Victory Capital Control Inc. grew its holdings in stocks of Growth Instrument Co. (NASDAQ:PRGS – Get Score) through 52.2% within the first quarter, in step with its most up-to-date Shape 13F submitting with the Securities and Alternate Fee (SEC). The fund owned 267.078 stocks of the instrument maker’s inventory after purchasing an extra 91.557 stocks all the way through the quarter. Victory Capital Control Inc. owned 0.61% of Growth Instrument price $12,814,000 on the finish of the latest reporting length.
Numerous different hedge finances have additionally lately made adjustments to their positions in PRGS. Yousif Capital Control LLC received a brand new place in stocks of Growth Instrument all the way through the fourth quarter valued at about $1,931,000. Qube Analysis & Applied sciences Ltd lifted its place in stocks of Growth Instrument through 177.7% all the way through the fourth quarter. Qube Analysis & Applied sciences Ltd now owns 40,082 stocks of the instrument maker’s inventory valued at $1,935,000 after buying an extra 25,650 stocks within the final quarter. Oppenheimer & Co. Inc. purchased a brand new place in stocks of Growth Instrument all the way through the fourth quarter valued at about $314,000. DekaBank Deutsche Girozentrale lifted its place in stocks of Growth Instrument through 5.4% all the way through the fourth quarter. DekaBank Deutsche Girozentrale now owns 210,268 stocks of the instrument maker’s inventory valued at $10,352,000 after buying an extra 10,735 stocks within the final quarter. After all, O Stocks Funding Advisers LLC lifted its place in stocks of Growth Instrument through 2.3% all the way through the fourth quarter. O Stocks Funding Advisers LLC now owns 12,032 stocks of the instrument maker’s inventory valued at $581,000 after buying an extra 274 stocks within the final quarter. 99.46% of the inventory is these days owned through institutional traders and hedge finances.
Analysts Set New Value Objectives
Numerous analysis corporations lately weighed in on PRGS. Wedbush reissued and “outperform” score on stocks of Growth Instrument in a analysis file on Wednesday, June twenty ninth. Oppenheimer decreased their fee goal on stocks of Growth Instrument from $60.00 to $53.00 and set an “outperform” score at the inventory in a analysis file on Wednesday, June twenty ninth. One funding analyst has rated the inventory with a grasp score, 3 have given a purchase score and one has given a powerful purchase score to the inventory. In line with knowledge from MarketBeat.com, the inventory these days has a consensus score of “Purchase” and a consensus goal fee of $55.00.
Insider Transactions at Growth Instrument
In linked information, CEO Yogesh Ok. Gupta offered 5,000 stocks of the trade’s inventory in a transaction that took place on Tuesday, June twenty first. The stocks had been offered at a median fee of $47.28, for a complete transaction of $236,400.00. Following the final touch of the transaction, the executive government officer now owns 80,000 stocks of the corporate’s inventory, valued at $3,782,400. The sale used to be disclosed in a submitting with the SEC, which is to be had thru this link. Company insiders personal 3.20% of the corporate’s inventory.
Growth Instrument Value Efficiency
PRGS opened at $47.34 on Friday. The corporate has a marketplace capitalization of $2.06 billion, a price-to-earnings ratio of twenty-two.02, a PEG ratio of 6.88 and a beta of one.02. The corporate has a handy guide a rough ratio of one.25, a present ratio of one.25 and a debt-to-equity ratio of one.65. The company has a 50-day transferring moderate fee of $46.98 and a 200-day transferring moderate fee of $46.19. Growth Instrument Co. has a twelve month low of $41.68 and a twelve month top of $53.99.
Growth Instrument (NASDAQ:PRGS – Get Score) final posted its income effects on Tuesday, June twenty eighth. The instrument maker reported $0.87 income according to proportion for the quarter, topping the consensus estimate of $0.80 through $0.07. The company had income of $148.70 million all the way through the quarter, in comparison to the consensus estimate of $146.45 million. Growth Instrument had a web margin of 16.42% and a go back on fairness of 41.13%. The corporate’s income used to be up 15.1% on a year-over-year foundation. Right through the similar quarter final 12 months, the corporate earned $0.67 income according to proportion. Equities analysts be expecting that Growth Instrument Co. will submit 3.47 EPS for the present 12 months.
Dividend Announcement Instrument Growth
The company additionally lately introduced a quarterly dividend, which can be paid on Thursday, September fifteenth. Stockholders of file on Thursday, September 1st can be paid a $0.175 dividend. The ex-dividend date is Wednesday, August thirty first. This represents a $0.70 annualized dividend and a dividend yield of one.48%. Growth Instrument’s payout ratio is 32.56%.
Growth Instrument Corporate Profile
Growth Instrument Company develops, deploys, and manages trade programs. The corporate gives OpenEdge, a building instrument, which builds multi-language programs for protected deployment throughout quite a lot of platforms and units, in addition to cloud; developer equipment that include parts for consumer interface building for Internet, cell, desktop, chat, and AR/VR apps, in addition to computerized utility trying out and reporting equipment; Sitefinity, a internet content material control and buyer analytics platform; Corticon, a trade regulations control machine that gives programs with resolution automation and alter processes, and decision-related perception features.
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