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NASDAQ:PRGS

Progress Software (PRGS) Stock Price, News & Analysis

$57.89
+0.45 (+0.78%)
(As of 07/26/2024 ET)
Today's Range
$57.47
$58.22
50-Day Range
$48.20
$57.89
52-Week Range
$48.00
$62.34
Volume
306,651 shs
Average Volume
507,181 shs
Market Capitalization
$2.48 billion
P/E Ratio
35.30
Dividend Yield
1.21%
Price Target
$63.29

Progress Software MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
9.3% Upside
$63.29 Price Target
Short Interest
Bearish
10.38% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.68
Upright™ Environmental Score
News Sentiment
0.96mentions of Progress Software in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$2.57 M Sold Last Quarter
Proj. Earnings Growth
7.71%
From $3.89 to $4.19 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.21 out of 5 stars

Computer And Technology Sector

162nd out of 612 stocks

Prepackaged Software Industry

50th out of 202 stocks

PRGS stock logo

About Progress Software Stock (NASDAQ:PRGS)

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. 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; Corticon, a decision automation platform to transform user experiences by streamlining and automating complex business rules; MarkLogic, a data agility platform to connect data and metadata; and Semaphore, a Semantic AI platform. The company offers project management, implementation, custom software 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, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.

PRGS Stock Price History

PRGS Stock News Headlines

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Progress Software Stock Back in the Green After Beating Forecasts
Progress Software NASDAQ: PRGS is a technology company within the systems software sub-industry. The stock reached its 2024 low on Jun. 20, when it was down nearly 11% year to date.
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Progress Software Stock Back in the Green After Beating Forecasts (PRGS)
Progress Software is back in the green in 2024 after beating earnings estimates once again. Shares spiked nearly 13% on Jun. 26 2024.
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PRGS Jul 2024 47.500 put
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Expert Outlook: Progress Software Through The Eyes Of 5 Analysts
See More Headlines
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Company Calendar

Ex-Dividend for 6/17 Dividend
6/03/2024
Dividend Payable
6/17/2024
Last Earnings
6/25/2024
Today
7/26/2024
Ex-Dividend for 9/16 Dividend
8/30/2024
Dividend Payable
9/16/2024
Next Earnings (Estimated)
9/24/2024
Fiscal Year End
11/30/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Systems Software
Current Symbol
NASDAQ:PRGS
CUSIP
74331210
Employees
2,284
Year Founded
1981

Price Target and Rating

Average Stock Price Target
$63.29
High Stock Price Target
$68.00
Low Stock Price Target
$55.00
Potential Upside/Downside
+9.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$70.20 million
Pretax Margin
11.64%

Debt

Sales & Book Value

Annual Sales
$694.44 million
Cash Flow
$6.38 per share
Book Value
$9.39 per share

Miscellaneous

Free Float
41,322,000
Market Cap
$2.48 billion
Optionable
Optionable
Beta
0.93

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Key Executives

  • Mr. Yogesh K. Gupta (Age 63)
    CEO, President & Director
    Comp: $1.45M
  • Mr. Anthony Folger (Age 52)
    Executive VP & CFO
    Comp: $870.79k
  • Mr. John Ainsworth (Age 59)
    Executive VP & GM of Application & Data Platform
    Comp: $761.07k
  • Ms. Loren Weinberg Jarrett (Age 49)
    Executive VP & GM of Digital Experience
    Comp: $752.38k
  • Mr. Sundar Subramanian (Age 44)
    Executive VP & GM of Infrastructure Management
    Comp: $773.01k
  • Mr. Domenic Lococo
    Chief Accounting Officer
  • Mr. Ian Pitt (Age 57)
    Executive VP & Chief Information Officer
  • Mr. Brian Flanagan
    Directory of Treasury & Investor Relations
  • Ms. YuFan Wang (Age 41)
    Executive Vice President, Chief Legal Officer & Secretary
  • Ms. Jennifer Ortiz (Age 48)
    Executive Vice President of Marketing

PRGS Stock Analysis - Frequently Asked Questions

How have PRGS shares performed this year?

Progress Software's stock was trading at $54.30 at the start of the year. Since then, PRGS shares have increased by 6.6% and is now trading at $57.89.
View the best growth stocks for 2024 here
.

How were Progress Software's earnings last quarter?

Progress Software Co. (NASDAQ:PRGS) posted its earnings results on Tuesday, June, 25th. The software maker reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.13. The software maker had revenue of $175.08 million for the quarter, compared to analyst estimates of $168.60 million. Progress Software had a trailing twelve-month return on equity of 36.88% and a net margin of 10.29%.

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.

Does Progress Software have any subsidiaries?

Progress Software subsidiaries include these companies: Chef, Ipswitch, Kinvey, DataRPM, OneBit Software, Progress Telerik, BravePoint, and more.

Who are Progress Software's major shareholders?

Top institutional shareholders of Progress Software include Boston Trust Walden Corp (4.60%), Allspring Global Investments Holdings LLC (2.02%), Swedbank AB (1.11%) and Ceredex Value Advisors LLC (0.50%). Insiders that own company stock include Yogesh K Gupta, David Krall, Charles Francis Kane, Anthony Folger, John Ainsworth, Sundar Subramanian, Loren Jarrett, Jennifer Ortiz, Kathryn Kulikoski, Ian Pitt, Domenic Lococo, Jeremy Segal, Yufan Stephanie Wang and Gary Quinn.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Progress Software own?

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

This page (NASDAQ:PRGS) was last updated on 7/26/2024 by MarketBeat.com Staff

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