Swiss National Bank Sells 6,300 Shares of PROG Holdings, Inc. (NYSE:PRG)

Swiss National Bank reduced its stake in shares of PROG Holdings, Inc. (NYSE:PRG – Get Rating) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 121,900 shares of the company’s stock after selling 6,300 shares during the period. Swiss National Bank owned 0.24% of PROG worth $2,059,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PRG. Bank of Montreal Can bought a new position in PROG during the 1st quarter worth $4,770,000. MetLife Investment Management LLC grew its holdings in PROG by 30.3% during the 1st quarter. MetLife Investment Management LLC now owns 65,818 shares of the company’s stock worth $1,894,000 after acquiring an additional 15,302 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in PROG by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,787 shares of the company’s stock worth $598,000 after acquiring an additional 1,982 shares during the period. Great West Life Assurance Co. Can grew its holdings in PROG by 6.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 30,504 shares of the company’s stock worth $902,000 after acquiring an additional 1,728 shares during the period. Finally, Ergoteles LLC grew its holdings in PROG by 55.0% during the 1st 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 owned by institutional investors.

PROG Stock Performance

Shares of PROG stock opened at $32.23 on Friday. The company has a current ratio of 3.40, a quick ratio of 1.58 and a debt-to-equity ratio of 1.01. The business has a 50-day moving average price of $26.97 and a two-hundred day moving average price of $22.76. PROG Holdings, Inc. has a 1-year low of $12.11 and a 1-year high of $33.38. The company has a market cap of $1.51 billion, a P/E ratio of 13.32, a PEG ratio of 1.83 and a beta of 2.12.

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

Wall Street Analyst Weigh In

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

PROG Profile

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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.