NASDAQ:PRGS - Progress Software Stock Price, Forecast & News

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

Progress Software declared a quarterly dividend on Thursday, September 26th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.165 per share on Monday, December 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Friday, November 29th. This is a boost from Progress Software's previous quarterly dividend of $0.16. View Progress Software's Dividend History.

Progress Software Corp (NASDAQ:PRGS) issued its quarterly earnings results on Thursday, September, 26th. The software maker reported $0.75 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.68 by $0.07. The software maker had revenue of $115.52 million for the quarter, compared to analyst estimates of $110.83 million. Progress Software had a net margin of 12.16% and a return on equity of 32.10%. The company's revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. View Progress Software's Earnings History.

Progress Software is scheduled to release their next quarterly earnings announcement on Thursday, January 16th 2020. View Earnings Estimates for Progress Software.

Progress Software updated its fourth quarter earnings guidance on Thursday, September, 26th. The company provided earnings per share guidance of $0.73-0.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.74. The company issued revenue guidance of $116-119 million, compared to the consensus revenue estimate of $122.13 million.

4 brokerages have issued twelve-month price targets for Progress Software's stock. Their forecasts range from $49.00 to $53.00. On average, they anticipate Progress Software's stock price to reach $51.00 in the next year. This suggests a possible upside of 20.9% from the stock's current price. View Analyst Price Targets for Progress Software.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progress Software in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Progress Software.

Media headlines about PRGS stock have been trending negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Progress Software earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave media coverage about the software maker a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Progress Software.

Progress Software saw a increase in short interest in the month of November. As of November 29th, there was short interest totalling 509,700 shares, an increase of 6.3% from the November 14th total of 479,400 shares. Based on an average trading volume of 279,300 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.2% of the shares of the stock are sold short. View Progress Software's Current Options Chain.

Some companies that are related to Progress Software include Microsoft (MSFT), Oracle (ORCL), VMware (VMW), ServiceNow (NOW), Fortinet (FTNT), Symantec (SYMC), Proofpoint (PFPT), Qualys (QLYS), CommVault Systems (CVLT), TiVo (TIVO) and FalconStor Software (FALC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Progress Software investors own include Energy Transfer LP Unit (ET), Intel (INTC), Micron Technology (MU), Alibaba Group (BABA), Cornerstone Total Return Fund (CRF), Advanced Micro Devices (AMD), Cypress Semiconductor (CY), CBL & Associates Properties (CBL), CROWN CASTLE IN/SH SH (CCI) and Ford Motor (F).

Progress Software's stock is owned by a variety of of retail and institutional investors. Top institutional investors include State Street Corp (3.10%), Man Group plc (2.82%), Fisher Asset Management LLC (1.94%), Boston Trust Walden Corp (1.64%), Russell Investments Group Ltd. (1.18%) and Chartwell Investment Partners LLC (0.74%). Company insiders that own Progress Software stock include Anthony Murphy, Charles Francis Kane, Dimitre Taslakov, John R Egan and Michael Mark. View Institutional Ownership Trends for Progress Software.

PRGS stock was sold by a variety of institutional investors in the last quarter, including Man Group plc, First Trust Advisors LP, Robeco Institutional Asset Management B.V., State Street Corp, Chicago Equity Partners LLC, First Quadrant L P CA, Dupont Capital Management Corp and Chartwell Investment Partners LLC. Company insiders that have sold Progress Software company stock in the last year include Anthony Murphy, Charles Francis Kane, Dimitre Taslakov and John R Egan. View Insider Buying and Selling for Progress Software.

PRGS stock was purchased by a variety of institutional investors in the last quarter, including Boston Trust Walden Corp, Millennium Management LLC, Squarepoint Ops LLC, State of New Jersey Common Pension Fund D, Sumitomo Mitsui Trust Holdings Inc., California Public Employees Retirement System, State of Alaska Department of Revenue and Comerica Bank. View Insider Buying and Selling for Progress Software.

Shares of PRGS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of PRGS stock can currently be purchased for approximately $42.18.

Progress Software has a market capitalization of $1.89 billion and generates $397.17 million in revenue each year. The software maker earns $63.49 million in net income (profit) each year or $2.13 on an earnings per share basis. Progress Software employs 1,412 workers across the globe.View Additional Information About Progress Software.

The official website for Progress Software is http://www.progress.com/.

Progress Software's mailing address is 14 OAK PARK DRIVE, BEDFORD MA, 01730. The software maker can be reached via phone at 781-280-4000 or via email at [email protected]