Progress Software Co. (NASDAQ:PRGS - Get Free Report) CAO Domenic Lococo sold 1,000 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $56.24, for a total transaction of $56,240.00. Following the transaction, the chief accounting officer now directly owns 4,303 shares in the company, valued at approximately $242,000.72. The trade was a 18.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Progress Software Trading Down 0.1 %
Shares of PRGS stock traded down $0.03 on Friday, reaching $57.19. 519,117 shares of the stock were exchanged, compared to its average volume of 901,093. The company has a debt-to-equity ratio of 3.48, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $2.48 billion, a PE ratio of 36.66, a P/E/G ratio of 2.85 and a beta of 0.93. The stock has a 50 day moving average price of $63.43 and a 200 day moving average price of $62.47. Progress Software Co. has a one year low of $48.00 and a one year high of $70.56.
Wall Street Analyst Weigh In
PRGS has been the subject of several recent research reports. Guggenheim reiterated a "buy" rating and set a $83.00 target price on shares of Progress Software in a research note on Friday, January 17th. Jefferies Financial Group increased their target price on shares of Progress Software from $65.00 to $70.00 and gave the company a "hold" rating in a research report on Monday, January 6th. Oppenheimer boosted their price objective on Progress Software from $70.00 to $80.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Citigroup raised their price objective on Progress Software from $65.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, January 17th. Finally, StockNews.com cut shares of Progress Software from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $72.43.
View Our Latest Report on PRGS
Institutional Trading of Progress Software
A number of large investors have recently made changes to their positions in the company. Pacer Advisors Inc. raised its holdings in Progress Software by 45,918.9% during the 4th quarter. Pacer Advisors Inc. now owns 1,143,110 shares of the software maker's stock worth $74,474,000 after buying an additional 1,140,626 shares during the period. Leuthold Group LLC lifted its position in Progress Software by 958.1% in the 3rd quarter. Leuthold Group LLC now owns 409,752 shares of the software maker's stock valued at $27,605,000 after acquiring an additional 371,026 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in Progress Software by 74.2% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 589,698 shares of the software maker's stock worth $39,728,000 after purchasing an additional 251,125 shares during the period. Raymond James Financial Inc. bought a new position in Progress Software during the 4th quarter worth about $15,432,000. Finally, Citigroup Inc. raised its stake in shares of Progress Software by 42.8% in the 3rd quarter. Citigroup Inc. now owns 492,384 shares of the software maker's stock valued at $33,172,000 after purchasing an additional 147,457 shares during the period.
Progress Software Company Profile
(
Get 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.
See Also
Before you consider Progress Software, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Progress Software wasn't on the list.
While Progress Software currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
