Vulcan Value Partners LLC Sells 285,248 Shares of PROG Holdings, Inc $PRG

Key Points

• Vulcan Value Partners cut its PROG Holdings stake by 50.4%, selling 285,248 shares during the second quarter and retaining 281,066 shares valued at approximately $13.1 million. Institutional investors collectively own 97.92% of the company.
• PROG reported quarterly EPS of $1.19, exceeding the $0.95 consensus estimate, while revenue of $719.72 million also topped expectations. Management guided to fiscal 2026 EPS of $4.75–$5.00.
• The company pays a quarterly dividend of $0.14, equal to a 1.5% yield, while analysts maintain a “Moderate Buy” consensus with an average price target of $49.44 versus the reported share price of $38.05.

Vulcan Value Partners LLC lowered its stake in shares of PROG Holdings, Inc (NYSE:PRG - Free Report) by 50.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 281,066 shares of the fintech holding company's stock after selling 285,248 shares during the quarter. Vulcan Value Partners LLC owned about 0.71% of PROG worth $13,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. lifted its position in shares of PROG by 2.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,199 shares of the fintech holding company's stock valued at $389,000 after buying an additional 344 shares during the last quarter. HB Wealth Management LLC grew its holdings in PROG by 1.7% in the first quarter. HB Wealth Management LLC now owns 21,470 shares of the fintech holding company's stock worth $616,000 after purchasing an additional 359 shares during the last quarter. GAMMA Investing LLC increased its position in shares of PROG by 19.2% during the second quarter. GAMMA Investing LLC now owns 2,911 shares of the fintech holding company's stock worth $136,000 after purchasing an additional 468 shares in the last quarter. Quarry LP lifted its holdings in shares of PROG by 82.8% during the 4th quarter. Quarry LP now owns 1,117 shares of the fintech holding company's stock valued at $33,000 after purchasing an additional 506 shares during the last quarter. Finally, WealthCollab LLC boosted its position in shares of PROG by 28.1% in the 3rd quarter. WealthCollab LLC now owns 2,680 shares of the fintech holding company's stock worth $87,000 after purchasing an additional 588 shares in the last quarter. Hedge funds and other institutional investors own 97.92% of the company's stock.

PROG Stock Performance

NYSE PRG traded down $1.24 on Tuesday, hitting $38.05. 554,729 shares of the company's stock traded hands, compared to its average volume of 522,059. The firm's 50-day moving average price is $42.72 and its two-hundred day moving average price is $36.91. The firm has a market capitalization of $1.52 billion, a PE ratio of 10.51 and a beta of 1.76. The company has a current ratio of 4.03, a quick ratio of 2.29 and a debt-to-equity ratio of 1.10. PROG Holdings, Inc has a 1-year low of $25.80 and a 1-year high of $47.73.

PROG (NYSE:PRG - Get Free Report) last issued its earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.24. The firm had revenue of $719.72 million during the quarter, compared to analysts' expectations of $713.50 million. PROG had a net margin of 5.57% and a return on equity of 21.88%. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. As a group, analysts expect that PROG Holdings, Inc will post 4.95 EPS for the current year.

PROG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 18th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 18th. PROG's payout ratio is 15.47%.

Insider Transactions at PROG

In related news, CAO George M. Sewell sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $45.53, for a total transaction of $91,060.00. Following the sale, the chief accounting officer directly owned 28,385 shares of the company's stock, valued at $1,292,369.05. This trade represents a 6.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael King sold 1,070 shares of PROG stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $46.00, for a total value of $49,220.00. Following the transaction, the insider owned 60,825 shares of the company's stock, valued at approximately $2,797,950. This represents a 1.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 4,000 shares of company stock worth $183,060 in the last 90 days. Company insiders own 3.72% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. TD Cowen raised their price target on PROG from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, July 7th. Loop Capital cut shares of PROG from a "buy" rating to a "hold" rating and set a $48.00 target price for the company. in a research note on Wednesday, July 1st. KeyCorp lifted their price objective on shares of PROG from $45.00 to $50.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Zacks Research raised shares of PROG from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Finally, Wall Street Zen lowered PROG from a "strong-buy" rating to a "buy" rating in a research note on Sunday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, PROG presently has a consensus rating of "Moderate Buy" and an average price target of $49.44.

PROG Company Profile

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.

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