Progress Software Co. (NASDAQ:PRGS – Get Free Report) insider Kathryn Kulikoski sold 2,918 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $54.09, for a total transaction of $157,834.62. Following the transaction, the insider now owns 4,142 shares in the company, valued at $224,040.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Progress Software Stock Down 0.7 %
NASDAQ:PRGS traded down $0.41 during trading hours on Wednesday, reaching $54.43. The company’s stock had a trading volume of 183,589 shares, compared to its average volume of 529,996. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 33.44, a price-to-earnings-growth ratio of 6.97 and a beta of 0.93. Progress Software Co. has a one year low of $48.00 and a one year high of $62.34. The business’s 50-day moving average is $50.72 and its 200-day moving average is $52.97. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.95.
Progress Software Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 2nd will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Friday, August 30th. Progress Software’s dividend payout ratio (DPR) is 42.68%.
Institutional Investors Weigh In On Progress Software
Analyst Ratings Changes
PRGS has been the topic of several research reports. Guggenheim reaffirmed a “buy” rating and issued a $64.00 target price on shares of Progress Software in a research report on Tuesday, June 25th. Jefferies Financial Group dropped their price objective on Progress Software from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, June 26th. StockNews.com cut shares of Progress Software from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 26th. Oppenheimer reissued an “outperform” rating and issued a $66.00 target price on shares of Progress Software in a research report on Wednesday, June 26th. Finally, DA Davidson restated a “buy” rating and set a $65.00 price target on shares of Progress Software in a report on Wednesday, June 26th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $63.14.
View Our Latest Analysis on Progress Software
About Progress Software
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.
Featured Stories
- Five stocks we like better than Progress Software
- Best Stocks Under $5.00
- AbbVie Stock: A Perfect Dip for Investors to Buy
- How to Start Investing in Real Estate
- Forget NVIDIA: Super Micro Computer Stock Leads in Momentum
- 3 Warren Buffett Stocks to Buy Now
- GitLab Stock Rebounds: The Inside Story of Its Comeback
Receive News & Ratings for Progress Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Progress Software and related companies with MarketBeat.com's FREE daily email newsletter.