PROG Holdings, Inc. (NYSE:PRG) Shares Sold by Arizona State Retirement System

Arizona State Retirement System cut its holdings in shares of PROG Holdings, Inc. (NYSE:PRG – Get Rating) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,242 shares of the company’s stock after selling 444 shares during the quarter. Arizona State Retirement System’s holdings in PROG were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Bank of Montreal Can purchased a new position in shares of PROG during the first quarter worth $4,770,000. MetLife Investment Management LLC raised its stake in shares of PROG by 30.3% during the 1st quarter. MetLife Investment Management LLC now owns 65,818 shares of the company’s stock valued at $1,894,000 after buying an additional 15,302 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of PROG by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,787 shares of the company’s stock valued at $598,000 after buying an additional 1,982 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of PROG by 6.0% in the first quarter. Great West Life Assurance Co. Can now owns 30,504 shares of the company’s stock worth $902,000 after buying an additional 1,728 shares during the last quarter. Finally, Ergoteles LLC grew its holdings in PROG by 55.0% during the first quarter. Ergoteles LLC now owns 36,717 shares of the company’s stock worth $1,056,000 after acquiring an additional 13,026 shares during the period. 98.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Loop Capital upped their price objective on PROG from $28.00 to $34.00 in a research report on Thursday, April 27th.

PROG Trading Down 0.4 %

Shares of PROG stock opened at $32.46 on Wednesday. The firm has a 50-day simple moving average of $26.62 and a two-hundred day simple moving average of $22.62. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.58 and a current ratio of 3.40. PROG Holdings, Inc. has a fifty-two week low of $12.11 and a fifty-two week high of $33.38. The company has a market cap of $1.52 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 1.85 and a beta of 2.11.

PROG (NYSE:PRG – Get Rating) last released its quarterly earnings results on Wednesday, April 26th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.27. The company had revenue of $655.14 million during the quarter, compared to analysts’ expectations of $642.58 million. PROG had a return on equity of 27.54% and a net margin of 4.70%. PROG’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS. As a group, equities analysts predict that PROG Holdings, Inc. will post 2.69 earnings per share for the current fiscal year.

About PROG

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PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.