What's Propelling Progress Software Corporation (PRGS) to Reach 52-Week High?

Investors are on alert as Progress Software Corporation (NASDAQ:PRGS)'s stock is experiencing unusual volume during today's trading. The 1-year high was reported on Jan, 13 by Barchart.com. If the $55.25 PT is reached, the company will be worth $218.07M more.

The stock's 50-day average volume has been 333,698 shares, with an average of 100% of medium term indicators pointing toward Buy. Progress Software Corporation's dividend payout ratio is now -42.73%. It has underperformed by 1.65% the S&P500.

Analysts await Progress Software Corporation (NASDAQ:PRGS) to report earnings on January, 15. Over the past month the firm's stock is 23.12%, 24.24% for the last quarter, 59.96% for the past six-months and 60.06% for the a year ago. SU's profit will be $616.21 million for 24.98 P/E if the $0.38 EPS becomes a reality.

The rally by Progress Software comes after the software company reported better than expected fourth quarter earnings and revenues. A 1 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of (NASDAQ:PRGS) or, if they already own its stock, sell it. Therefore 33% are positive.

Progress Software Co. has a 52 week low of $27.16 and a 52 week high of $51.99. Simple BUY signals occur when prices close above the moving average; SELL signals occur when prices fall below the moving average.

Zacks tracked 1 analysts to create a consensus of 0.62 for the last completed fiscal quarter for Progress Software Corporation (NASDAQ:PRGS). On Wednesday, January 18 the stock rating was maintained by Benchmark with "Buy". Benchmark maintained the stock with "Buy" rating in Wednesday, January 18 report. The stock of Progress Software Corporation (NASDAQ:PRGS) earned "Neutral" rating by Wedbush on Wednesday, January 18. The firm has "Neutral" rating given on Tuesday, September 13 by Ladenburg Thalmann. Ameriprise stated it has 0.01% of its portfolio in Progress Software Corporation (NASDAQ:PRGS). The company was maintained on Friday, June 24 by Wedbush.

Investors sentiment decreased to 0.73 in 2017 Q3. This represents a $0.56 annualized dividend and a yield of 1.28%.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PRGS. 85,503 are held by Choate Invest.

Meanwhile, during the same quarter Progress Software Corporation (PRGS) delivered a 10.43% earnings surprise. Alpha Windward Ltd Liability Company owns 0.34% invested in Progress Software Corporation (NASDAQ:PRGS) for 14,220 shares. Progress Software Corporation (NASDAQ:PRGS) has experienced an average volume of 376738.69. Qs Invsts Ltd Liability Corp reported 168,726 shares or 0.05% of all its holdings. Stanley owns 21,293 shares. Bank & Trust Of Montreal Can has invested 0% of its portfolio in Progress Software Corporation (NASDAQ:PRGS).

Progress Software Corporation is a global software company. The insider, MARK MICHAEL, now holds 211,036 shares of PRGS. Rwc Asset Management Llp accumulated 300,000 shares. Geode Management Ltd Liability Co has invested 0.01% in Itron, Inc. The correct version of this piece of content can be viewed at https://www.thelincolnianonline.com/2018/01/12/california-state-teachers-retirement-system-lowers-position-in-progress-software-co-prgs.html.

The most recent non open market insider trade was completed by KANE CHARLES FRANCIS on 12/28/2017, and was a disposition of 2,500 shares with a final price of $0. The Company's OpenEdge segment offers Progress OpenEdge, a development software, which manufactures multi-language applications for secure deployment across various platforms and devices, as well as cloud; and Progress Corticon, a business rules management system that enables applications with decision automation and change process, and decision-related insight capabilities.

Ratings analysis reveals 25% of Texas Roadhouse's analysts are positive.

Among 32 analysts covering JPMorgan Chase & Co (NYSE:JPM), 17 have Buy rating, 2 Sell and 13 Hold. The stock traded on impressive volume of 1.84 Million comparing to the average volume of 492.46 shares, completing picture of exact trends with uncompleted dots in volume over the norm. TXRH was included in 4 notes of analysts from September 29, 2016. The rating was downgraded by Citigroup on Wednesday, April 20 to "Neutral". The company was maintained on Friday, January 15 by Benchmark. The stock of Texas Roadhouse, Inc. The company was maintained on Monday, October 9 by Credit Suisse. The stock increased 1.18% or $1.305 during the last trading session, reaching $112.145. It is down 0.00% since January 13, 2017 and is. Jacobs Levy Equity Mngmt Inc stated it has 177,560 shares or 0.13% of all its holdings. The third largest holder is Praesidium Investment Management Company, Llc, which now holds $186.07 million worth of this stock and that ownership represents almost 7.79% of its market capitalization. Bluecrest Management Ltd has 0.01% invested in Epizyme, Inc.

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