Citadel Advisors LLC Sells 138431 Shares of Progress Software Co. (PRGS)

Cornelia Mascio
Febbraio 25, 2018

Laurion Management Lp holds 0% or 18,351 shares. The institutional investor held 32,062 shares of the prepackaged software company at the end of 2017Q3, valued at $1.22 million, down from 46,581 at the end of the previous reported quarter.

Progress Software Corporation provides software solutions for various industries worldwide. About 156,885 shares traded. Progress Software Corporation (NASDAQ:PRGS) has risen 15.05% since February 24, 2017 and is uptrending. It has underperformed by 1.65% the S&P500.

Piedmont Investment Advisors Llc decreased its stake in Progress Software Corp Com (PRGS) by 22.73% based on its latest 2017Q3 regulatory filing with the SEC. Harvey Capital Management Inc bought 40,195 shares as the company's stock rose 1.55% with the market. First Trust Advisors LP raised its holdings in shares of Progress Software by 74.8% in the fourth quarter. About 794,275 shares traded. Visa Inc. (NYSE:V) has risen 20.29% since February 24, 2017 and is uptrending. It has underperformed by 33.79% the S&P500.

Praesidium Investment Management Company Llc, which manages about $1.38 billion and $1.23B US Long portfolio, decreased its stake in Tyler Technologies Inc (NYSE:TYL) by 11,924 shares to 488,003 shares, valued at $85.07M in 2017Q3, according to the filing. It also increased its holding in Amgen Inc Com (NASDAQ:AMGN) by 24,006 shares in the quarter, for a total of 181,871 shares, and has risen its stake in Chevron Corp New Com (NYSE:CVX). Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. Therefore 33% are positive. Zacks Investment Research raised Progress Software from a "hold" rating to a "strong-buy" rating and set a $60.00 target price on the stock in a research report on Thursday, January 18th. On Friday, January 15 the stock rating was maintained by Benchmark with "Buy". As per Wednesday, January 18, the company rating was maintained by Wedbush. The stock of Progress Software Corporation (NASDAQ:PRGS) earned "Neutral" rating by Wedbush on Friday, June 24. As per Wednesday, December 20, the company rating was maintained by Stifel Nicolaus. Ladenburg Thalmann downgraded the shares of PRGS in report on Tuesday, September 13 to "Neutral" rating. As per Wednesday, January 18, the company rating was maintained by Benchmark. Benchmark maintained the shares of PRGS in report on Monday, January 18 with "Buy" rating. On Friday, October 2 the stock rating was maintained by Wedbush with "Neutral". The rating was maintained by Benchmark on Thursday, January 11 with "Buy".

Investors sentiment decreased to 1.14 in Q3 2017. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.27 and a current ratio of 1.27. It is negative, as 48 investors sold V shares while 617 reduced holdings.

Chicago Equity Partners LLC raised its stake in Progress Software Co. Commercial Bank Of Montreal Can invested in 0% or 73,022 shares. 51,505 are held by Globeflex Cap Ltd Partnership. (NYSE:V). Citadel Advisors Limited Liability Corporation reported 0.3% of its portfolio in Visa Inc. Nj State Employees Deferred Compensation Plan stated it has 15,000 shares or 0.1% of all its holdings. 199.84 million shares or 0.13% less from 200.09 million shares in 2017Q2 were reported.

Analysts await Progress Software Corporation (NASDAQ:PRGS) to report earnings on April, 4. Global Endowment Mngmt Limited Partnership, a North Carolina-based fund reported 14,270 shares. Point72 Asia (Hong Kong) Ltd, Hong Kong-based fund reported 1,405 shares. Camarda Advisors Ltd Liability Co reported 640 shares. Another trade for 6,750 shares valued at $1.48M was made by Subramaniam Rajesh on Thursday, September 21. Jacobs Levy Equity Mgmt has invested 0.13% in Progress Software Corporation (NASDAQ:PRGS). Vanguard Grp accumulated 4.41 million shares or 0.01% of the stock.

Among 3 analysts covering Progress Software Corporation (NASDAQ:PRGS), 1 have Buy rating, 0 Sell and 2 Hold. Wedge Capital Mgmt L LP Nc owns 464,122 shares.

Among 7 analysts covering Cellectis (NASDAQ:CLLS), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 65% are positive. FedEx had 107 analyst reports since August 14, 2015 according to SRatingsIntel. On Tuesday, January 2 the stock rating was maintained by Benchmark with "Buy". JP Morgan maintained FedEx Corporation (NYSE:FDX) on Thursday, October 12 with "Overweight" rating. The company has a market cap of $2,250.00, a PE ratio of 62.91 and a beta of 0.71. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. analysts anticipate that Progress Software will post 1.95 EPS for the current year. RBC Capital Markets maintained the stock with "Buy" rating in Friday, July 28 report. The firm earned "Buy" rating on Friday, February 2 by Citigroup. FBR Capital initiated it with "Mkt Perform" rating and $35 target in Friday, September 9 report.

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