Progress Software Corp. Company Profile (NASDAQ:PRGS)

About Progress Software Corp.

Progress Software Corporation is a global software company. The Company offers solutions in the development, deployment and management of business applications on premise or in the cloud, on platforms or devices, to various data sources. The Company operates through three segments: OpenEdge; Data Connectivity and Integration, and Application Development and Deployment. The solutions within the OpenEdge business segment include Progress OpenEdge and Progress Corticon. The Data Connectivity and Integration business segment is focused on its data assets, including the data integration components of its cloud offerings. The solutions within Data Connectivity and Integration business segment include Progress DataDirect Connect and Progress DataDirect Cloud. The solutions within the Application Development and Deployment business segment include Telerik Dev Tools, Telerik Dev Cloud, Telerik Platform, Telerik ALM, Telerik Sitefinity, Progress Rollbase and Modulus.

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: $27.20
50 Day Moving Average: $28.43
200 Day Moving Average: $26.91
52-Week Range: $21.94 - $29.80
Trailing P/E Ratio: 158.14
Foreward P/E Ratio: 18.89
P/E Growth: 1.71
Market Cap: $1.32B
Outstanding Shares: 48,476,000
Beta: 1.22

Profitability:

Net Margins: 2.15%
Return on Equity: 12.08%
Return on Assets: 7.17%

Debt:

Debt-to-Equity Ratio: 0.25%
Current Ratio: 1.58%
Quick Ratio: 1.53%

Additional Links:

Companies Related to Progress Software Corp.:

Consensus Ratings for Progress Software Corp. (NASDAQ:PRGS) (?)

Ratings Breakdown:	4 Sell Ratings, 5 Hold Ratings, 2 Buy Ratings
Consensus Rating:	Hold (Score: 1.82)
Consensus Price Target:	$28.25 (3.86% upside)

Analysts' Ratings History for Progress Software Corp. (NASDAQ:PRGS)

Show:

Date	Firm	Action	Rating	Price Target
9/13/2016	Ladenburg Thalmann	Downgrade	Buy -> Neutral
7/3/2016	JMP Securities	Reiterated Rating	Hold
6/26/2016	Wedbush	Reiterated Rating	Hold	$24.00
6/3/2016	Citigroup Inc.	Downgrade	Neutral -> Sell	$36.00 -> $31.00
3/31/2016	Sandler O'Neill	Reiterated Rating	Hold	$25.00 -> $24.00
3/18/2016	Deutsche Bank AG	Reiterated Rating	Sell	$28.00 -> $29.00
1/20/2016	Sanford C. Bernstein	Reiterated Rating	Market Perform
1/15/2016	Benchmark Co.	Boost Price Target	Buy	$28.00 -> $31.00
11/16/2015	Goldman Sachs Group Inc.	Downgrade	Neutral -> Sell	$28.00
11/6/2015	Credit Suisse Group AG	Downgrade	Neutral -> Underperform	$28.00 -> $29.00
10/2/2015	Sidoti	Upgrade	Neutral -> Buy	$30.00
7/8/2015	Raymond James Financial Inc.	Upgrade	Market Perform -> Outperform
10/22/2014	Needham & Company LLC	Reiterated Rating	Hold

(Data available from 10/1/2014 forward)

Earnings History for Progress Software Corp. (NASDAQ:PRGS)

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
9/29/2016
9/28/2016	Q316	$0.45	$0.44	$104.72 million	$102.00 million	View	Listen
6/29/2016	Q216	$0.29	$0.33		$96.10 million	View	Listen
3/30/2016	Q116	$0.29	$0.27	$93.15 million	$89.50 million	View	Listen
1/12/2016	Q415	$0.49	$0.53		$115.40 million	View	Listen
10/1/2015	Q315	$0.37	$0.39		$100.70 million	View	Listen
7/1/2015	Q215	$0.32	$0.35		$100.90 million	View	Listen
4/1/2015	Q115	$0.24	$0.29	$94.40 million	$95.50 million	View	Listen
1/13/2015	Q414	$0.44	$0.47	$96.44 million	$97.90 million	View	N/A
9/25/2014	Q314	$0.33	$0.39		$79.30 million	View	Listen
6/26/2014	Q214	$0.34	$0.37	$78.46 million	$80.80 million	View	N/A
3/27/2014	Q114	$0.28	$0.28	$74.75 million	$74.50 million	View	N/A
1/2/2014	Q4	$0.41	$0.43	$90.84 million	$91.00 million	View	Listen
9/25/2013	Q313	$0.24	$0.27	$76.70 million	$77.60 million	View	N/A
6/26/2013	Q2 2013	$0.22	$0.27	$79.04 million	$81.70 million	View	N/A
3/27/2013	Q1 2013	$0.25	$0.23	$86.30 million	$89.27 million	View	N/A
1/3/2013	Q4 2012	$0.33	$0.23	$116.31 million	$91.30 million	View	N/A
6/27/2012		$0.17	$0.21			View	N/A
3/28/2012		$0.25	$0.28			View	N/A
1/3/2012		$0.33	$0.34			View	N/A
9/27/2011		$0.29	$0.31			View	N/A
6/28/2011		$0.38	$0.38			View	N/A
3/28/2011		$0.42	$0.42			View	N/A
12/21/2010		$0.66	$0.71	$141.53 million	$145.20 million	View	N/A

(Data available from 1/1/2011 forward)

Earnings Estimates for Progress Software Corp. (NASDAQ:PRGS)

Current Year EPS Consensus Estimate: $1.31 EPS
Next Year EPS Consensus Estimate: $1.44 EPS

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2016	1	$0.19	$0.19	$0.19
Q3 2016	1	$0.33	$0.33	$0.33
Q4 2016	1	$0.48	$0.48	$0.48
Q1 2017	2	$0.20	$0.22	$0.21
Q2 2017	2	$0.27	$0.28	$0.28
Q3 2017	1	$0.36	$0.36	$0.36
Q4 2017	1	$0.55	$0.55	$0.55

(Data provided by Zacks Investment Research)

Dividend History for Progress Software Corp. (NASDAQ:PRGS)

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
9/28/2016	quarterly	$0.13		11/29/2016	12/1/2016	12/15/2016

(Data available from 1/1/2013 forward)

Insider Trading History for Progress Software Corp. (NASDAQ:PRGS)

Insider Ownership Percentage: 2.60%
Institutional Ownership Percentage: 92.65%

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction
9/12/2016	Praesidium Investment Manageme	Major Shareholder	Sell	900,000	$28.11	$25,299,000.00
7/11/2016	Paul A Jalbert	CAO	Sell	21,041	$28.93	$608,716.13
6/10/2016	Ram Gupta	Director	Sell	4,764	$26.35	$125,531.40
5/10/2016	Barry N Bycoff	Director	Sell	5,664	$25.27	$143,129.28
4/28/2016	Michael Mark	Director	Sell	7,705	$26.13	$201,331.65
4/25/2016	Charles Francis Kane	Director	Sell	10,000	$26.13	$261,300.00
4/20/2016	David Krall	Director	Sell	7,705	$26.04	$200,638.20
4/13/2016	Michael Mark	Director	Sell	8,497	$25.25	$214,549.25
2/17/2016	Barry N. Bycoff	Director	Sell	17,796	$24.18	$430,307.28
7/6/2015	David A Benson	EVP	Sell	22,500	$30.24	$680,400.00
7/6/2015	Michael Mark	Director	Sell	16,270	$30.30	$492,981.00
7/6/2015	Stephen H Faberman	SVP	Sell	4,500	$30.35	$136,575.00
4/24/2015	John Goodson	SVP	Sell	13,504	$26.18	$353,534.72
2/5/2015	Barry N Bycoff	Director	Sell	11,418	$26.01	$296,982.18
1/16/2015	Antonio J Aquilina	SVP	Sell	12,261	$25.10	$307,751.10
1/15/2015	Philip M Pead	CEO	Sell	20,000	$24.92	$498,400.00
11/4/2014	David Krall	Director	Sell	43,798	$25.95	$1,136,558.10
10/31/2014	John Goodson	SVP	Sell	22,500	$25.73	$578,925.00
7/22/2014	Michael Mark	Director	Sell	14,252	$23.82	$339,482.64
7/21/2014	Michael Mark	Director	Sell	9,252	$23.74	$219,642.48
7/7/2014	Joseph Andrews	SVP	Sell	7,500	$23.91	$179,325.00
7/1/2014	John Goodson	SVP	Sell	32,856	$24.27	$797,415.12
6/30/2014	Joseph Andrews	SVP	Sell	21,874	$24.03	$525,632.22
6/30/2014	Michael Mark	Director	Sell	8,550	$24.05	$205,627.50
4/16/2014	Antonio Aquilina	SVP	Sell	9,146	$21.74	$198,834.04
4/2/2014	Ram Gupta	Director	Sell	18,160	$22.20	$403,152.00
2/13/2014	Joseph Andrews	SVP	Sell	7,500	$24.50	$183,750.00
2/10/2014	Barry Bycoff	Director	Sell	18,578	$24.00	$445,872.00
1/23/2014	Barry Bycoff	Director	Sell	18,922	$24.58	$465,102.76
11/7/2013	Charles Francis Kane	Director	Sell	15,000	$25.85	$387,750.00
8/6/2013	Jennifer Smith	CMO	Sell	2,533	$25.75	$65,224.75
8/1/2013	Joseph Andrews	SVP	Sell	11,250	$25.85	$290,812.50
7/9/2013	Barry N Bycoff	Director	Sell	42,154	$24.50	$1,032,773.00

(Data available from 1/1/2013 forward)

Latest Headlines for Progress Software Corp. (NASDAQ:PRGS)

Date	Headline
	Progress Software Corp Earnings Advance 8% In Q3 (NASDAQ:PRGS) www.nasdaq.com - September 29 at 11:59 AM
	Progress Software Corp. (PRGS) Is Losing Ground After Q3 Miss (NASDAQ:PRGS) www.rttnews.com - September 29 at 11:59 AM
	ETF’s with exposure to Progress Software Corp. : September 29, 2016 (NASDAQ:PRGS) www.capitalcube.com - September 29 at 11:59 AM
	3 Stocks to Watch on Thursday: Pier 1 Imports Inc (PIR), Intra-Cellular Therapies Inc (ITCI) and Progress Software Corporation (PRGS) (NASDAQ:PRGS) investorplace.com - September 29 at 8:55 AM
	Progress Software posts 3Q profit (NASDAQ:PRGS) sg.finance.yahoo.com - September 28 at 6:37 PM
	Progress Drops 9% as FYQ3 Revenue, Earnings Miss; Q4 Earnings View Light (NASDAQ:PRGS) blogs.barrons.com - September 28 at 6:37 PM
	Progress Software shares fall 9% after results miss targets (NASDAQ:PRGS) www.marketwatch.com - September 28 at 6:37 PM
	Q3 2016 Progress Software Corp Earnings Release - 4:30 pm ET (NASDAQ:PRGS) biz.yahoo.com - September 28 at 12:04 PM
	Progress Software Announces Details for Fiscal Third Quarter 2016 Earnings Release and Conference Call (NASDAQ:PRGS) www.publicnow.com - September 21 at 10:54 AM
	Progress Releases Kendo UI Builder: The Essential Foundation for Transformative Business Applications (NASDAQ:PRGS) finance.yahoo.com - September 19 at 11:23 AM
	Progress Embraces Latest Programming Frameworks, Including Angular 2, ASP.NET Core, Universal Windows Platform and Xamarin (NASDAQ:PRGS) www.publicnow.com - September 15 at 10:23 AM
	Progress Software downgraded by Ladenburg Thalmann (NASDAQ:PRGS) finance.yahoo.com - September 14 at 11:13 AM
	Progress Software downgraded by Ladenburg Thalmann (NASDAQ:PRGS) finance.yahoo.com - September 14 at 11:13 AM
	Many Organizations Lag in Digital Marketing Maturity, According to Progress Survey (NASDAQ:PRGS) finance.yahoo.com - September 14 at 11:13 AM
	Many Organizations Lag in Digital Marketing Maturity, According to Progress Survey (NASDAQ:PRGS) finance.yahoo.com - September 14 at 11:13 AM
	Ladenburg Downgrades Progress Software, Cites Valuation (NASDAQ:PRGS) www.benzinga.com - September 13 at 11:45 AM
	Progress Software Corporation (NASDAQ:PRGS) Broker Price Targets For The Coming Week (NASDAQ:PRGS) www.nationaldailypress.com - September 12 at 6:33 PM
	Trevor Rogers sets sights on partner Progress in new role (NASDAQ:PRGS) www.arnnet.com.au - September 9 at 11:37 AM
	ETF’s with exposure to Progress Software Corp. : September 2, 2016 (NASDAQ:PRGS) www.capitalcube.com - September 2 at 11:44 AM
	Notable Wednesday Option Activity: PRGS, CHS, SWHC (NASDAQ:PRGS) www.nasdaq.com - September 1 at 6:49 PM
	Progress Survey Reveals 93% of Fast Moving Consumer Goods Companies Feel Pressure to Embrace Digital Transformation (NASDAQ:PRGS) finance.yahoo.com - August 31 at 12:03 PM
	ETF’s with exposure to Progress Software Corp. : August 9, 2016 (NASDAQ:PRGS) www.capitalcube.com - August 9 at 7:11 PM
	Progress CEO Pead Aims to Ameliorate the 'Emasculation' of IT (NASDAQ:PRGS) blogs.barrons.com - August 5 at 7:09 PM
	Progress Introduces Day One Support for High-Performance Big Data Connectivity (NASDAQ:PRGS) finance.yahoo.com - August 2 at 11:53 AM
	Progress (Nasdaq: PRGS) to Ring The Nasdaq Stock Market Opening Bell (NASDAQ:PRGS) www.publicnow.com - August 1 at 10:11 AM
	ETF’s with exposure to Progress Software Corp. : July 29, 2016 (NASDAQ:PRGS) www.capitalcube.com - July 29 at 1:48 PM
	Progress : Appoints Former EMC and Oracle Executive, Mitch Breen, to the Role of Chief Revenue Officer (NASDAQ:PRGS) www.4-traders.com - July 26 at 7:18 PM
	Progress Software Corp. :PRGS-US: Earnings Analysis: Q2, 2016 By the Numbers : July 26, 2016 (NASDAQ:PRGS) www.capitalcube.com - July 26 at 9:46 AM
	Progress Software : The Progress Common Component Specification Project Hits Major Milestones on First Anniversary (NASDAQ:PRGS) www.4-traders.com - July 25 at 11:20 AM
	The Progress Common Component Specification Project Hits Major Milestones on First Anniversary (NASDAQ:PRGS) finance.yahoo.com - July 25 at 5:00 AM
	Chief Accounting Officer of Progress Software Corporation (NASDAQ:PRGS), Jalbert Paul A, sells 21,041 shares worth $608,651 (NASDAQ:PRGS) empowerednews.net - July 13 at 7:19 PM
	3 Reasons Why Progress Software (PRGS) is a Great Momentum Stock (NASDAQ:PRGS) finance.yahoo.com - July 12 at 8:55 AM
	PROGRESS SOFTWARE CORP /MA Files SEC form 10-Q, Quarterly Report (NASDAQ:PRGS) biz.yahoo.com - July 8 at 9:17 AM
	Progress Software Corporation (PRGS) Gains on Q2 Earnings (NASDAQ:PRGS) www.baystreet.ca - July 1 at 6:58 PM
	Progress Software Spikes On Q2 Earnings (NASDAQ:PRGS) www.investing.com - July 1 at 6:58 PM
	Progress Software Corporation (PRGS) Jumps 9.01% on June 30 (NASDAQ:PRGS) www.equities.com - July 1 at 6:58 PM
	Progress Software, Newmont Mining shares gain after brokers keep them on hold (NASDAQ:PRGS) www.proactiveinvestors.com - July 1 at 6:58 PM
	Progress Software Corp. (PRGS) Broke Out On Better Than Expected Q2 Earnings (NASDAQ:PRGS) www.rttnews.com - July 1 at 6:58 PM
	ETF’s with exposure to Progress Software Corp. : June 30, 2016 (NASDAQ:PRGS) www.capitalcube.com - June 30 at 4:03 PM
	Progress Software Rises on FYQ2 Earnings Beat; Year Rev View Beats (NASDAQ:PRGS) blogs.barrons.com - June 30 at 9:45 AM
	Progress Software Corp Q2 Earnings Retreat 9% (NASDAQ:PRGS) www.nasdaq.com - June 30 at 9:45 AM
	Progress Software Corp. (PRGS) Is Rising After Q2 Earnings Topped Expectations (NASDAQ:PRGS) www.rttnews.com - June 30 at 9:45 AM
	Progress Software posts 2Q profit (NASDAQ:PRGS) finance.yahoo.com - June 30 at 9:45 AM
	Q2 2016 Progress Software Corp Earnings Release - After Market Close (NASDAQ:PRGS) biz.yahoo.com - June 29 at 7:07 AM
	Progress Software Corp. breached its 50 day moving average in a Bearish Manner : PRGS-US : June 27, 2016 (NASDAQ:PRGS) www.capitalcube.com - June 27 at 10:06 AM
	Wedbush announced (NASDAQ:PRGS) Progress Software Corporation, hiking its price target to $24 earlier today (NASDAQ:PRGS) breakingfinancenews.com - June 25 at 6:22 PM
	Progress Software Corporation: Progress Software Announces Details for Fiscal Second Quarter 2016 Earnings Release and Conference Call (NASDAQ:PRGS) www.twst.com - June 22 at 11:37 AM
	Progress Software Announces Details for Fiscal Second Quarter 2016 Earnings Release and Conference Call (NASDAQ:PRGS) www.publicnow.com - June 22 at 9:09 AM
	ETF’s with exposure to Progress Software Corp. : June 17, 2016 (NASDAQ:PRGS) www.capitalcube.com - June 17 at 5:29 PM
	Progress Software Corporation (NASDAQ:PRGS) Trading Down – Insiders Selling, Short Interest Growing (NASDAQ:PRGS) www.fidaily.com - June 16 at 7:09 PM