Market Review: Checking the Technicals on Shares of Progress Software (PRGS)

Sergio Conner
January 13, 2018

The stock has a market cap of $2,090.00, a price-to-earnings ratio of -40.44 and a beta of 0.65.

Public companies normally post earnings and revenue results that fall somewhat above or below the average Wall Street estimate. Market capitalization is simply the value that can get when multiply all the outstanding shares of a stock by the price of a single share. The stock stands almost 13.95% off versus the 52-week high and 86.13% away from the 52-week low. About 1.11M shares traded.

Amarillo National Bank increased its stake in J.P. Morgan Chase & Co Com (JPM) by 19.64% based on its latest 2017Q3 regulatory filing with the SEC. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold. However, the institutional investors are observed to own 85.20% of the total shares. (NYSE:BWA). Ftb stated it has 1,370 shares or 0.01% of all its holdings. The stock increased 1.18% or $1.305 during the last trading session, reaching $112.145. 878.69 million shares or 1.02% less from 887.72 million shares in 2017Q2 were reported. It has outperformed by 27.75% the S&P500.

Sadoff Investment Management Llc increased Schwab Charles Corp New (SCHW) stake by 1.08% reported in 2017Q3 SEC filing. The overall volume in the last trading session was 1.92 million shares.

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Bank Of The West decreased its stake in Foot Locker Inc (FL) by 30.46% based on its latest 2017Q3 regulatory filing with the SEC. The returns on assets were 11.30% that gives an idea about how efficient management is at using its assets to generate earnings.

Investors sentiment decreased to 1.14 in 2017 Q3. Its down 0.27, from 1.3 in 2017Q2. After a recent check, it is observed that the insiders for the firm now own 0.10% shares. 13 funds opened positions while 41 raised stakes. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.14 per share. Regions Financial Corporation accumulated 31,209 shares. Legal General Public Ltd Liability Company invested in 0% or 99,242 shares. Jarislowsky Fraser, a Quebec - Canada-based fund reported 132,441 shares. New York State Teachers Retirement System holds 149,515 shares.

Progress Software Corporation (NASDAQ:PRGS) gained 15.75% with the closing price of $50.55. Congress Asset Management Company Ma invested in 0.64% or 808,730 shares. Progress Software has a 12-month low of $27.16 and a 12-month high of $44.36. (NYSE:BWA). Td Asset Management Inc invested in 84,680 shares or 0.01% of the stock. Chicago Equity Prtnrs Ltd accumulated 150,535 shares. Thrivent For Lutherans holds 244,912 shares or 0.03% of its portfolio. Progress Software Corporation has had 1 insider trades in the last 3 months, including 0 open market buys and 1 sells. Therefore 33% are positive. Epizyme had 29 analyst reports since August 6, 2015 according to SRatingsIntel. TheStreet downgraded Progress Software from a b- rating to a c rating in a research note on Wednesday, January 18th. The stock has "Neutral" rating by Wedbush on Wednesday, January 18. The rating was maintained by Wedbush on Friday, June 24 with "Neutral".

Analysts at Morgan Stanley has begun coverage on shares of Epizyme (NASDAQ:EPZM) in a research note revealed to investors on 10 January. Progress Software's dividend payout ratio is now 72.73%. Benchmark maintained the stock with "Buy" rating in Friday, January 15 report. Benchmark reiterated a "buy" rating and issued a $47.00 target price (up previously from $42.00) on shares of Progress Software in a research report on Tuesday, January 2nd. The stock has "Buy" rating by Benchmark on Monday, January 18. Dekabank Deutsche Girozentrale has invested 0% of its portfolio in Epizyme, Inc. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Therefore 68% are positive. The company was downgraded on Tuesday, September 13 by Ladenburg Thalmann. The rating was maintained by Wedbush with "Neutral" on Thursday, October 20. Ls Investment Advsr Ltd Liability Corporation reported 0.01% in Progress Software Corporation (NASDAQ:PRGS). (NASDAQ:PRGS) from a hold rating to a buy rating in a research note published on Tuesday morning. The company was upgraded on Friday, February 5 by UBS. The stock has "Buy" rating by Argus Research on Wednesday, April 12.

The top 5 institutional holders, in ascending order, are as follows: BLACKROCK INC. with 6.13 million shares, VANGUARD GROUP INC with 4.41 million shares, PRAESIDIUM INVESTMENT MANAGEMENT COMPANY, LLC with 4.26 million shares, DIMENSIONAL FUND ADVISORS LP with 1.8 million shares, and JPMORGAN CHASE & CO with 1.56 million shares.

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