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

Louisiana State Employees Retirement System lowered its holdings in PROG Holdings, Inc. (NYSE:PRG) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,100 shares of the company’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in PROG were worth $849,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in PRG. Whittier Trust Co. purchased a new stake in PROG in the 3rd quarter valued at about $26,000. Financial Management Professionals Inc. bought a new stake in shares of PROG in the 3rd quarter valued at approximately $33,000. Quarry LP increased its holdings in shares of PROG by 162.9% in the 3rd quarter. Quarry LP now owns 1,517 shares of the company’s stock valued at $74,000 after acquiring an additional 940 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in PROG during the 3rd quarter worth $83,000. Finally, KBC Group NV boosted its position in PROG by 53.9% during the 4th quarter. KBC Group NV now owns 2,015 shares of the company’s stock worth $85,000 after acquiring an additional 706 shares during the period. Hedge funds and other institutional investors own 97.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. TD Cowen upgraded PROG to a “strong-buy” rating in a report on Friday, November 29th. Raymond James upgraded PROG from a “market perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research report on Thursday, October 24th. Finally, Stephens reissued an “overweight” rating and issued a $60.00 target price on shares of PROG in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $53.83.

PROG Stock Down 1.8 %

PRG stock opened at $42.74 on Tuesday. PROG Holdings, Inc. has a 52 week low of $27.84 and a 52 week high of $50.28. The company has a quick ratio of 2.34, a current ratio of 4.97 and a debt-to-equity ratio of 0.94. The business has a 50-day simple moving average of $42.83 and a 200 day simple moving average of $45.07. The company has a market cap of $1.78 billion, a PE ratio of 11.84 and a beta of 2.18.

About PROG

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.