Robeco Institutional Asset Administration B.V. lessened its holdings in Development Software package Co. (NASDAQ:PRGS) by 22.7% in the 4th quarter, Holdings Channel stories. The organization owned 24,959 shares of the software package maker’s stock soon after advertising 7,327 shares all through the quarter. Robeco Institutional Asset Administration B.V.’s holdings in Development Software program were really worth $1,128,000 as of its most current SEC submitting.
Various other hedge funds have also extra to or lowered their stakes in the inventory. Paradigm Cash Administration Inc. NY lifted its stake in shares of Development Application by 3.4% in the 4th quarter. Paradigm Cash Administration Inc. NY now owns 63,250 shares of the software maker’s stock valued at $2,858,000 right after acquiring an further 2,100 shares through the previous quarter. Exchange Traded Concepts LLC lifted its stake in shares of Development Program by 10.7% in the 4th quarter. Exchange Traded Ideas LLC now owns 17,757 shares of the application maker’s inventory valued at $802,000 immediately after paying for an more 1,710 shares in the course of the past quarter. Crossmark World-wide Holdings Inc. obtained a new stake in shares of Development Software package in the 4th quarter valued at $227,000. Wedge Cash Administration L L P NC acquired a new stake in shares of Development Software package in the 4th quarter valued at $224,000. At last, Sei Investments Co. lifted its stake in shares of Development Software by 17.1% in the 3rd quarter. Sei Investments Co. now owns 97,299 shares of the application maker’s stock valued at $3,548,000 soon after acquiring an further 14,177 shares in the course of the previous quarter. 88.93% of the stock is owned by institutional traders and hedge funds.
Progress Program inventory opened at $42.36 on Friday. The business has a market cap of $1.87 billion, a selling price-to-earnings ratio of 24.21 and a beta of 1.12. The corporation has a financial debt-to-equity ratio of .74, a existing ratio of 1.41 and a brief ratio of 1.41. Development Application Co. has a fifty-two week reduced of $28.09 and a fifty-two week high of $49.23. The business has a fifty day transferring typical price tag of $44.00 and a two-hundred working day going regular price of $39.44.
Development Computer software (NASDAQ:PRGS) final launched its earnings final results on Wednesday, January 13th. The computer software maker reported $.91 earnings for each share for the quarter, topping the Zacks’ consensus estimate of $.78 by $.13. The company had revenue of $129.06 million throughout the quarter, when compared to analyst estimates of $118.77 million. Development Software had a net margin of 13.12% and a return on fairness of 33.98%. The business’s earnings was up 4.6% on a yr-over-calendar year foundation. Through the similar quarter in the past year, the small business gained $.79 EPS. As a group, sell-facet analysts be expecting that Development Application Co. will write-up 2.9 earnings for each share for the existing yr.
The company also not long ago declared a quarterly dividend, which will be compensated on Monday, March 15th. Shareholders of report on Monday, March 1st will be supplied a dividend of $.175 per share. This represents a $.70 dividend on an annualized foundation and a generate of 1.65%. The ex-dividend day is Friday, February 26th. Development Software’s dividend payout ratio is 26.12%.
Various investigation corporations just lately issued studies on PRGS. Zacks Investment decision Study lowered shares of Progress Program from a “hold” rating to a “sell” rating in a analysis be aware on Tuesday, January 19th. Wedbush boosted their target cost on shares of Progress Application from $45.00 to $55.00 and gave the inventory an “outperform” ranking in a research report on Friday, January 15th.
Progress Software program Corporation Profile
Development Software program Corporation develops small business apps. The company operates by means of 3 segments: OpenEdge, Info Connectivity and Integration, and Application Advancement and Deployment. The OpenEdge section offers Development OpenEdge, a progress program, which builds multi-language programs for secure deployment throughout several platforms and gadgets, as nicely as cloud Development Corticon, a business enterprise procedures management technique that allows purposes with final decision automation and change approach, and decision-associated insight abilities Progress Kinvey, a system for constructing enterprise apps MOVEit that offers safe collaboration and automated file transfers of important business info and WhatsUp Gold, a community monitoring solution.
Further more Reading: Net Asset Price
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