Progress Software Co. (NASDAQ:PRGS – Get Free Report) CFO Anthony Folger sold 7,797 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $67.39, for a total transaction of $525,439.83. Following the completion of the transaction, the chief financial officer now owns 33,774 shares of the company’s stock, valued at approximately $2,276,029.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Progress Software Trading Down 0.6 %
Shares of PRGS opened at $65.91 on Friday. Progress Software Co. has a 52-week low of $48.00 and a 52-week high of $67.89. The stock has a market cap of $2.83 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 8.38 and a beta of 0.92. The firm’s fifty day moving average is $60.46 and its two-hundred day moving average is $55.16. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.87.
Progress Software (NASDAQ:PRGS – Get Free Report) last posted its quarterly earnings results on Tuesday, September 24th. The software maker reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. The firm had revenue of $178.69 million for the quarter, compared to analyst estimates of $176.16 million. Progress Software had a net margin of 11.55% and a return on equity of 38.69%. Progress Software’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 earnings per share. Research analysts forecast that Progress Software Co. will post 3.95 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Get Our Latest Research Report on Progress Software
Institutional Investors Weigh In On Progress Software
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board purchased a new stake in Progress Software in the 2nd quarter valued at $27,000. GAMMA Investing LLC increased its position in Progress Software by 76.7% during the third quarter. GAMMA Investing LLC now owns 1,117 shares of the software maker’s stock worth $75,000 after purchasing an additional 485 shares during the last quarter. Blue Trust Inc. raised its stake in Progress Software by 29.2% during the second quarter. Blue Trust Inc. now owns 1,640 shares of the software maker’s stock worth $87,000 after purchasing an additional 371 shares during the period. EntryPoint Capital LLC boosted its holdings in Progress Software by 993.5% in the 1st quarter. EntryPoint Capital LLC now owns 2,176 shares of the software maker’s stock valued at $116,000 after purchasing an additional 1,977 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Progress Software in the 2nd quarter valued at approximately $160,000.
About Progress Software
Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers.
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