With 468,200 avg volume, 12 days are for Epizyme Incorporated (NASDAQ:EPZM)'s short sellers to cover EPZM's short positions. Progress Software Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that 10% Owner Praesidium Investment Manageme has sold 100,000 shares of Progress Software Corporation (PRGS) in trading session dated February 03, 2017. About 941,871 shares traded or 199.92% up from the average. Epizyme, Inc. (NASDAQ:EPZM) has risen 91.85% since January 11, 2017 and is uptrending. It has outperformed by 34.16% the S&P500. The stock of Progress Software Corporation (NASDAQ:PRGS) has "Buy" rating given on Wednesday, January 18 by Benchmark. This indicates more upside for the $2.45 billion company. If the $54.06 price target is reached, the company will be worth $123.10 million more. Riverhead Capital Management LLC now owns 3,530 shares of the software maker's stock valued at $109,000 after buying an additional 1,530 shares during the last quarter. About 975,805 shares traded or 210.73% up from the average. Progress Software Corporation (NASDAQ:PRGS) has risen 15.05% since January 11, 2017 and is uptrending. It has underperformed by 1.65% the S&P500.
Investors sentiment decreased to 1.14 in 2017 Q3. This represents a $0.56 annualized dividend and a dividend yield of 1.28%. The Nebraska-based Ameritas Invest Ptnrs has invested 0.01% in Progress Software Corporation (NASDAQ:PRGS). 37 funds opened positions while 61 raised stakes. After this sale, 5,807,017 common shares of PRGS are directly owned by the insider, with total stake valued at $293,544,709. Ls Advisors Lc invested 0.01% in Progress Software Corporation (NASDAQ:PRGS).
Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp increased Progress Software Corp (PRGS) stake by 471.64% reported in 2017Q3 SEC filing. Gulf National Bank (Uk) Ltd invested in 0.06% or 23,071 shares. Progress Software presently has a consensus rating of "Hold" and a consensus price target of $40.33. Barclays Public Limited Co owns 66,702 shares. Nationwide Fund Advsrs accumulated 187,822 shares or 0.03% of the stock. Deutsche State Bank Ag stated it has 0% of its portfolio in Progress Software Corporation (NASDAQ:PRGS). (NYSE:PRLB). Thrivent For Lutherans owns 74,462 shares for 0.02% of their portfolio. Aperio Lc stated it has 0.01% in Progress Software Corporation (NASDAQ:PRGS). Cullinan Assoc holds 10,230 shares. Bogle Invest Management LP De accumulated 130,837 shares.
Progress Software Corporation provides software solutions for various industries worldwide. Praesidium Investment Management Company Llc who had been investing in Progress Software Corp for a number of months, seems to be bullish on the $2.09 billion market cap company.
Progress Software Corporation is engaged in application development. It now has negative earnings. The companyÂ's Data Connectivity and Integration segment provides Progress DataDirect Connect software, which offers data connectivity using industry-standard interfaces to connect applications running on various platforms; and Progress DataDirect Cloud, a software-as-a-service based connection management service that simplifies SQL access to a spectrum of cloud data sources through a single standards interface. During the same period in the previous year, the firm posted $0.62 earnings per share. IOTS's profit would be $422,779 giving it 82.50 P/E if the $0.02 EPS is correct. The company issued revenue guidance of $399-404 million, compared to the consensus revenue estimate of $400.69 million.Progress Software also updated its Q1 guidance to $0.46-0.48 EPS.
When looking at the investment recommendation on say a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell), PRGS is given a 2.80 while 2.70 placed for SE. Therefore 33% are positive. On average, equities analysts expect that Progress Software will post $1.65 EPS for the current year. Recently, analysts have updated the overall rating to 2.5. Wedbush maintained Progress Software Corporation (NASDAQ:PRGS) on Friday, June 24 with "Neutral" rating.
Progress Software Corporation (PRGS) pulled off a 15.75 percent gain and now trades for $50.55. As per Wednesday, January 18, the company rating was maintained by Wedbush. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. As per Friday, January 15, the company rating was maintained by Benchmark. The firm earned "Sell" rating on Friday, April 28 by Dougherty & Company.
Since August 24, 2017, it had 1 insider purchase, and 3 insider sales for $2.32 million activity. If the indicator travels under -80, this may signal that the stock is oversold. $3.05 million worth of stock was bought by MOTT DAVID M on Monday, September 18.