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Progress Software Stock Price, Forecast & Analysis (NASDAQ:PRGS)

$41.51
-0.28 (-0.67 %)
(As of 11/13/2019 03:25 PM ET)
Today's Range
$41.22
Now: $41.51
$41.76
50-Day Range
$37.07
MA: $39.60
$41.64
52-Week Range
$31.78
Now: $41.51
$47.60
Volume7,917 shs
Average Volume381,227 shs
Market Capitalization$1.86 billion
P/E Ratio19.49
Dividend Yield1.50%
Beta0.82
Progress Software Corporation develops business applications worldwide. The company operates in three segments: OpenEdge, Data Connectivity and Integration, and Application Development and Deployment. The OpenEdge segment offers Progress OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; Progress Corticon, a business rules management system that enables applications with decision automation and change process, and decision-related insight capabilities; Progress Kinvey, a platform for building enterprise applications; NativeScript, an open-source application development platform; and DataRPM, a cognitive predictive maintenance solution for industrial IoT. Read More…

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustrySystems Software
SectorComputer and Technology
Current SymbolNASDAQ:PRGS
CUSIP74331210
Phone781-280-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$397.17 million
Cash Flow$3.18 per share
Book Value$6.91 per share

Profitability

Net Income$63.49 million

Miscellaneous

Employees1,412
Market Cap$1.86 billion
Next Earnings Date1/16/2020 (Estimated)
OptionableOptionable

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Progress Software (NASDAQ:PRGS) Frequently Asked Questions

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 Thursday, September 26th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.165 per share on Monday, December 16th. This represents a $0.66 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Progress Software's previous quarterly dividend of $0.16. View Progress Software's Dividend History.

How were Progress Software's earnings last quarter?

Progress Software Corp (NASDAQ:PRGS) announced its quarterly earnings data on Thursday, September, 26th. The software maker reported $0.75 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.68 by $0.07. The software maker had revenue of $115.52 million for the quarter, compared to analysts' expectations 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 was up 24.6% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. View Progress Software's Earnings History.

When is Progress Software's next earnings date?

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

What guidance has Progress Software issued on next quarter's earnings?

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.

What price target have analysts set for PRGS?

4 Wall Street analysts have issued 1-year price objectives for Progress Software's shares. Their forecasts range from $49.00 to $53.00. On average, they expect Progress Software's stock price to reach $51.00 in the next year. This suggests a possible upside of 22.9% from the stock's current price. View Analyst Price Targets for Progress Software.

What is the consensus analysts' recommendation 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.

Has Progress Software been receiving favorable news coverage?

Media stories about PRGS stock have trended very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Progress Software earned a news impact score of -3.2 on InfoTrie's scale. They also gave news coverage about the software maker a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for Progress Software.

Are investors shorting Progress Software?

Progress Software saw a decline in short interest during the month of October. As of October 15th, there was short interest totalling 722,400 shares, a decline of 10.1% from the September 15th total of 803,300 shares. Based on an average daily volume of 305,100 shares, the short-interest ratio is currently 2.4 days. Approximately 1.6% of the shares of the stock are sold short. View Progress Software's Current Options Chain.

Who are some of Progress Software's key competitors?

What other stocks do shareholders of Progress Software own?

Who are Progress Software's key executives?

Progress Software's management team includes the folowing people:
  • Mr. Yogesh Gupta, CEO, Pres & Director (Age 58)
  • Mr. Paul A. Jalbert, Chief Financial Officer (Age 62)
  • Mr. Dmitri Tcherevik, Chief Technology Officer (Age 49)
  • Ms. Loren Weinberg Jarrett, Chief Marketing Officer (Age 44)
  • Mr. John Ainsworth, Sr. VP of Core Products (Age 54)

Who are Progress Software's major shareholders?

Progress Software's stock is owned by a number of of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (1.94%), Boston Trust Walden Corp (1.64%), Russell Investments Group Ltd. (1.18%), Chartwell Investment Partners LLC (0.74%), Robeco Institutional Asset Management B.V. (0.34%) and Rhumbline Advisers (0.31%). 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.

Which institutional investors are selling Progress Software stock?

PRGS stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Robeco Institutional Asset Management B.V., Chicago Equity Partners LLC, First Quadrant L P CA, Dupont Capital Management Corp, Chartwell Investment Partners LLC, Mackay Shields LLC and Boston Private Wealth 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.

Which institutional investors are buying Progress Software stock?

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

How do I buy shares of 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.

What is Progress Software's stock price today?

One share of PRGS stock can currently be purchased for approximately $41.51.

How big of a company is Progress Software?

Progress Software has a market capitalization of $1.86 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.

What is Progress Software's official website?

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

How can I contact Progress Software?

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]


MarketBeat Community Rating for Progress Software (NASDAQ PRGS)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  337 (Vote Outperform)
Underperform Votes:  388 (Vote Underperform)
Total Votes:  725
MarketBeat's community ratings are surveys of what our community members think about Progress Software and other stocks. Vote "Outperform" if you believe PRGS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PRGS will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/13/2019 by MarketBeat.com Staff

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