Press coverage about Progress Software Corporation (NASDAQ:PRGS) has trended somewhat positive on Sunday, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Progress Software Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 47.4274000996985 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Progress Software Corporation (PRGS) Downgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Investor Praesidium asks Progress Software chairman to step down (finance.yahoo.com)
- FY2018 EPS Estimates for Progress Software Corporation (PRGS) Lifted by Analyst (americanbankingnews.com)
- First Week of October 20th Options Trading For Progress Software (PRGS) (stockoptionschannel.com)
- Progress Software Corporation (PRGS) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
A number of research analysts have weighed in on PRGS shares. BidaskClub upgraded shares of Progress Software Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Zacks Investment Research upgraded shares of Progress Software Corporation from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a research report on Wednesday, July 5th. TheStreet upgraded shares of Progress Software Corporation from a “c+” rating to a “b” rating in a research report on Wednesday, June 28th. Finally, Benchmark Co. reiterated a “buy” rating and issued a $42.00 price objective (up previously from $34.00) on shares of Progress Software Corporation in a research report on Wednesday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $36.00.
Shares of Progress Software Corporation (NASDAQ PRGS) traded up 0.95% on Friday, hitting $37.31. 1,609,137 shares of the company’s stock were exchanged. Progress Software Corporation has a 12-month low of $25.55 and a 12-month high of $38.51. The stock’s market cap is $1.80 billion. The company’s 50-day moving average price is $33.12 and its 200 day moving average price is $30.60.
Progress Software Corporation (NASDAQ:PRGS) last announced its quarterly earnings data on Wednesday, June 28th. The software maker reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.05. Progress Software Corporation had a negative net margin of 13.96% and a positive return on equity of 18.10%. The firm had revenue of $93.20 million during the quarter, compared to analysts’ expectations of $91.53 million. During the same quarter last year, the business earned $0.33 earnings per share. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities analysts predict that Progress Software Corporation will post $1.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.14 dividend. This is a boost from Progress Software Corporation’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.56 annualized dividend and a dividend yield of 1.50%. Progress Software Corporation’s dividend payout ratio (DPR) is -42.74%.
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Progress Software Corporation Company Profile
Progress Software Corporation is engaged in application development. The Company operates through three segments: OpenEdge, Data Connectivity and Integration (DCI), and Application Development and Deployment (AppDev). The OpenEdge business segment provides the product enhancements and marketing support to its partner base.
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