Progress Software (NASDAQ:PRGS - Get Free Report) updated its fourth quarter 2025 earnings guidance on Monday. The company provided earnings per share guidance of 1.290-1.350 for the period, compared to the consensus earnings per share estimate of 1.210. The company issued revenue guidance of $250.0 million-$256.0 million, compared to the consensus revenue estimate of $251.5 million. Progress Software also updated its FY 2025 guidance to 5.500-5.560 EPS.
Analysts Set New Price Targets
PRGS has been the topic of several analyst reports. Jefferies Financial Group reiterated a "hold" rating on shares of Progress Software in a report on Friday, June 27th. Guggenheim reiterated a "buy" rating and set a $83.00 price objective on shares of Progress Software in a research note on Friday, June 27th. DA Davidson boosted their price objective on shares of Progress Software from $70.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Wedbush reissued an "outperform" rating and issued a $75.00 price target on shares of Progress Software in a report on Friday, June 27th. Finally, Wall Street Zen cut Progress Software from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $73.33.
Check Out Our Latest Analysis on Progress Software
Progress Software Stock Performance
Progress Software stock traded up $0.60 during trading hours on Monday, reaching $42.62. 2,798,612 shares of the stock were exchanged, compared to its average volume of 782,592. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.43 and a current ratio of 0.43. Progress Software has a 52-week low of $40.29 and a 52-week high of $70.56. The firm's 50 day moving average is $44.96 and its 200 day moving average is $53.69. The stock has a market cap of $1.84 billion, a P/E ratio of 32.53, a P/E/G ratio of 1.99 and a beta of 0.68.
Progress Software (NASDAQ:PRGS - Get Free Report) last issued its quarterly earnings results on Monday, June 30th. The software maker reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.10. Progress Software had a return on equity of 43.72% and a net margin of 6.63%.The company had revenue of $237.36 million for the quarter, compared to analyst estimates of $237.23 million. During the same quarter in the prior year, the company posted $1.09 EPS. The business's revenue for the quarter was up 35.6% compared to the same quarter last year. Analysts predict that Progress Software will post 4.01 EPS for the current fiscal year.
Insider Buying and Selling at Progress Software
In related news, Director Rainer Gawlick acquired 1,710 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was bought at an average cost of $43.48 per share, with a total value of $74,350.80. Following the acquisition, the director directly owned 55,544 shares in the company, valued at approximately $2,415,053.12. The trade was a 3.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Anthony Folger sold 5,529 shares of the stock in a transaction on 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 directly 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. 3.60% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its position in Progress Software by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 39,639 shares of the software maker's stock worth $2,531,000 after purchasing an additional 333 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Progress Software by 135.1% in the first quarter. Advisors Asset Management Inc. now owns 1,051 shares of the software maker's stock valued at $54,000 after buying an additional 604 shares during the period. Osaic Holdings Inc. grew its holdings in Progress Software by 183.0% during the 2nd quarter. Osaic Holdings Inc. now owns 985 shares of the software maker's stock worth $62,000 after acquiring an additional 637 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Progress Software by 6.0% during 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 acquiring an additional 1,454 shares during the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of Progress Software by 29.9% during the 2nd quarter. Quantinno Capital Management LP now owns 6,493 shares of the software maker's stock valued at $415,000 after acquiring an additional 1,495 shares during the last quarter.
Progress Software Company Profile
(
Get Free Report)
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.
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