Moran Wealth Management LLC Purchases 35,013 Shares of PROG Holdings, Inc $PRG

Moran Wealth Management LLC lifted its holdings in PROG Holdings, Inc (NYSE:PRG) by 28.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 159,334 shares of the fintech holding company’s stock after purchasing an additional 35,013 shares during the period. Moran Wealth Management LLC owned 0.40% of PROG worth $4,571,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Quarry LP raised its position in shares of PROG by 82.8% during the fourth quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock valued at $33,000 after buying an additional 506 shares during the last quarter. Federation des caisses Desjardins du Quebec acquired a new position in PROG in the 4th quarter valued at approximately $44,000. GAMMA Investing LLC raised its holdings in PROG by 45.3% in the 4th quarter. GAMMA Investing LLC now owns 1,806 shares of the fintech holding company’s stock valued at $53,000 after acquiring an additional 563 shares in the last quarter. WealthCollab LLC lifted its position in shares of PROG by 61.9% in the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock worth $61,000 after acquiring an additional 800 shares during the period. Finally, Strs Ohio bought a new stake in shares of PROG in the 1st quarter worth approximately $129,000. 97.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PRG has been the topic of a number of research reports. TD Cowen boosted their price objective on PROG from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. B. Riley Financial reaffirmed a “buy” rating on shares of PROG in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of PROG from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Raymond James Financial reissued an “outperform” rating and issued a $45.00 price target on shares of PROG in a report on Thursday, April 30th. Finally, Stephens increased their price objective on shares of PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, PROG has a consensus rating of “Moderate Buy” and an average target price of $44.42.

PROG Trading Down 0.2%

Shares of PRG opened at $44.05 on Friday. The company has a current ratio of 4.27, a quick ratio of 2.41 and a debt-to-equity ratio of 1.21. The stock has a market cap of $1.77 billion, a PE ratio of 12.04 and a beta of 1.78. PROG Holdings, Inc has a 1 year low of $25.80 and a 1 year high of $47.60. The stock has a 50 day simple moving average of $36.91 and a 200-day simple moving average of $33.46.

PROG (NYSE:PRG) last announced its quarterly earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.78 by $0.46. PROG had a return on equity of 21.94% and a net margin of 5.88%.The business had revenue of $742.67 million for the quarter, compared to analyst estimates of $732.70 million. During the same quarter in the previous year, the firm earned $0.90 EPS. PROG’s quarterly revenue was up 11.1% on a year-over-year basis. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. On average, sell-side analysts predict that PROG Holdings, Inc will post 4.7 EPS for the current fiscal year.

PROG Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, May 19th. PROG’s payout ratio is currently 15.30%.

PROG Company Profile

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.