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PROG Holdings and Infosys Forge Strategic Collaboration to Bring AI-Powered Experiences to Customers and Intelligent Automation to Operations

Retrieved on:

Friday, March 1, 2024

Software, Payments, Finance, Artificial Intelligence, Banking, Professional Services, Technology, Fintech, Financial services, INFY, Friction, AI, PROG, Cryptocurrency

The collaboration will enable PROG Holdings to take advantage of Infosys’ digital services, including cutting-edge technologies, which PROG Holdings believes will help it realize operational efficiencies, accelerate technology enhancements, and improve speed to market.

Key Points:

The collaboration will enable PROG Holdings to take advantage of Infosys’ digital services, including cutting-edge technologies, which PROG Holdings believes will help it realize operational efficiencies, accelerate technology enhancements, and improve speed to market.
The relationship is also expected to enhance and innovate key PROG Holdings customer-and partner-facing technologies and systems, helping to widen its leadership gap within the virtual lease-to-own market.
PROG Holdings selected Infosys to assist on its technology evolution and efficiency efforts, including AI initiatives, due to Infosys’ ability to provide global access to top talent and technology infrastructure that supports and augments the innovation and efforts of PROG Holding’s internal technology teams.
Steve Michaels, President and CEO of PROG Holdings, said, “We look forward to working with Infosys to develop and enhance key systems that positively impact the speed to market, agility, and scalability of key PROG Holdings technologies and platforms.

PROG Holdings Reports Fourth Quarter 2023 Results; Initiates Quarterly Cash Dividend

Retrieved on:

Wednesday, February 21, 2024

PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, today announced financial results for the fourth quarter ended December 31, 2023, and the initiation of a quarterly cash dividend for shareholders, as well as a $500 million share repurchase authorization.

Key Points:

PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, today announced financial results for the fourth quarter ended December 31, 2023, and the initiation of a quarterly cash dividend for shareholders, as well as a $500 million share repurchase authorization.
Consolidated revenues for the fourth quarter of 2023 were $577.4 million, a decrease of 5.7% from the same period in 2022, driven by a lower gross leased asset balance entering the quarter.
Diluted earnings per share for the fourth quarter of 2023 were $0.41, compared with $0.73 in the year ago period.
PROG Holdings ended the fourth quarter of 2023 with cash of $155.4 million and gross debt of $600 million.

PROG Foundation to Hold Community Open House for Grand Opening of PROG Development Center in West Valley City

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Thursday, November 9, 2023

Software, Professional Services, Philanthropy, Fintech, Training, Payments, Technology, Other Education, Continuing, Education, Foundation, Finance, Suite, PROG, East Oakland Youth Development Center, NYSE, Growth, Granite School District, Nursing

The PROG Foundation, the non-profit founded by PROG Holdings, Inc. (NYSE:PRG), announces a community open house event celebrating the grand opening of its PROG Development Center in West Valley City, UT on Thursday, November 9, 2023.

Key Points:

The PROG Foundation, the non-profit founded by PROG Holdings, Inc. (NYSE:PRG), announces a community open house event celebrating the grand opening of its PROG Development Center in West Valley City, UT on Thursday, November 9, 2023.
The PROG Holdings Foundation was created to improve lives by increasing access to technology, education, and development that enhances socioeconomic opportunity.
“I am happy to welcome the PROG Development Center as a great resource for young adults in West Valley City to find the support and tools they need to help unlock their future potential.”
The PROG Foundation will be holding a community open house event at the PROG Development Center, 2875 Decker Lake Drive, Suite 150, West Valley City, Utah, 84119 on Thursday, November 9th, from 4:00 p.m. to 6:00 p.m. (MT).
The event will showcase the Foundation’s latest initiatives and programs, and will feature speeches from PROG Foundation management, partners, and community leaders.

PROG Holdings Beats Third Quarter 2023 Expectations, Raises Full-Year Financial Outlook

Retrieved on:

Wednesday, October 25, 2023

PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, today announced financial results for the third quarter ended September 30, 2023.

Key Points:

PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, today announced financial results for the third quarter ended September 30, 2023.
"PROG Holdings’ third quarter results exceeded expectations once again, as our teams continued to deliver strong portfolio performance alongside disciplined SG&A management," said Steve Michaels, PROG Holdings’ President and CEO.
Consolidated revenues for the third quarter of 2023 were $582.9 million, a decrease of 6.9% from the same period in 2022.
PROG Holdings ended the third quarter of 2023 with cash of $294.8 million and gross debt of $600 million.

PROG Holdings Announces Build, an Innovative Credit Building Financial Management Tool

Retrieved on:

Tuesday, May 23, 2023

PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, announces Build , a financial technology company that believes everyone should have the opportunity to improve their financial health through credit building products alongside educational financial tools and information.

Key Points:

PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, announces Build , a financial technology company that believes everyone should have the opportunity to improve their financial health through credit building products alongside educational financial tools and information.
The Build Credit Builder Account is designed to help people utilize regular monthly payments to establish positive credit history.
“Build represents PROG Holdings’ continuing commitment to develop empowering products that fill the gaps in traditional personal finance, credit, and payment options.
In addition to Build and Progressive Leasing, PROG Holdings’ companies include Vive Financial , an omnichannel provider of second-look revolving credit products, and Four Technologies , provider of Buy Now, Pay Later payment options
“As a leader in building flexible financial and payment solutions that empower consumers, PROG Holdings is thrilled to introduce Build, a credit building tool that can help people across the country reach their personal financial goals,” said Michaels.

PROG Holdings, Inc. Appoints Todd King as Chief Legal and Compliance Officer

Retrieved on:

Thursday, May 11, 2023

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PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, announces that the Company’s Board of Directors has appointed Todd King as PROG Holdings’ Chief Legal and Compliance Officer, effective May 15, 2023.

Key Points:

PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, announces that the Company’s Board of Directors has appointed Todd King as PROG Holdings’ Chief Legal and Compliance Officer, effective May 15, 2023.
As PROG Holdings’ Chief Legal and Compliance Officer, Mr. King will be responsible for overseeing the Company’s Legal, Compliance, Enterprise Risk Management (ERM), and Government Relations departments.
Mr. King served as the Company’s Chief Corporate Governance, Securities Law and M&A Counsel since January 2017, and his accomplishments included leading the legal function in the spin-off of the Company’s Aaron’s Business in 2020.
“Todd’s deep legal and business expertise coupled with the collaborative role he has had in our success make him a great choice to lead our Legal and Compliance efforts,” said PROG Holdings President and Chief Executive Officer Steve Michaels.

PROG ALERT: Bragar Eagel & Squire, P.C. is Investigating PROG Holdings, Inc. on Behalf of PROG Stockholders and Encourages Investors to Contact the Firm

Retrieved on:

Thursday, December 29, 2022

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NEW YORK, Dec. 28, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against PROG Holdings, Inc. (“PROG” or the “Company”) (NYSE: PRG) on behalf of PROG stockholders.

Key Points:

NEW YORK, Dec. 28, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against PROG Holdings, Inc. (“PROG” or the “Company”) (NYSE: PRG) on behalf of PROG stockholders.
Our investigation concerns whether PROG has violated the federal securities laws and/or engaged in other unlawful business practices.
"The investigation revealed widespread non-compliance" with the RPAA's disclosure requirements by Progressive Leasing and its merchant partners, the Attorney General's Office said in a statement.
On this news, PROG's stock price fell $2.51 per share, or 12.14%, to close at $18.16 per share on August 26, 2022.

PROG ALERT: Bragar Eagel & Squire, P.C. is Investigating PROG Holdings, Inc. on Behalf of PROG Stockholders and Encourages Investors to Contact the Firm

Retrieved on:

Saturday, December 24, 2022

Purchase order, Attorney General's Office of Afghanistan, PROG, NYSE, RPAA, News, Telephone, P.C, Property management

NEW YORK, Dec. 23, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against PROG Holdings, Inc. (“PROG” or the “Company”) (NYSE: PRG) on behalf of PROG stockholders.

Key Points:

NEW YORK, Dec. 23, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against PROG Holdings, Inc. (“PROG” or the “Company”) (NYSE: PRG) on behalf of PROG stockholders.
Our investigation concerns whether PROG has violated the federal securities laws and/or engaged in other unlawful business practices.
"The investigation revealed widespread non-compliance" with the RPAA's disclosure requirements by Progressive Leasing and its merchant partners, the Attorney General's Office said in a statement.
On this news, PROG's stock price fell $2.51 per share, or 12.14%, to close at $18.16 per share on August 26, 2022.

PROG ALERT: Bragar Eagel & Squire, P.C. is Investigating PROG Holdings, Inc. on Behalf of PROG Stockholders and Encourages Investors to Contact the Firm

Retrieved on:

Saturday, December 17, 2022

PROG, Telephone, P.C, Purchase order, Attorney General's Office of Afghanistan, News, NYSE, RPAA, Private investigator, Property management

NEW YORK, Dec. 16, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against PROG Holdings, Inc. (“PROG” or the “Company”) (NYSE: PRG) on behalf of PROG stockholders.

Key Points:

NEW YORK, Dec. 16, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against PROG Holdings, Inc. (“PROG” or the “Company”) (NYSE: PRG) on behalf of PROG stockholders.
Our investigation concerns whether PROG has violated the federal securities laws and/or engaged in other unlawful business practices.
On this news, PROG's stock price fell $2.51 per share, or 12.14%, to close at $18.16 per share on August 26, 2022.
The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

Bragar Eagel & Squire, P.C. Is Investigating PROG, Fox, Instil, and Twist and Encourages Investors to Contact the Firm

Retrieved on:

Tuesday, December 13, 2022

Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices.

Key Points:

Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices.
On this news, PROG's stock price fell $2.51 per share, or 12.14%, to close at $18.16 per share on August 26, 2022.
For more information on the Twist investigation go to: https://bespc.com/cases/TWST
About Bragar Eagel & Squire, P.C.
The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.