Progress Software (PRGS) Stock Price, News & Analysis

Company Overview

Progress Software (NASDAQ: PRGS) is a global provider of enterprise software designed to simplify and accelerate the delivery of business applications. The company’s offerings span digital experience management, application development and deployment, data connectivity and integration, and predictive analytics. Progress supports organizations in building, deploying, and managing mission-critical applications across on-premises, cloud and hybrid environments, helping to reduce development complexity and operational overhead.

Key products in Progress’s portfolio include Progress OpenEdge, a robust development and database platform for building transactional applications; Progress DataDirect, which enables high-performance connectivity to disparate data sources; Progress Sitefinity, a digital experience platform for content management and personalization; Progress Telerik, a suite of UI controls and developer tools; and Progress Kinvey, a serverless backend platform for mobile and web applications. These solutions serve a broad range of industries, including financial services, healthcare, manufacturing and retail, and are used by enterprises and independent software vendors seeking to modernize legacy systems or accelerate digital transformation initiatives.

Founded in 1981 and headquartered in Bedford, Massachusetts, Progress Software has grown through organic development and strategic acquisitions to establish a presence in North America, Europe, Asia-Pacific and Latin America. Under the leadership of President and CEO Yogesh Gupta, the company has emphasized cloud modernization, developer productivity and innovative data integration techniques. Progress maintains regional offices and support centers around the world to deliver services, consulting and technical support to its global customer base.

With a focus on low-code development, intelligent data connectivity and cloud-native architecture, Progress Software continues to evolve its platform to meet the changing demands of enterprise IT. Through ongoing innovation and partnerships, the company aims to help businesses accelerate application delivery, improve customer experiences and drive operational efficiency.

Key Stats

• Today's Range: $40.29 to $41.07
• 50-Day Range: $40.98 to $50.81
• 52-Week Range: $40.29 to $70.56
• Volume: 90,068 shs
• Average Volume: 772,561 shs
• Market Capitalization: $1.75 billion
• P/E Ratio: 31.10
• Dividend Yield: N/A
• Price Target: $73.33
• Consensus Rating: Moderate Buy

Progress Software Stock Analysis - MarketRank™

Progress Software scored higher than 94% of companies evaluated by MarketBeat, and ranked 48th out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Progress Software has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

Upside Potential

Progress Software has a consensus price target of $73.33, representing about 78.3% upside from its current price of $41.14.

Amount of Analyst Coverage

Progress Software has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 21.70%

Earnings Growth

Earnings for Progress Software are expected to grow by 21.70% in the coming year, from $4.01 to $4.88 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Progress Software is 31.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 281.45.

Price to Earnings Ratio vs. Sector

The P/E ratio of Progress Software is 31.40, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 457.52.

Price to Earnings Growth Ratio

Progress Software has a PEG Ratio of 1.94. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Progress Software has a P/B Ratio of 4.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

13.51% of the float of Progress Software has been sold short.

Short Interest Ratio / Days to Cover

Progress Software has a short interest ratio ("days to cover") of 6.1.

Change versus previous month

Short interest in Progress Software has recently increased by 0.18%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Progress Software does not currently pay a dividend.

Dividend Growth

Progress Software does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.7 / 5
• Environmental Score: -0.74

Percentage of Shares Shorted

13.51% of the float of Progress Software has been sold short.

Short Interest Ratio / Days to Cover

Progress Software has a short interest ratio ("days to cover") of 6.1.

Change versus previous month

Short interest in Progress Software has recently increased by 0.18%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.92

News Sentiment

Progress Software has a news sentiment score of 0.92. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Progress Software this week, compared to 9 articles on an average week.

Search Interest

Only 9 people have searched for PRGS on MarketBeat in the last 30 days. This is a decrease of -18% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Progress Software to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Progress Software insiders have bought 10.96% more of their company's stock than they have sold. Specifically, they have bought $324,963.00 in company stock and sold $292,871.00 in company stock.

Percentage Held by Insiders

Only 3.40% of the stock of Progress Software is held by insiders.

PRGS Stock Analysis - Frequently Asked Questions

How have PRGS shares performed this year?

Progress Software's stock was trading at $65.15 on January 1st, 2025. Since then, PRGS shares have decreased by 36.9% and is now trading at $41.14.

How were Progress Software's earnings last quarter?

Progress Software Corporation (NASDAQ:PRGS) posted its earnings results on Monday, June, 30th. The software maker reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.10. Progress Software's quarterly revenue was up 35.6% on a year-over-year basis.
Read the conference call transcript.

Does Progress Software have any subsidiaries?

The following companies are subsidiaries of Progress Software: Chef, Ipswitch, Kinvey, DataRPM, OneBit Software, Progress Telerik, BravePoint, and more.

Who are Progress Software's major shareholders?

Top institutional shareholders of Progress Software include DLD Asset Management LP (99.74%), Boston Trust Walden Corp (4.17%), Geode Capital Management LLC (2.48%) and Allspring Global Investments Holdings LLC (2.17%). Insiders that own company stock include Yogesh K Gupta, David Krall, Charles Francis Kane, Rainer Gawlick, Anthony Folger, John Ainsworth, Sundar Subramanian, Loren Jarrett, Ian Pitt, Domenic Lococo, Kathryn Kulikoski, Jeremy Segal and Yufan Stephanie Wang.
View institutional ownership trends.

How do I buy shares of Progress Software?

Shares of PRGS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Progress Software own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Progress Software investors own include American Water Works (AWK), Voyager Therapeutics (VYGR), Humana (HUM), Waste Connections (WCN), DiamondRock Hospitality (DRH), AU Optronics (AUOTY) and The RMR Group (RMR).

Company Calendar

• Last Earnings: 6/30/2025
• Today: 9/25/2025
• Next Earnings (Estimated): 9/29/2025
• Fiscal Year End: 11/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: COMP - SOFTWARE
• Sub-Industry: Systems Software
• Current Symbol: NASDAQ:PRGS
• CIK: 876167
• Web: www.progress.com
• Phone: (781) 280-4000
• Fax: 781-280-4095
• Employees: 2,815
• Year Founded: 1981

Price Target and Rating

• Average Price Target for Progress Software: $73.33
• High Price Target: $83.00
• Low Price Target: $57.00
• Potential Upside/Downside: +78.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.31
• Trailing P/E Ratio: 31.40
• Forward P/E Ratio: 10.26
• P/E Growth: 1.94
• Net Income: $68.44 million
• Net Margins: 6.63%
• Pretax Margin: 9.17%
• Return on Equity: 43.72%
• Return on Assets: 8.47%

Debt

• Debt-to-Equity Ratio: 2.43
• Current Ratio: 0.43
• Quick Ratio: 0.43

Sales & Book Value

• Annual Sales: $753.41 million
• Price / Sales: 2.35
• Cash Flow: $6.68 per share
• Price / Cash Flow: 6.16
• Book Value: $10.23 per share
• Price / Book: 4.02

Miscellaneous

• Outstanding Shares: 43,110,000
• Free Float: 41,642,000
• Market Cap: $1.77 billion
• Optionable: Optionable
• Beta: 0.68