Advsr Lc holds 25,200 shares or 0.02% of its portfolio. Price T Rowe Md accumulated 0% or 171,877 shares. Wedge Cap L L P Nc has 0.16% invested in Progress Software Corporation (NASDAQ:PRGS). Guggenheim Capital stated it has 0% of its portfolio in Progress Software Corporation (NASDAQ:PRGS). Bridgecreek Mgmt Ltd Liability Company holds 14,850 shares.

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 27.01 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 increased 0.66% or $0.27 during the last trading session, reaching $41.05. About 648,440 shares traded or 27.04% up from the average. Progress Software Corporation (NASDAQ:PRGS) has risen 15.05% since March 15, 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. The stock of Progress Software Corporation (NASDAQ:PRGS) earned “Buy” rating by Benchmark on Friday, January 15. The firm has “Buy” rating by Benchmark given on Wednesday, January 18. The rating was downgraded by Benchmark on Thursday, March 8 to “Sell”. The rating was maintained by Benchmark on Tuesday, January 2 with “Buy”. Ladenburg Thalmann downgraded the stock to “Neutral” rating in Tuesday, September 13 report. On Wednesday, January 18 the stock rating was maintained by Wedbush with “Neutral”. Wedbush maintained it with “Neutral” rating and $24 target in Friday, June 24 report. The firm earned “Buy” rating on Monday, January 18 by Benchmark. Wedbush maintained it with “Neutral” rating and $25 target in Friday, October 2 report. As per Thursday, January 11, the company rating was maintained by Benchmark.

Progress Software Corporation provides software solutions for various industries worldwide. The company has market cap of $1.90 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 53.31 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:, which released: “Here’s Why Praesidium Sold Its $200 Million Stake In Progress Software” on March 08, 2018.‘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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