EPS for Progress Software Corporation (PRGS) Expected At $0.32

June 20, 2017 - By Vivian Park

 EPS for Progress Software Corporation (PRGS) Expected At $0.32
Investors sentiment decreased to 0.87 in Q4 2016. Its down 0.47, from 1.34 in 2016Q3. It worsened, as 28 investors sold Progress Software Corporation shares while 56 reduced holdings. 24 funds opened positions while 49 raised stakes. 43.93 million shares or 0.26% less from 44.05 million shares in 2016Q3 were reported.
Louisiana State Employees Retirement Sys holds 19,500 shares or 0.03% of its portfolio. Pine River Cap Mngmt Lp invested in 0.02% or 16,999 shares. Sei Investments Commerce stated it has 7,358 shares. Choate Invest Advisors accumulated 0% or 85,503 shares. 17,200 were accumulated by Teachers Retirement Systems Of The State Of Kentucky. Federated Invsts Pa invested 0% of its portfolio in Progress Software Corporation (NASDAQ:PRGS). Los Angeles Mngmt Equity accumulated 38,160 shares. Legal General Grp Inc Public Limited Co holds 86,855 shares or 0% of its portfolio. Jefferies Group Limited reported 0% of its portfolio in Progress Software Corporation (NASDAQ:PRGS). Heartland Inc has invested 0.72% in Progress Software Corporation (NASDAQ:PRGS). Credit Suisse Ag stated it has 54,081 shares. Amalgamated State Bank invested in 0.01% or 6,751 shares. Nationwide Fund Advisors invested in 83,394 shares. Blackrock Inc owns 11,369 shares for 0% of their portfolio. Piermont Capital accumulated 132,372 shares or 0.97% of the stock.

Since January 4, 2017, it had 0 insider purchases, and 2 selling transactions for $28.98 million activity. Praesidium Investment Management Company – LLC also sold $26.19M worth of Progress Software Corporation (NASDAQ:PRGS) on Wednesday, January 4.

Analysts await Progress Software Corporation (NASDAQ:PRGS) to report earnings on July, 5. They expect $0.32 EPS, up 28.00 % or $0.07 from last year’s $0.25 per share. PRGS’s profit will be $15.59 million for 23.09 P/E if the $0.32 EPS becomes a reality. After $0.31 actual EPS reported by Progress Software Corporation for the previous quarter, Wall Street now forecasts 3.23 % EPS growth. It closed at $29.56 lastly. It is down 15.05% since June 20, 2016 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), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Progress Software Corporation had 8 analyst reports since October 2, 2015 according to SRatingsIntel. On Wednesday, January 18 the stock rating was maintained by Benchmark with “Buy”. The firm has “Buy” rating by Benchmark given on Friday, January 15. The rating was maintained by Benchmark with “Buy” on Monday, January 18. The firm has “Neutral” rating given on Wednesday, January 18 by Wedbush. The firm has “Neutral” rating by Ladenburg Thalmann given on Tuesday, September 13. Wedbush maintained it with “Neutral” rating and $25 target in Friday, October 2 report. The stock of Progress Software Corporation (NASDAQ:PRGS) has “Neutral” rating given on Friday, June 24 by Wedbush.

Progress Software Corporation is engaged in application development. The company has market cap of $1.44 billion. The Firm operates through three divisions: OpenEdge, Data Connectivity and Integration , and Application Development and Deployment (AppDev). It currently has negative earnings. The OpenEdge business segment provides the product enhancements and marketing support to its partner base.

More notable recent Progress Software Corporation (NASDAQ:PRGS) news were published by: Reuters.com which released: “Exclusive: Progress Software exploring sale – sources” on January 14, 2016, also Seekingalpha.com with their article: “Progress Software: Is This Stealthy Activist Making Progress?” published on March 30, 2016, Seekingalpha.com published: “Progress Acquires DataRPM For Cognitive Business Software” on April 10, 2017. More interesting news about Progress Software Corporation (NASDAQ:PRGS) were released by: Seekingalpha.com and their article: “Progress Software’s (PRGS) CEO Phil Pead on Q3 2016 Results – Earnings Call …” published on September 29, 2016 as well as Benzinga.com‘s news article titled: “Ladenburg Downgrades Progress Software, Cites Valuation” with publication date: September 13, 2016.

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