The Capital Fund Management S.A. Purchases Shares of 37,000 Progress Software Co. (PRGS)

The Capital Fund Management S.A. Purchases Shares of 37,000 Progress Software Co. (PRGS)

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Progress Software by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,204,172 shares of the software maker’s stock valued at $70,380,000 after buying an additional 79,151 shares in the last quarter. Fiduciary Management Inc. WI increased its stake in shares of Progress Software by 3.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,740,602 shares of the software maker’s stock valued at $55,577,000 after buying an additional 52,947 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Progress Software by 5.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,344,136 shares of the software maker’s stock valued at $36,560,000 after buying an additional 75,072 shares during the last quarter. State Street Corp increased its stake in shares of Progress Software by 9.1% in the fourth quarter. State Street Corp now owns 1,159,343 shares of the software maker’s stock valued at $37,010,000 after buying an additional 96,939 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Progress Software by 1.4% in the first quarter. Fisher Asset Management LLC now owns 912,529 shares of the software maker’s stock valued at $26,509,000 after buying an additional 12,943 shares during the last quarter. 92.80% of the stock is owned by institutional investors.

Capital Fund Management S.A. purchased a new stake in shares of Progress Software Co. (NASDAQ:PRGS) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 37,000 shares of the software maker’s stock, valued at approximately $1,075,000. Capital Fund Management S.A. owned about 0.08% of Progress Software at the end of the most recent quarter.

Shares of Progress Software Co. (NASDAQ PRGS) opened at 29.70 on Monday. The company’s 50 day moving average price is $29.60 and its 200 day moving average price is $29.61. Progress Software Co. has a 52-week low of $24.20 and a 52-week high of $32.47. The stock’s market capitalization is $1.43 billion.

Progress Software (NASDAQ:PRGS) last posted its earnings results on Wednesday, March 29th. The software maker reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.08. Progress Software had a positive return on equity of 13.46% and a negative net margin of 13.75%. The business had revenue of $91.20 million for the quarter, compared to analysts’ expectations of $87.48 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The business’s revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that Progress Software Co. will post $1.68 EPS for the current year. The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Tuesday, May 30th. Progress Software’s dividend payout ratio (DPR) is currently -42.73%.

PRGS has been the subject of several recent research reports. Zacks Investment Research downgraded Progress Software from a “buy” rating to a “hold” rating in a research report on Wednesday, March 22nd. Wedbush increased their price objective on Progress Software from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, March 30th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $31.25. About Progress Software

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:PRGS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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