Progress Software Company Profile (NASDAQ:PRGS)

About Progress Software

Progress Software logoProgress Software Corporation is engaged in application development. The Company operates through three segments: OpenEdge, Data Connectivity and Integration (DCI), and Application Development and Deployment (AppDev). The OpenEdge business segment provides the product enhancements and marketing support to its partner base. It is also focused on providing partners and direct end users with a path to develop and integrate cloud-based applications. Its solutions include Progress OpenEdge and Progress Corticon. The DCI segment is focused on its data assets, including the data integration components of its cloud offerings. Its solutions include Progress DataDirect Connect and Progress DataDirect Cloud. The AppDev business segment is focused on generating customers for its application development assets. Its solutions include Dev Tools, NativeScript, Dev Cloud, Telerik Platform, Test Studio, Sitefinity and Progress Rollbase. Its offerings span Web, mobile and data.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Application Software
  • Sub-Industry: Systems Software
  • Exchange: NASDAQ
  • Symbol: PRGS
  • CUSIP: 74331210
Key Metrics:
  • Previous Close: $28.98
  • 50 Day Moving Average: $29.10
  • 200 Day Moving Average: $28.93
  • 52-Week Range: $22.57 - $32.47
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 16.66
  • P/E Growth: 1.77
  • Market Cap: $1.41B
  • Outstanding Shares: 48,734,000
  • Beta: 0.89
Profitability:
  • Net Margins: -13.75%
  • Return on Equity: 13.46%
  • Return on Assets: 7.81%
Debt:
  • Debt-to-Equity Ratio: 0.30%
  • Current Ratio: 1.65%
  • Quick Ratio: 1.65%
Additional Links:
Companies Related to Progress Software:

Analyst Ratings

Consensus Ratings for Progress Software (NASDAQ:PRGS) (?)
Ratings Breakdown: 1 Sell Rating, 7 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $29.00 (0.07% upside)

Analysts' Ratings History for Progress Software (NASDAQ:PRGS)
Show:
DateFirmActionRatingPrice TargetDetails
1/18/2017Benchmark Co.Reiterated RatingBuy$34.00 -> $32.00View Rating Details
1/18/2017WedbushReiterated RatingNeutralView Rating Details
12/30/2016ArgusReiterated RatingHoldView Rating Details
12/29/2016SidotiInitiated CoverageNeutral$34.00View Rating Details
10/15/2016Citigroup Inc.Reiterated RatingNeutralView Rating Details
9/13/2016Ladenburg Thalmann Financial ServicesDowngradeBuy -> NeutralView Rating Details
7/3/2016JMP SecuritiesReiterated RatingHoldView Rating Details
3/31/2016Sandler O'NeillReiterated RatingHold$25.00 -> $24.00View Rating Details
3/18/2016Deutsche Bank AGReiterated RatingSell$28.00 -> $29.00View Rating Details
1/20/2016Sanford C. BernsteinReiterated RatingMarket PerformView Rating Details
11/16/2015Goldman Sachs Group, Inc. (The)DowngradeNeutral -> Sell$28.00View Rating Details
11/6/2015Credit Suisse GroupDowngradeNeutral -> Underperform$28.00 -> $29.00View Rating Details
7/8/2015Raymond James Financial, Inc.UpgradeMarket Perform -> OutperformView Rating Details
(Data available from 2/24/2015 forward)

Earnings

Earnings History for Progress Software (NASDAQ:PRGS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
3/28/2017        
1/16/2017Q4 2016$0.56$0.62$123.51 million$118.00 millionViewN/AView Earnings Details
9/28/2016Q316$0.45$0.44$104.72 million$102.00 millionViewListenView Earnings Details
6/29/2016Q216$0.29$0.33$96.10 millionViewListenView Earnings Details
3/30/2016Q116$0.29$0.27$93.15 million$89.50 millionViewListenView Earnings Details
1/12/2016Q415$0.49$0.53$115.40 millionViewListenView Earnings Details
10/1/2015Q315$0.37$0.39$100.70 millionViewListenView Earnings Details
7/1/2015Q215$0.32$0.35$100.90 millionViewListenView Earnings Details
4/1/2015Q115$0.24$0.29$94.40 million$95.50 millionViewListenView Earnings Details
1/13/2015Q414$0.44$0.47$96.44 million$97.90 millionViewN/AView Earnings Details
9/25/2014Q314$0.33$0.39$79.30 millionViewListenView Earnings Details
6/26/2014Q214$0.34$0.37$78.46 million$80.80 millionViewN/AView Earnings Details
3/27/2014Q114$0.28$0.28$74.75 million$74.50 millionViewN/AView Earnings Details
1/2/2014Q4$0.41$0.43$90.84 million$91.00 millionViewListenView Earnings Details
9/25/2013Q313$0.24$0.27$76.70 million$77.60 millionViewN/AView Earnings Details
6/26/2013Q2 2013$0.22$0.27$79.04 million$81.70 millionViewN/AView Earnings Details
3/27/2013Q1 2013$0.25$0.23$86.30 million$89.27 millionViewN/AView Earnings Details
1/3/2013Q4 2012$0.33$0.23$116.31 million$91.30 millionViewN/AView Earnings Details
6/27/2012$0.17$0.21ViewN/AView Earnings Details
3/28/2012$0.25$0.28ViewN/AView Earnings Details
1/3/2012$0.33$0.34ViewN/AView Earnings Details
9/27/2011$0.29$0.31ViewN/AView Earnings Details
6/28/2011$0.38$0.38ViewN/AView Earnings Details
3/28/2011$0.42$0.42ViewN/AView Earnings Details
12/21/2010$0.66$0.71$141.53 million$145.20 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Progress Software (NASDAQ:PRGS)
Current Year EPS Consensus Estimate: $1.65 EPS
Next Year EPS Consensus Estimate: $1.74 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.19$0.19$0.19
Q3 20161$0.33$0.33$0.33
Q4 20161$0.48$0.48$0.48
Q1 20171$0.20$0.20$0.20
Q2 20171$0.30$0.30$0.30
Q3 20171$0.39$0.39$0.39
Q4 20171$0.50$0.50$0.50
Q1 20181$0.24$0.24$0.24
Q2 20181$0.33$0.33$0.33
Q3 20181$0.41$0.41$0.41
Q4 20181$0.48$0.48$0.48
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Progress Software (NASDAQ:PRGS)
Annual Dividend:$0.50
Dividend Yield:1.73%
Payout Ratio:-42.73% (Based on Trailing 12 Months of Earnings)
30.30% (Based on Current Year Consensus EPS Estimate)
28.74% (Based on Next Year Consensus EPS Estimate)

Dividend History for Progress Software (NASDAQ:PRGS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/16/2017quarterly$0.131.73%2/27/20173/1/20173/15/2017
9/28/2016quarterly$0.1311/29/201612/1/201612/15/2016
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Progress Software (NASDAQ:PRGS)
Insider Ownership Percentage: 2.60%
Institutional Ownership Percentage: 92.80%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/3/2017Praesidium Investment ManagemeMajor ShareholderSell100,000$27.94$2,794,000.00View SEC Filing  
1/4/2017Praesidium Investment ManagemeMajor ShareholderSell850,000$30.81$26,188,500.00View SEC Filing  
9/12/2016Praesidium Investment ManagemeMajor ShareholderSell900,000$28.11$25,299,000.00View SEC Filing  
7/11/2016Paul A JalbertCAOSell21,041$28.93$608,716.13View SEC Filing  
6/10/2016Ram GuptaDirectorSell4,764$26.35$125,531.40View SEC Filing  
5/10/2016Barry N BycoffDirectorSell5,664$25.27$143,129.28View SEC Filing  
4/28/2016Michael MarkDirectorSell7,705$26.13$201,331.65View SEC Filing  
4/25/2016Charles Francis KaneDirectorSell10,000$26.13$261,300.00View SEC Filing  
4/20/2016David KrallDirectorSell7,705$26.04$200,638.20View SEC Filing  
4/13/2016Michael MarkDirectorSell8,497$25.25$214,549.25View SEC Filing  
2/17/2016Barry N. BycoffDirectorSell17,796$24.18$430,307.28View SEC Filing  
7/6/2015David A BensonEVPSell22,500$30.24$680,400.00View SEC Filing  
7/6/2015Michael MarkDirectorSell16,270$30.30$492,981.00View SEC Filing  
7/6/2015Stephen H FabermanSVPSell4,500$30.35$136,575.00View SEC Filing  
4/24/2015John GoodsonSVPSell13,504$26.18$353,534.72View SEC Filing  
2/5/2015Barry N BycoffDirectorSell11,418$26.01$296,982.18View SEC Filing  
1/16/2015Antonio J AquilinaSVPSell12,261$25.10$307,751.10View SEC Filing  
1/15/2015Philip M PeadCEOSell20,000$24.92$498,400.00View SEC Filing  
11/4/2014David KrallDirectorSell43,798$25.95$1,136,558.10View SEC Filing  
10/31/2014John GoodsonSVPSell22,500$25.73$578,925.00View SEC Filing  
7/22/2014Michael MarkDirectorSell14,252$23.82$339,482.64View SEC Filing  
7/21/2014Michael MarkDirectorSell9,252$23.74$219,642.48View SEC Filing  
7/7/2014Joseph AndrewsSVPSell7,500$23.91$179,325.00View SEC Filing  
7/1/2014John GoodsonSVPSell32,856$24.27$797,415.12View SEC Filing  
6/30/2014Joseph AndrewsSVPSell21,874$24.03$525,632.22View SEC Filing  
6/30/2014Michael MarkDirectorSell8,550$24.05$205,627.50View SEC Filing  
4/16/2014Antonio AquilinaSVPSell9,146$21.74$198,834.04View SEC Filing  
4/2/2014Ram GuptaDirectorSell18,160$22.20$403,152.00View SEC Filing  
2/13/2014Joseph AndrewsSVPSell7,500$24.50$183,750.00View SEC Filing  
2/10/2014Barry BycoffDirectorSell18,578$24.00$445,872.00View SEC Filing  
1/23/2014Barry BycoffDirectorSell18,922$24.58$465,102.76View SEC Filing  
11/7/2013Charles Francis KaneDirectorSell15,000$25.85$387,750.00View SEC Filing  
8/6/2013Jennifer SmithCMOSell2,533$25.75$65,224.75View SEC Filing  
8/1/2013Joseph AndrewsSVPSell11,250$25.85$290,812.50View SEC Filing  
7/9/2013Barry N BycoffDirectorSell42,154$24.50$1,032,773.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Progress Software (NASDAQ:PRGS)
DateHeadline
finance.yahoo.com logoMeWatt Uses Progress to Accelerate Mobile Application Development for Internet of Things (NASDAQ:PRGS)
finance.yahoo.com - February 21 at 5:34 PM
finance.yahoo.com logoProgress Makes Popular UI Library for Windows Application Development Open Source, Joining .NET Foundation (NASDAQ:PRGS)
finance.yahoo.com - February 8 at 8:59 PM
finance.yahoo.com logoProgress Announces ProgressNEXT 2017 Partner Conference (NASDAQ:PRGS)
finance.yahoo.com - February 6 at 8:58 AM
capitalcube.com logoProgress Software Corp. :PRGS-US: Earnings Analysis: Q4, 2016 By the Numbers : February 2, 2017 (NASDAQ:PRGS)
us.rd.yahoo.com - February 2 at 8:57 PM
us.rd.yahoo.com logo5 Liquid Stocks Potent Enough to Yield Solid Returns (NASDAQ:PRGS)
us.rd.yahoo.com - February 2 at 8:57 PM
capitalcube.com logoETFs with exposure to Progress Software Corp. : February 2, 2017 (NASDAQ:PRGS)
us.rd.yahoo.com - February 2 at 8:57 PM
finance.yahoo.com logoProgress Delivers Extended Support for Angular and Visual Studio 2017; Introduces 10 New UI Components (NASDAQ:PRGS)
finance.yahoo.com - February 1 at 10:03 PM
capitalcube.com logoProgress Software Corp. :PRGS-US: Earnings Analysis: 2016 By the Numbers : February 1, 2017 (NASDAQ:PRGS)
www.capitalcube.com - February 1 at 10:03 PM
finance.yahoo.com logoCianbro Construction Boosts Business Productivity and Reduces Development Time by 50% with Progress (NASDAQ:PRGS)
finance.yahoo.com - January 26 at 1:57 AM
capitalcube.com logoProgress Software Corp. – Value Analysis (NASDAQ:PRGS) : January 19, 2017 (NASDAQ:PRGS)
www.capitalcube.com - January 20 at 6:05 AM
rttnews.com logoProgress Software Corp. (PRGS) Fell To A New Low After Q4 Report (NASDAQ:PRGS)
www.rttnews.com - January 18 at 7:55 PM
News IconProgress Software Corporation (PRGS) Releases Earnings Results, Beats Expectations By $0.06 EPS (NASDAQ:PRGS)
larampadinapoli.com - January 18 at 7:55 PM
capitalcube.com logoProgress Software Corp. breached its 50 day moving average in a Bearish Manner : PRGS-US : January 18, 2017 (NASDAQ:PRGS)
www.capitalcube.com - January 18 at 7:55 PM
biz.yahoo.com logoPROGRESS SOFTWARE CORP /MA Files SEC form 8-K, Results of Operations and Financial Condition, Costs Associated with E (NASDAQ:PRGS)
biz.yahoo.com - January 18 at 7:55 PM
us.rd.yahoo.com logoEdited Transcript of PRGS earnings conference call or presentation 17-Jan-17 1:30pm GMT (NASDAQ:PRGS)
us.rd.yahoo.com - January 18 at 12:42 AM
News IconProgress Software Continues To Post Steep Loss In Afternoon Trading (NASDAQ:PRGS)
flapship.com - January 17 at 7:42 PM
seekingalpha.com logoProgress Software's (PRGS) CEO Yogesh Gupta on Q4 2016 Results - Earnings Call Transcript (NASDAQ:PRGS)
seekingalpha.com - January 17 at 7:41 PM
News IconProgress Software Corporation (NASDAQ:PRGS) Analyst Recommendation (NASDAQ:PRGS)
vgtoday.net - January 17 at 7:41 PM
News IconProgress Software Corporation (NASDAQ:PRGS) To Release Earnings (NASDAQ:PRGS)
myhealthbowl.com - January 17 at 7:41 PM
fool.com logoWhy Arista Networks, Progress Software, and Regions Financial Slumped Today (NASDAQ:PRGS)
www.fool.com - January 17 at 7:41 PM
feeds.benzinga.com logoMid-Afternoon Market Update: Crude Oil Up 1.2%; Progress Software Shares Plunge (NASDAQ:PRGS)
feeds.benzinga.com - January 17 at 4:19 PM
cnbc.com logoProgress Software shares fall after revenue miss (NASDAQ:PRGS)
www.cnbc.com - January 17 at 12:40 PM
us.rd.yahoo.com logoProgress Reports 2016 Fiscal Fourth Quarter and Year End Results (NASDAQ:PRGS)
us.rd.yahoo.com - January 17 at 10:55 AM
finance.yahoo.com logo4:50 am Progress Software beats by $0.06, misses on revs; guides Q1 EPS below consensus, revs below consensus; guides FY17 EPS below consensus, revs below consensus; announces new strategic plan (NASDAQ:PRGS)
finance.yahoo.com - January 17 at 10:55 AM
seekingalpha.com logoProgress Software beats by $0.10, misses on revenue (NASDAQ:PRGS)
seekingalpha.com - January 16 at 8:19 PM
sg.finance.yahoo.com logoProgress Software reports 4Q loss (NASDAQ:PRGS)
sg.finance.yahoo.com - January 16 at 7:48 PM
News IconWhy Could Progress Software Corporation (PRGS) Not Be As Efficient As Its Industry In The Past Year? (NASDAQ:PRGS)
simplywall.st - January 16 at 11:49 AM
finance.yahoo.com logoProgress Software Corporation (PRGS) (NASDAQ:PRGS)
finance.yahoo.com - January 16 at 11:49 AM
biz.yahoo.com logoQ4 2016 Progress Software Corp Earnings Release - After Market Close (NASDAQ:PRGS)
biz.yahoo.com - January 16 at 11:49 AM
News IconWith An ROE Of 1.7%, Has Progress Software Corporation’s (PRGS) Management Done A Good Job? (NASDAQ:PRGS)
simplywall.st - January 10 at 8:16 PM
finance.yahoo.com logoProgress Software Announces Details for Fiscal Fourth Quarter and 2016 Earnings Release and Conference Call (NASDAQ:PRGS)
finance.yahoo.com - January 10 at 8:16 PM
marketexclusive.com logoInsider Trading Activity Progress Software Corporation (NASDAQ:PRGS) – Major Shareholder Sold 850,000 shares of Stock (NASDAQ:PRGS)
marketexclusive.com - January 8 at 7:01 PM
marketexclusive.com logoAnalyst Activity – Argus Reiterates Hold on Progress Software Corporation (NASDAQ:PRGS) (NASDAQ:PRGS)
marketexclusive.com - December 31 at 12:40 AM
blogs.barrons.com logoProgress, QAD Are Enterprise Winners in the Trump Rally, Says Benchmark (NASDAQ:PRGS)
blogs.barrons.com - December 29 at 7:19 PM
thestreet.com logoProgress Software Is a Small-Cap, Software Star With Big Potential (NASDAQ:PRGS)
www.thestreet.com - December 29 at 9:02 AM
finance.yahoo.com logoProgress Releases New DataDirect Connector for Apache Cassandra (NASDAQ:PRGS)
finance.yahoo.com - December 12 at 9:38 AM
finance.yahoo.com logoThe Henry Ford Brings 26 Million Artifacts and 300 Years of American History to Digital Reality with Progress Sitefinity (NASDAQ:PRGS)
finance.yahoo.com - December 6 at 9:16 AM
insidermonkey.com logoHow Progress Software Corporation (PRGS) Stacks Up Against Its Peers (NASDAQ:PRGS)
www.insidermonkey.com - December 2 at 12:05 PM
4-traders.com logoPROGRESS SOFTWARE CORPORATION : ex-dividend day (NASDAQ:PRGS)
www.4-traders.com - November 30 at 12:14 PM
finance.yahoo.com logoProgress Announces Support for Microsoft Visual Studio 2017 (NASDAQ:PRGS)
finance.yahoo.com - November 16 at 7:14 PM
capitalcube.com logoProgress Software Corp. breached its 50 day moving average in a Bullish Manner : PRGS-US : November 11, 2016 (NASDAQ:PRGS)
www.capitalcube.com - November 11 at 9:47 AM
nasdaq.com logoProgress Software Shares Cross Below 200 DMA (NASDAQ:PRGS)
www.nasdaq.com - October 31 at 6:44 PM
finance.yahoo.com logoProgress DataDirect Hybrid Data Pipeline Revolutionizes Data Access for Cloud Applications (NASDAQ:PRGS)
finance.yahoo.com - October 31 at 9:46 AM
finance.yahoo.com logoFrost & Sullivan Honors Progress with 2016 Customer Value Leadership Award (NASDAQ:PRGS)
finance.yahoo.com - October 24 at 12:22 PM
finance.yahoo.com logoProgress Releases DigitalFactory: The Only Digital Transformation Solution Designed with the Marketer, IT and Developer in Mind (NASDAQ:PRGS)
finance.yahoo.com - October 19 at 3:24 PM
biz.yahoo.com logoPROGRESS SOFTWARE CORP /MA Files SEC form 8-K, Change in Directors or Principal Officers (NASDAQ:PRGS)
biz.yahoo.com - October 14 at 6:39 PM
News IconProgress Software, Amid Shift to Cloud, Names 4th CEO in Seven Years (NASDAQ:PRGS)
www.xconomy.com - October 13 at 7:00 PM
finance.yahoo.com logoPROGRESS SOFTWARE CORP /MA Financials (NASDAQ:PRGS)
finance.yahoo.com - October 12 at 6:49 PM
publicnow.com logoProgress Announces CEO Succession (NASDAQ:PRGS)
www.publicnow.com - October 10 at 6:25 PM
blogs.barrons.com logoProgress Software Names Gupta as New CEO Replacing Pead (NASDAQ:PRGS)
blogs.barrons.com - October 10 at 6:25 PM

Social

What is Progress Software's stock symbol?

Progress Software trades on the NASDAQ under the ticker symbol "PRGS."

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

Progress Software declared a quarterly dividend on Monday, January 16th. Stockholders of record on Wednesday, March 1st will be paid a dividend of $0.125 per share on Wednesday, March 15th. This represents a $0.50 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Monday, February 27th.

Where is Progress Software's stock going? Where will Progress Software's stock price be in 2017?

9 brokerages have issued 1 year target prices for Progress Software's shares. Their predictions range from $24.00 to $34.00. On average, they expect Progress Software's share price to reach $29.00 in the next year.

When will Progress Software announce their earnings?

Progress Software is scheduled to release their next quarterly earnings announcement on Tuesday, March, 28th 2017.

Who owns Progress Software stock?

Progress Software's stock is owned by many different of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (4.52%), Fiduciary Management Inc. WI (3.57%), State Street Corp (2.38%), Martingale Asset Management L P (0.48%), FMR LLC (0.46%) and Netols Asset Management Inc. (0.43%). Company insiders that own Progress Software stock include Barry N Bycoff, Charles Francis Kane, David A Benson, David Krall, John Goodson, Michael Mark, Paul A Jalbert, Praesidium Investment Manageme, Ram Gupta and Stephen H Faberman.

Who sold Progress Software stock? Who is selling Progress Software stock?

Progress Software's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Oxford Asset Management, AQR Capital Management LLC, Two Sigma Investments LP, Renaissance Technologies LLC, Trexquant Investment LP, Netols Asset Management Inc. and Tudor Investment Corp Et Al. Company insiders that have sold Progress Software stock in the last year include Barry N Bycoff, Charles Francis Kane, David Krall, Michael Mark, Paul A Jalbert, Praesidium Investment Manageme and Ram Gupta.

Who bought Progress Software stock? Who is buying Progress Software stock?

Progress Software's stock was purchased by a variety of institutional investors in the last quarter, including Discovery Group I LLC, Russell Investments Group Ltd., State Street Corp, Dimensional Fund Advisors LP, Fiduciary Management Inc. WI, Comerica Bank, Guggenheim Capital LLC and Martingale Asset Management L P.

How do I buy Progress Software stock?

Shares of Progress Software can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Progress Software stock cost?

One share of Progress Software stock can currently be purchased for approximately $28.98.

Progress Software (NASDAQ:PRGS) Chart for Friday, February, 24, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Progress Software (NASDAQ:PRGS)

Earnings History Chart

Earnings by Quarter for Progress Software (NASDAQ:PRGS)

Dividend History Chart

Dividend Payments by Quarter for Progress Software (NASDAQ:PRGS)

Last Updated on 2/24/2017 by MarketBeat.com Staff