Media headlines about Progress Software (NASDAQ:PRGS) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Progress Software earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 48.2810667805456 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

A number of brokerages have recently commented on PRGS. Zacks Investment Research raised shares of Progress Software from a “hold” rating to a “strong-buy” rating and set a $60.00 price objective on the stock in a research report on Thursday, January 18th. ValuEngine lowered shares of Progress Software from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Benchmark reissued a “buy” rating and issued a $47.00 price objective (up previously from $42.00) on shares of Progress Software in a research report on Tuesday, January 2nd. Finally, BidaskClub lowered shares of Progress Software from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $46.33.

Shares of Progress Software (NASDAQ:PRGS) opened at $46.42 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.31. Progress Software has a 1 year low of $27.46 and a 1 year high of $53.60. The stock has a market cap of $2,150.00, a price-to-earnings ratio of 60.29 and a beta of 0.75.

Progress Software (NASDAQ:PRGS) last posted its quarterly earnings results on Wednesday, January 10th. The software maker reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.13. Progress Software had a net margin of 9.41% and a return on equity of 21.25%. The firm had revenue of $116.30 million for the quarter, compared to analyst estimates of $114.33 million. During the same period in the prior year, the firm posted $0.62 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. equities analysts anticipate that Progress Software will post 1.95 EPS for the current fiscal 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 given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, February 28th. Progress Software’s dividend payout ratio (DPR) is currently 72.73%.

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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.

Insider Buying and Selling by Quarter for Progress Software (NASDAQ:PRGS)

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