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Raymond James and other firms boost holdings in Progress Software as its stock soars 208.7% amid strong earnings.
Raymond James Financial Inc. and other firms have increased their holdings in Progress Software, which saw its stock rise 208.7% in the last quarter.
The company reported a 28.9% revenue increase and earnings that beat analysts' estimates.
With a market cap of $2.36 billion, Progress Software offers various software solutions and has a consensus "Moderate Buy" rating with a target price of $74.33.
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Raymond James y otras firmas aumentan sus participaciones en Progress Software mientras sus acciones se disparan 208.7% en medio de fuertes ganancias.