Progress Software Co. (NASDAQ:PRGS – Get Free Report) insider Kathryn Kulikoski sold 2,918 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $54.09, for a total value of $157,834.62. Following the completion of the sale, the insider now owns 4,142 shares in the company, valued at approximately $224,040.78. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Progress Software Stock Down 0.7 %
Shares of NASDAQ:PRGS traded down $0.41 on Wednesday, hitting $54.43. 183,589 shares of the company’s stock were exchanged, compared to its average volume of 529,996. The firm’s 50-day moving average is $50.72 and its 200 day moving average is $52.97. The company has a market capitalization of $2.35 billion, a PE ratio of 33.44, a P/E/G ratio of 6.97 and a beta of 0.93. Progress Software Co. has a 1-year low of $48.00 and a 1-year high of $62.34. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.95 and a current ratio of 1.12.
Progress Software Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 2nd will be given a $0.175 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.29%. Progress Software’s dividend payout ratio (DPR) is presently 42.68%.
Analyst Upgrades and Downgrades
Institutional Trading of Progress Software
Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Progress Software by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 5,534,242 shares of the software maker’s stock valued at $300,509,000 after purchasing an additional 37,487 shares during the period. GHP Investment Advisors Inc. boosted its position in shares of Progress Software by 116.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 61,121 shares of the software maker’s stock valued at $3,319,000 after purchasing an additional 32,871 shares during the period. Bahl & Gaynor Inc. boosted its position in shares of Progress Software by 2.7% in the 4th quarter. Bahl & Gaynor Inc. now owns 30,637 shares of the software maker’s stock valued at $1,664,000 after purchasing an additional 813 shares during the period. Boston Trust Walden Corp boosted its position in shares of Progress Software by 2.0% in the 4th quarter. Boston Trust Walden Corp now owns 1,701,094 shares of the software maker’s stock valued at $92,369,000 after purchasing an additional 33,289 shares during the period. Finally, Van Hulzen Asset Management LLC boosted its position in shares of Progress Software by 4.0% in the 4th quarter. Van Hulzen Asset Management LLC now owns 17,365 shares of the software maker’s stock valued at $943,000 after purchasing an additional 665 shares during the period.
Progress Software Company Profile
Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers.
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