S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver

Progress Software Stock Price, News & Analysis (NASDAQ:PRGS)

$54.65
+0.79 (+1.47%)
(As of 12/1/2023 ET)
Compare
Today's Range
$53.41
$54.66
50-Day Range
$49.67
$56.17
52-Week Range
$48.92
$62.34
Volume
237,722 shs
Average Volume
234,272 shs
Market Capitalization
$2.38 billion
P/E Ratio
31.05
Dividend Yield
1.28%
Price Target
$64.40

Progress Software MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
17.8% Upside
$64.40 Price Target
Short Interest
Bearish
6.68% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.85
Upright™ Environmental Score
News Sentiment
0.59mentions of Progress Software in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$413,260 Sold Last Quarter
Proj. Earnings Growth
12.00%
From $3.50 to $3.92 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.21 out of 5 stars

Computer And Technology Sector

219th out of 594 stocks

Prepackaged Software Industry

65th out of 202 stocks


PRGS stock logo

About Progress Software Stock (NASDAQ:PRGS)

Progress Software Corporation develops, deploys, and manages business applications. 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, a flexible 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. It also provides MOVEit, a managed file transfer software for managing and controlling the movement of sensitive files and securing them both at-rest and in-transit, DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data and SaaS data sources; WhatsUp Gold, a network infrastructure monitoring software providing complete visibility of all network devices, servers, virtual machines, and cloud and wireless environments to find and fix network problems; Flowmon, a network security and visibility product with automated response across hybrid cloud ecosystems; and Corticon, a decision automation platform to transform user experiences by streamlining and automating complex business rules. Further, the company offers project management, implementation, custom development, programming, and other services, as well as web-enable applications; and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, and system integrators. It has operations in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.

PRGS Stock Price History

PRGS Stock News Headlines

New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Calls for community center in Progress Village intensifying
See More Headlines
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Company Calendar

Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Last Earnings
9/26/2023
Ex-Dividend for 12/15 Dividend
11/30/2023
Today
12/02/2023
Dividend Payable
12/15/2023
Next Earnings (Estimated)
1/16/2024
Fiscal Year End
11/30/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Systems Software
Current Symbol
NASDAQ:PRGS
CUSIP
74331210
Employees
2,071
Year Founded
1981

Price Target and Rating

Average Stock Price Target
$64.40
High Stock Price Target
$66.00
Low Stock Price Target
$62.00
Potential Upside/Downside
+17.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$95.07 million
Pretax Margin
13.68%

Debt

Sales & Book Value

Annual Sales
$602.01 million
Cash Flow
$5.43 per share
Book Value
$9.27 per share

Miscellaneous

Free Float
42,084,000
Market Cap
$2.38 billion
Optionable
Optionable
Beta
0.91

Social Links

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Key Executives

  • Mr. Yogesh K. Gupta (Age 62)
    CEO, President & Director
    Comp: $1.26M
  • Mr. Anthony Folger (Age 51)
    Executive VP & CFO
    Comp: $739.6k
  • Mr. Jeremy SegalMr. Jeremy Segal (Age 52)
    Executive Vice President of Corporate Development
    Comp: $561.25k
  • Mr. John Ainsworth (Age 58)
    Executive VP & GM of Application & Data Platform
    Comp: $622.83k
  • Ms. Loren Weinberg Jarrett (Age 48)
    Executive VP & GM of Digital Experience
    Comp: $664.12k
  • Mr. Domenic Lococo
    Chief Accounting Officer
  • Mr. Ian Pitt (Age 56)
    Executive VP & Chief Information Officer
  • Mr. Brian Flanagan
    Directory of Treasury & Investor Relations
  • Ms. YuFan Wang (Age 40)
    Executive Vice President, Chief Legal Officer & Secretary
  • Ms. Jennifer Ortiz (Age 47)
    Executive Vice President of Marketing














PRGS Stock Analysis - Frequently Asked Questions

Should I buy or sell Progress Software stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progress Software in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PRGS shares.
View PRGS analyst ratings
or view top-rated stocks.

What is Progress Software's stock price target for 2024?

5 Wall Street research analysts have issued 1 year price targets for Progress Software's shares. Their PRGS share price targets range from $62.00 to $66.00. On average, they expect the company's share price to reach $64.40 in the next twelve months. This suggests a possible upside of 17.8% from the stock's current price.
View analysts price targets for PRGS
or view top-rated stocks among Wall Street analysts.

How have PRGS shares performed in 2023?

Progress Software's stock was trading at $50.45 at the beginning of 2023. Since then, PRGS shares have increased by 8.3% and is now trading at $54.65.
View the best growth stocks for 2023 here
.

When is Progress Software's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 16th 2024.
View our PRGS earnings forecast
.

How were Progress Software's earnings last quarter?

Progress Software Co. (NASDAQ:PRGS) released its quarterly earnings results on Tuesday, September, 26th. The software maker reported $1.08 EPS for the quarter, beating the consensus estimate of $1.00 by $0.08. The software maker had revenue of $175.78 million for the quarter, compared to analyst estimates of $173.27 million. Progress Software had a net margin of 11.65% and a trailing twelve-month return on equity of 39.41%. The business's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 earnings per share.

How often does Progress Software pay dividends? What is the dividend yield for Progress Software?

Progress Software announced a quarterly dividend on Wednesday, September 20th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.175 per share on Friday, December 15th. This represents a $0.70 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, November 30th.
Read our dividend analysis for PRGS
.

Is Progress Software a good dividend stock?

Progress Software (NASDAQ:PRGS) pays an annual dividend of $0.70 per share and currently has a dividend yield of 1.30%. The dividend payout ratio is 39.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRGS will have a dividend payout ratio of 17.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRGS.

What guidance has Progress Software issued on next quarter's earnings?

Progress Software updated its FY 2023 earnings guidance on Tuesday, September, 26th. The company provided earnings per share guidance of $4.20-$4.26 for the period, compared to the consensus EPS estimate of $4.20. The company issued revenue guidance of $692.00 million-$698.00 million, compared to the consensus revenue estimate of $692.52 million.

What is Yogesh Gupta's approval rating as Progress Software's CEO?

139 employees have rated Progress Software Chief Executive Officer Yogesh Gupta on Glassdoor.com. Yogesh Gupta has an approval rating of 54% among the company's employees. This puts Yogesh Gupta in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Progress Software own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Progress Software investors own include Intel (INTC), Micron Technology (MU), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Energy Transfer (ET), Pfizer (PFE), AbbVie (ABBV), NVIDIA (NVDA), Costco Wholesale (COST) and Broadcom (AVGO).

Who are Progress Software's major shareholders?

Progress Software's stock is owned by many different institutional and retail investors. Top institutional investors include Boston Trust Walden Corp (3.83%), Fuller & Thaler Asset Management Inc. (2.72%), Wellington Management Group LLP (2.45%), Principal Financial Group Inc. (2.35%), Paradice Investment Management LLC (1.32%) and William Blair Investment Management LLC (1.29%). Insiders that own company stock include Anthony Folger, Charles Francis Kane, Domenic Lococo, Gary Quinn, Ian Pitt, Jennifer Ortiz, Jeremy Segal, John Ainsworth, Kathryn Kulikoski, Loren Jarrett, Sundar Subramanian, Yogesh K Gupta 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Progress Software have any subsidiaries?
The following companies are subsidiares of Progress Software: Actional, Allegrix, Apama, Apama (UK) Limited, BravePoint, Chef, Corticon Technologies, DataDirect Technologies, DataRPM, EasyAsk, Flowmon Networks A.S., Flowmon Networks Inc, IONA Technologies, IONA Technologies Spain SL, Ipswitch, Kemp Technologies Inc, Kemp Technologies India Private Limited, Kemp Technologies Limited, Kemp Technologies Pte. Ltd, Kinvey, MPC Kappa Holdings Inc, MPC Kappa Intermediate Inc, Mindreef, Modulus, Neon Systems, OneBit Software, OpenAccess Software, Pantero, PeerDirect, Persistence Software, Progress (Shanghai) Software System Company Limited, Progress Software (Pty) Ltd, Progress Software A/S, Progress Software A/S, Progress Software AG, Progress Software B.V., Progress Software Corporation (S) Pte. Ltd., Progress Software Corporation Limited, Progress Software Corporation of Canada Ltd, Progress Software Denmark A/S, Progress Software Development Private Limited, Progress Software EAD, Progress Software Europe B.V., Progress Software Germany GmbH, Progress Software GesmbH, Progress Software GmbH, Progress Software International LLC, Progress Software Italy S.r.l., Progress Software Japan KK, Progress Software Limited, Progress Software NV, Progress Software Oy, Progress Software Pty. Ltd., Progress Software S.A.S., Progress Software S.L., Progress Software Solutions India Private Limited, Progress Software Sp. z.o o., Progress Software Svenska AB, Progress Software Technologies Limited, Progress Software do Brasil Ltda., Progress Telerik, Rollbase, SPK Acquisitions Limited, Savvion, Savvion Inc, Trident Acquisition EAD, Trident Acquisition Limited, Xcalia, and eXcelon Corporation.
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This page (NASDAQ:PRGS) was last updated on 12/3/2023 by MarketBeat.com Staff

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