Media headlines about Progress Software (NASDAQ:PRGS) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Progress Software earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the software maker an impact score of 47.107203444325 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Stocks To Watch: Progress Software Sees RS Rating Rise To 93 (finance.yahoo.com)
- After-hours buzz: KBH, PRGS & more (finance.yahoo.com)
- Progress Software Corporation (PRGS) Q4 2017 Earnings Conference Call Transcript (finance.yahoo.com)
- Progress Software Sees Further Upside After Initial Jump (nasdaq.com)
- Progress Software Corp Announces 5% Increase In Q4 Profit (nasdaq.com)
Progress Software (NASDAQ:PRGS) opened at $50.69 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $2,480.00, a P/E ratio of 65.83 and a beta of 0.65. Progress Software has a twelve month low of $27.16 and a twelve month high of $51.99.
Progress Software (NASDAQ:PRGS) last posted its quarterly earnings results on Wednesday, January 10th. The software maker reported $0.67 EPS for the quarter, beating the consensus estimate of $0.54 by $0.13. The firm had revenue of $116.30 million during the quarter, compared to analysts’ expectations of $114.33 million. Progress Software had a return on equity of 11.42% and a net margin of 11.48%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 EPS. equities research analysts expect that Progress Software will post 1.65 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.56 annualized dividend and a yield of 1.10%. Progress Software’s dividend payout ratio (DPR) is 72.73%.
Progress Software declared that its board has approved a stock repurchase plan on Wednesday, September 27th that permits the company to repurchase $159.00 million in shares. This repurchase authorization permits the software maker to buy up to 8.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
PRGS has been the subject of several research analyst reports. Zacks Investment Research raised Progress Software from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Friday, September 15th. ValuEngine cut Progress Software from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Wedbush reissued a “neutral” rating and set a $32.00 price objective on shares of Progress Software in a research report on Monday, September 18th. Finally, Benchmark reissued a “buy” rating and set a $47.00 price objective (up previously from $42.00) on shares of Progress Software in a research report on Tuesday, January 2nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $40.33.
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Progress Software 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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