Foundations Investment Advisors LLC Has $220,000 Holdings in Progress Software Co. (NASDAQ:PRGS)

Foundations Investment Advisors LLC decreased its holdings in Progress Software Co. (NASDAQ:PRGS) by 8.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,375 shares of the software maker’s stock after selling 308 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Progress Software were worth $220,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PRGS. Assetmark Inc. raised its position in shares of Progress Software by 10.2% in the third quarter. Assetmark Inc. now owns 3,097 shares of the software maker’s stock valued at $209,000 after buying an additional 286 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in Progress Software by 19.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,863 shares of the software maker’s stock valued at $126,000 after acquiring an additional 301 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Progress Software by 23.2% during the 4th quarter. Blue Trust Inc. now owns 2,091 shares of the software maker’s stock valued at $141,000 after acquiring an additional 394 shares during the period. GAMMA Investing LLC grew its holdings in shares of Progress Software by 76.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,117 shares of the software maker’s stock worth $75,000 after purchasing an additional 485 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Progress Software by 6.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 8,594 shares of the software maker’s stock worth $560,000 after purchasing an additional 523 shares during the period.

Progress Software Trading Up 0.6 %

Shares of PRGS stock opened at $57.33 on Friday. Progress Software Co. has a twelve month low of $48.00 and a twelve month high of $70.56. The stock’s fifty day simple moving average is $64.57 and its 200 day simple moving average is $62.39. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 3.48. The firm has a market capitalization of $2.49 billion, a P/E ratio of 36.75, a P/E/G ratio of 2.81 and a beta of 0.93.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Oppenheimer increased their price objective on shares of Progress Software from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group lifted their price objective on shares of Progress Software from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Monday, January 6th. DA Davidson restated a “buy” rating and set a $75.00 target price on shares of Progress Software in a research note on Tuesday, January 21st. StockNews.com lowered Progress Software from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Citigroup raised their price objective on Progress Software from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.43.

About Progress Software

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.