2 weeks Ago By ABMN Staff
Summit Investment Advisors Inc. boosted its stake in Progress Software Co. ( NASDAQ:PRGS – Free Report ) by 5.
7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,446 shares of the software maker’s stock after acquiring an additional 239 shares during the period. Summit Investment Advisors Inc.
’s holdings in Progress Software were worth $290,000 as of its most recent SEC filing. Several other large investors also recently bought and sold shares of the stock. Bessemer Group Inc.
lifted its holdings in shares of Progress Software by 149.5% in the 4th quarter. Bessemer Group Inc.
now owns 494 shares of the software maker’s stock valued at $33,000 after purchasing an additional 296 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Progress Software by 893.5% during the fourth quarter.
Smartleaf Asset Management LLC now owns 765 shares of the software maker’s stock worth $50,000 after buying an additional 688 shares during the period. GAMMA Investing LLC lifted its stake in Progress Software by 55.4% in the fourth quarter.
GAMMA Investing LLC now owns 1,736 shares of the software maker’s stock valued at $113,000 after buying an additional 619 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Progress Software by 23.
2% in the fourth quarter. Blue Trust Inc. now owns 2,091 shares of the software maker’s stock valued at $141,000 after acquiring an additional 394 shares during the period.
Finally, KBC Group NV boosted its holdings in shares of Progress Software by 44.5% in the fourth quarter. KBC Group NV now owns 2,335 shares of the software maker’s stock valued at $152,000 after acquiring an additional 719 shares during the period.
Progress Software Price Performance Shares of PRGS opened at $56.00 on Monday. The company has a current ratio of 0.
81, a quick ratio of 0.81 and a debt-to-equity ratio of 3.48.
The stock’s 50 day moving average is $55.80 and its two-hundred day moving average is $61.56.
Progress Software Co. has a twelve month low of $48.00 and a twelve month high of $70.
56. The firm has a market capitalization of $2.41 billion, a PE ratio of 35.
90, a P/E/G ratio of 2.82 and a beta of 0.85.
Insider Transactions at Progress Software In other Progress Software news, CFO Anthony Folger sold 15,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $56.30, for a total value of $844,500.
00. Following the sale, the chief financial officer now owns 44,564 shares of the company’s stock, valued at approximately $2,508,953.20.
This represents a 25.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website .
Also, insider Ian Pitt sold 703 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $56.29, for a total transaction of $39,571.
87. Following the completion of the sale, the insider now directly owns 8,317 shares in the company, valued at $468,163.93.
This trade represents a 7.79 % decrease in their position. The disclosure for this sale can be found here .
Insiders have sold a total of 18,185 shares of company stock valued at $1,024,193 in the last ninety days. 3.60% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth PRGS has been the subject of several research reports. Wedbush reiterated an “outperform” rating and issued a $75.00 price target on shares of Progress Software in a research report on Tuesday, April 1st.
StockNews.com downgraded shares of Progress Software from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 23rd. DA Davidson dropped their price target on Progress Software from $75.
00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Guggenheim reaffirmed a “buy” rating and set a $83.
00 price objective on shares of Progress Software in a research report on Tuesday, April 1st. Finally, Citigroup boosted their target price on Progress Software from $65.00 to $68.
00 and gave the company a “neutral” rating in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.
33. View Our Latest Stock Analysis on Progress Software About Progress Software ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding PRGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Progress Software Co.
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