Progress Software (NASDAQ:PRGS) Shares Unloaded Rep. Lisa C. McClain

Key Points

• Representative Lisa C. McClain sold between $1,001 and $15,000 in shares of Progress Software on July 16th, 2025.
• Progress Software's shares experienced a 1.7% increase on the trading day, reaching a price of $45.73.
• The company reported quarterly earnings of $1.40 per share, surpassing analyst expectations, with a revenue increase of 35.6% from the previous year.

Representative Lisa C. McClain (R-Michigan) recently sold shares of Progress Software Corporation NASDAQ: PRGS. In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Progress Software stock on July 16th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

Progress Software Stock Down 1.2%

NASDAQ:PRGS traded down $0.56 during trading hours on Wednesday, reaching $44.56. 729,112 shares of the company traded hands, compared to its average volume of 891,848. The business's 50-day moving average price is $52.19 and its two-hundred day moving average price is $56.08. The stock has a market capitalization of $1.92 billion, a P/E ratio of 34.02, a P/E/G ratio of 2.13 and a beta of 0.70. Progress Software Corporation has a 1 year low of $42.88 and a 1 year high of $70.56. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 2.43.

Progress Software (NASDAQ:PRGS - Get Free Report) last announced its quarterly earnings data on Monday, June 30th. The software maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.30 by $0.10. The business had revenue of $237.36 million during the quarter, compared to analysts' expectations of $237.23 million. Progress Software had a return on equity of 43.72% and a net margin of 6.63%.The firm's quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. Progress Software has set its FY 2025 guidance at 5.280-5.400 EPS. Q3 2025 guidance at 1.280-1.340 EPS. Analysts predict that Progress Software Corporation will post 4.01 earnings per share for the current year.

Institutional Trading of Progress Software

Hedge funds have recently bought and sold shares of the stock. Maseco LLP purchased a new position in shares of Progress Software in the second quarter valued at about $28,000. Quaker Wealth Management LLC lifted its position in shares of Progress Software by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 450 shares of the software maker's stock valued at $29,000 after acquiring an additional 900 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Progress Software by 149.5% in the fourth quarter. Bessemer Group Inc. now owns 494 shares of the software maker's stock valued at $33,000 after acquiring an additional 296 shares in the last quarter. Orion Capital Management LLC purchased a new position in shares of Progress Software in the fourth quarter valued at about $33,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of Progress Software in the second quarter valued at about $41,000.

Insider Activity

In other news, Director Rainer Gawlick bought 1,710 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were bought at an average cost of $43.48 per share, for a total transaction of $74,350.80. Following the completion of the transaction, the director owned 55,544 shares of the company's stock, valued at approximately $2,415,053.12. This represents a 3.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Anthony Folger sold 5,529 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $52.97, for a total value of $292,871.13. Following the completion of the sale, the chief financial officer owned 43,559 shares in the company, valued at $2,307,320.23. This represents a 11.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on PRGS shares. DA Davidson lifted their target price on Progress Software from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Jefferies Financial Group reaffirmed a "hold" rating on shares of Progress Software in a report on Friday, June 27th. Wall Street Zen lowered Progress Software from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. Wedbush reaffirmed an "outperform" rating and issued a $75.00 price objective on shares of Progress Software in a report on Friday, June 27th. Finally, Citigroup cut their price objective on Progress Software from $64.00 to $57.00 and set a "neutral" rating for the company in a report on Tuesday, July 15th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $73.33.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

Progress Software Company Profile

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.