Analyst Downgrades – Progress Software (NASDAQ:PRGS) Stock Gets Downgraded By Benchmark from Hold to Sell

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Analyst Ratings For Progress Software (NASDAQ:PRGS)

Today, Progress Software (NASDAQ:PRGS) stock was downgraded by Benchmark from Hold to Sell.

Some recent analyst ratings include

  • 3/8/2018-Benchmark was Downgraded by analysts at Benchmark from a “Hold ” rating to a ” Sell” rating.
  • 9/18/2017-Wedbush Reiterated Rating of Neutral.
  • 12/30/2016-Argus Reiterated Rating of Hold.
  • 12/29/2016-Sidoti initiated coverage with a Neutral rating.
  • 10/15/2016-Citigroup Reiterated Rating of Neutral.
  • 9/13/2016-Ladenburg Thalmann Financial Services was Downgraded by analysts at Ladenburg Thalmann Financial Services from a “Buy ” rating to a ” Neutral” rating.
  • 7/3/2016-JMP Securities Reiterated Rating of Hold.

Dividend information for Progress Software (NASDAQ:PRGS)

Progress Software (NASDAQ:PRGS) pays an annual dividend of $0.56 with a yield of 1.34%.

Dividend History for Progress Software (NASDAQ:PRGS)

  • On 1/10/2018 Progress Software announced a quarterly dividend of $0.14 1.11% with an ex dividend date of 2/28/2018 which will be payable on 3/15/2018.
  • On 9/12/2017 Progress Software announced a quarterly dividend of $0.14 1.55% with an ex dividend date of 11/30/2017 which will be payable on 12/15/2017.
  • On 6/28/2017 Progress Software announced a quarterly dividend of $0.13 1.63% with an ex dividend date of 8/30/2017 which will be payable on 9/15/2017.
  • On 3/29/2017 Progress Software announced a quarterly dividend of $0.13 1.72% with an ex dividend date of 5/30/2017 which will be payable on 6/15/2017.
  • On 1/16/2017 Progress Software announced a quarterly dividend of $0.13 1.73% with an ex dividend date of 2/27/2017 which will be payable on 3/15/2017.
  • On 9/28/2016 Progress Software announced a quarterly dividend of $0.13 with an ex dividend date of 11/29/2016 which will be payable on 12/15/2016.

Recent Insider Trading Activity For Progress Software (NASDAQ:PRGS)
Progress Software (NASDAQ:PRGS) has insider ownership of 2.50% and institutional ownership of 91.43%.

  • On 2/3/2017 Praesidium Investment Manageme, Major Shareholder, sold 100,000 with an average share price of $27.94 per share and the total transaction amounting to $2,794,000.00.
  • On 1/4/2017 Praesidium Investment Manageme, Major Shareholder, sold 850,000 with an average share price of $30.81 per share and the total transaction amounting to $26,188,500.00.
  • On 9/12/2016 Praesidium Investment Manageme, Major Shareholder, sold 900,000 with an average share price of $28.11 per share and the total transaction amounting to $25,299,000.00.
  • On 7/11/2016 Paul A Jalbert, CAO, sold 21,041 with an average share price of $28.93 per share and the total transaction amounting to $608,716.13.
  • On 6/10/2016 Ram Gupta, Director, sold 4,764 with an average share price of $26.35 per share and the total transaction amounting to $125,531.40.
  • On 5/10/2016 Barry N Bycoff, Director, sold 5,664 with an average share price of $25.27 per share and the total transaction amounting to $143,129.28.
  • On 4/28/2016 Michael Mark, Director, sold 7,705 with an average share price of $26.13 per share and the total transaction amounting to $201,331.65.

Recent Trading Activity for Progress Software (NASDAQ:PRGS)
Shares of Progress Software closed the previous trading session at 41.67 down -2.73 6.15% with 188842 shares trading hands.