Symphony Financial Ltd. Co. Decreases Investment in Progress Software Co.
August 1, 2023
☀️Trending News
Progress Software ($NASDAQ:PRGS) Co., a leading provider of application development and digital experience technologies, has seen a decrease in ownership from Symphony Financial Ltd. Co. This is due to Symphony Financial Ltd. Co. reducing their holdings of the company’s shares. Progress Software Co. has been at the forefront of technology for over four decades. The company has established itself as a leader in application development and digital experience technologies that support industry-specific and enterprise-wide solutions. Progress Software Co. offers a range of products and services to assist businesses to develop, deploy, optimize, and manage their applications.
Additionally, they have earned recognition from organizations such as Gartner, Forrester, and IDC for their innovative technology. Despite the reduction in holdings from one of its major shareholders, Symphony Financial Ltd. Co., investors remain confident in the company’s future prospects.
Price History
On Monday, Progress Software Co. saw its stock open at $58.4 and close at $60.1, representing a 2.8% increase from its previous closing price. Co. has decided to decrease its investment in Progress Software Co.; thus, Progress Software Co.’s stock price saw a minor increase due to investors relying on the news as an indicator of potential growth. It is unclear what exact impact this news will have on Progress Software Co.’s stock prices in the future as the company has yet to issue any statement in response to Symphony Financial Ltd. Co.’s decision. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Progress Software. More…
| Total Revenues | Net Income | Net Margin |
| 650.82 | 81.27 | 13.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Progress Software. More…
| Operations | Investing | Financing |
| 174.53 | -360.99 | 93.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Progress Software. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.6k | 1.18k | 9.67 |
Key Ratios Snapshot
Some of the financial key ratios for Progress Software are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.5% | 11.1% | 20.1% |
| FCF Margin | ROE | ROA |
| 25.9% | 19.6% | 5.1% |
Analysis
At GoodWhale, we have conducted a thorough financial analysis of PROGRESS SOFTWARE. We based our assessment on Risk Rating, which generally consists of an assessment of both financial and business aspects. Our analysis of PROGRESS SOFTWARE leads us to conclude that it is a high risk investment. We have detected 4 risk warnings in PROGRESS SOFTWARE’s income sheet, balance sheet, cashflow statement, and non-financial aspects. These findings are available to registered users at GoodWhale, so if you’d like to take a look at our assessment of PROGRESS SOFTWARE, please consider becoming a registered user on our platform. More…
Peers
Progress Software Corporation is an American publicly traded company headquartered in Bedford, Massachusetts. The company develops software products and services for businesses. Progress Software’s main competitors are DocuSign Inc, Pros Holdings Inc, and Sprout Social Inc.
– DocuSign Inc ($NASDAQ:DOCU)
DocuSign Inc is a US provider of electronic signature technology and digital transaction management services, founded in 2003. The company’s software allows users to electronically sign, send, and manage documents. As of 2022, DocuSign has a market cap of 8.52B and a ROE of -15.28%.
– Pros Holdings Inc ($NYSE:PRO)
A market cap of 1.17B means that the company is worth 1.17 billion dollars. The company’s ROE is 195.47%, which means that the company has made 195.47% profit on every dollar that it has invested. The company does business in the healthcare industry.
– Sprout Social Inc ($NASDAQ:SPT)
Sprout Social is a social media management platform that helps brands grow their social media presence. The company has a market cap of $2.61B and a ROE of -17.92%. Sprout Social’s platform helps brands with tasks such as scheduling and publishing content, analyzing social media analytics, andEngaging with their audience.
Summary
Progress Software Co. (NASDAQ: PRGS) has seen a reduction in its holdings by Symphony Financial Ltd. Investors need to consider the current market conditions as well as the fundamentals of the company before making any decisions. A thorough analysis is needed in order to determine the potential for profitability and growth in the stock. Fundamental analysis should focus on the company’s financials, management, and competitive landscape. Financials should include revenue, expenses, debt, and cash flow.
Management should be evaluated based on their experience and ability to drive the company’s success. Analyzing the competitive landscape is important to understand the strengths and weaknesses of the company relative to its peers. Investors should also pay attention to analyst estimates and recommendations, as well as any news related to the stock. Finally, a risk-return analysis should be performed to determine whether investing in Progress Software Co. might be a good fit for one’s portfolio.
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