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

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

Progress Software announced a quarterly dividend on Thursday, September 26th. Investors 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 of this dividend is Friday, November 29th. This is a positive change from Progress Software's previous quarterly dividend of $0.16. View Progress Software's Dividend History.

Progress Software Corp (NASDAQ:PRGS) posted its quarterly earnings data on Thursday, September, 26th. The software maker reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. The software maker earned $115.52 million during the quarter, compared to the consensus estimate of $110.83 million. Progress Software had a net margin of 12.16% and a return on equity of 32.10%. The business's revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. 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 (EPS) guidance of $0.73-0.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.74. The company issued revenue guidance of $116-119 million, compared to the consensus revenue estimate of $122.13 million.

4 equities research analysts have issued 1 year target prices for Progress Software's shares. Their forecasts range from $49.00 to $53.00. On average, they anticipate Progress Software's share price to reach $51.00 in the next twelve months. 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.

News headlines about PRGS stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Progress Software earned a daily sentiment score of -1.1 on InfoTrie's scale. They also assigned news headlines 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 company's share price in the near term. 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 daily trading volume, of 279,300 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.2% of the company's shares 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 many different of institutional and retail 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]