Progress Software (NASDAQ:PRGS) Issues Q3 2025 Earnings Guidance

Progress Software (NASDAQ:PRGS - Get Free Report) issued an update on its third quarter 2025 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 1.280-1.340 for the period, compared to the consensus estimate of 1.300. The company issued revenue guidance of $237.0 million-$243.0 million, compared to the consensus revenue estimate of $238.5 million. Progress Software also updated its FY 2025 guidance to 5.280-5.400 EPS.

Progress Software Price Performance

NASDAQ:PRGS traded up $0.15 during trading hours on Thursday, reaching $54.05. 131,046 shares of the company were exchanged, compared to its average volume of 586,677. The company has a current ratio of 0.43, a quick ratio of 0.79 and a debt-to-equity ratio of 2.43. The firm has a market cap of $2.33 billion, a PE ratio of 41.31, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. Progress Software has a twelve month low of $50.68 and a twelve month high of $70.56. The stock's 50-day moving average is $61.88 and its 200-day moving average is $59.66.

Progress Software (NASDAQ:PRGS - Get Free Report) last released its quarterly earnings results on Monday, June 30th. The software maker reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.10. The firm had revenue of $237.36 million during the quarter, compared to the consensus estimate of $237.23 million. Progress Software had a net margin of 6.63% and a return on equity of 43.72%. The company's revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 EPS. On average, sell-side analysts anticipate that Progress Software will post 4.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PRGS. Wedbush reaffirmed an "outperform" rating and issued a $75.00 price target on shares of Progress Software in a research note on Friday, June 27th. Guggenheim reaffirmed a "buy" rating and set a $83.00 target price on shares of Progress Software in a research note on Friday, June 27th. DA Davidson upped their target price on shares of Progress Software from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday. Citigroup reissued a "neutral" rating on shares of Progress Software in a research note on Friday, June 27th. Finally, Jefferies Financial Group restated a "hold" rating on shares of Progress Software in a research report on Friday, June 27th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $75.17.

Insider Activity

In other Progress Software news, insider Yufan Stephanie Wang sold 1,428 shares of the business's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $58.27, for a total value of $83,209.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ian Pitt sold 703 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $56.29, for a total transaction of $39,571.87. Following the sale, the insider owned 8,317 shares of the company's stock, valued at $468,163.93. This represents a 7.79% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.40% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PRGS. Goldman Sachs Group Inc. increased its stake in Progress Software by 75.6% during the first quarter. Goldman Sachs Group Inc. now owns 560,943 shares of the software maker's stock worth $28,894,000 after acquiring an additional 241,515 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Progress Software by 206.8% during the 1st quarter. Jane Street Group LLC now owns 111,326 shares of the software maker's stock worth $5,734,000 after purchasing an additional 75,044 shares during the period. AQR Capital Management LLC increased its position in shares of Progress Software by 16.9% during the 1st quarter. AQR Capital Management LLC now owns 42,587 shares of the software maker's stock worth $2,194,000 after purchasing an additional 6,147 shares during the last quarter. Intech Investment Management LLC increased its position in shares of Progress Software by 45.0% during the 1st quarter. Intech Investment Management LLC now owns 28,202 shares of the software maker's stock worth $1,453,000 after purchasing an additional 8,756 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Progress Software by 6.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,644 shares of the software maker's stock valued at $1,321,000 after buying an additional 1,454 shares during the period.

About Progress Software

Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers.