April 14, 2021


Advances in world technology

Progress Software program (NASDAQ:PRGS) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of Development Application (NASDAQ:PRGS) from a offer score to a maintain rating in a report unveiled on Tuesday early morning, ValuEngine experiences.

Various other brokerages also recently weighed in on PRGS. BidaskClub raised Progress Software program from a hold ranking to a invest in ranking in a exploration report on Friday, December 25th. Zacks Investment Investigation elevated Progress Software program from a maintain rating to a obtain score and set a $44.00 focus on cost for the enterprise in a investigation report on Tuesday, Oct 27th. Just one expenditure analyst has rated the inventory with a hold rating and 4 have issued a purchase ranking to the organization. Development Application presently has a consensus rating of Obtain and a consensus concentrate on value of $44.00.

NASDAQ:PRGS opened at $47.24 on Tuesday. The business’s 50-working day going typical is $42.25 and its two-hundred day relocating ordinary is $38.46. The company has a market place capitalization of $2.13 billion, a PE ratio of 37.79 and a beta of 1.02. Progress Program has a 12 month lower of $28.09 and a 12 thirty day period high of $52.50. The corporation has a credit card debt-to-fairness ratio of .74, a recent ratio of 1.41 and a fast ratio of 1.41.

In connected information, SVP Gary Quinn sold 7,116 shares of the inventory in a transaction dated Monday, Oct 12th. The inventory was sold at an ordinary price of $40.32, for a overall value of $286,917.12. Following the completion of the transaction, the senior vice president now owns 8,197 shares of the company’s inventory, valued at $330,503.04. The sale was disclosed in a doc submitted with the Securities & Trade Commission, which is obtainable at the SEC internet site. Company insiders have 1.80% of the company’s inventory.

A selection of substantial traders have a short while ago included to or diminished their stakes in PRGS. Raymond James & Associates elevated its posture in Progress Program by 2.7% in the 3rd quarter. Raymond James & Associates now owns 15,039 shares of the software package maker’s inventory valued at $552,000 following attaining an further 389 shares for the duration of the period of time. NorthCoast Asset Administration LLC boosted its situation in shares of Progress Application by 9.2% in the 3rd quarter. NorthCoast Asset Management LLC now owns 6,141 shares of the computer software maker’s stock truly worth $226,000 right after buying an extra 518 shares for the duration of the period of time. Marshall Wace North The us L.P. acquired a new stake in shares of Progress Application in the first quarter truly worth $28,000. American Worldwide Team Inc. boosted its position in shares of Development Application by 2.4% in the next quarter. American Intercontinental Team Inc. now owns 31,729 shares of the software package maker’s inventory worthy of $1,229,000 just after getting an added 751 shares during the interval. Ultimately, Swiss National Financial institution elevated its holdings in shares of Development Program by .8% all through the third quarter. Swiss National Lender now owns 101,500 shares of the computer software maker’s inventory really worth $3,723,000 soon after buying an more 800 shares in the past quarter. 92.88% of the inventory is at present owned by institutional buyers.

Development Computer software Corporation Profile

Development Software package Corporation develops company apps. The enterprise operates through a few segments: OpenEdge, Info Connectivity and Integration, and Software Development and Deployment. The OpenEdge section delivers Progress OpenEdge, a advancement application, which builds multi-language applications for protected deployment throughout a variety of platforms and equipment, as perfectly as cloud Development Corticon, a business regulations administration method that allows purposes with final decision automation and change process, and choice-linked perception capabilities Progress Kinvey, a system for building organization programs MOVEit that provides protected collaboration and automatic file transfers of essential small business information and facts WhatsUp Gold, a network checking solution and DataRPM, a cognitive predictive servicing option for industrial IoT.

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