Progress Software Company Profile (NASDAQ:PRGS)

About Progress Software (NASDAQ:PRGS)

Progress Software Corporation is engaged in application development. The Company operates through three segments: OpenEdge, Data Connectivity and Integration (DCI), and Application Development and Deployment (AppDev). The OpenEdge business segment provides the product enhancements and marketing support to its partner base. It is also focused on providing partners and direct end users with a path to develop and integrate cloud-based applications. Its solutions include Progress OpenEdge and Progress Corticon. The DCI segment is focused on its data assets, including the data integration components of its cloud offerings. Its solutions include Progress DataDirect Connect and Progress DataDirect Cloud. The AppDev business segment is focused on generating customers for its application development assets. Its solutions include Dev Tools, NativeScript, Dev Cloud, Telerik Platform, Test Studio, Sitefinity and Progress Rollbase. Its offerings span Web, mobile and data.

Industry, Sector and Symbol:

Sector: Computer and Technology
Industry: Application Software
Sub-Industry: Systems Software
Symbol: NASDAQ:PRGS
CUSIP: 74331210
Web: www.progress.com

Capitalization:

Market Cap: $1.4 billion
Outstanding Shares: 48,080,000

Average Prices:

50 Day Moving Avg: $29.61
200 Day Moving Avg: $29.54
52 Week Range: $24.20 - $32.47

P/E:

Trailing P/E Ratio: N/A
Foreward P/E Ratio: 16.98
P/E Growth: 1.74

Sales & Book Value:

Annual Revenue: $406.83 million
Price / Sales: 3.45
Book Value: $8.00 per share
Price / Book: 3.65

Dividend:

Annual Dividend: $0.50
Dividend Yield: 1.7%

Profitability:

EBIDTA: $120.01 million
Net Margins: -13.75%
Return on Equity: 13.46%
Return on Assets: 7.81%

Debt:

Debt-to-Equity Ratio: 0.30%
Current Ratio: 1.65%
Quick Ratio: 1.65%

Misc:

Average Volume: 350,800 shs.
Beta: 0.89
Short Ratio: 1.77

Frequently Asked Questions for Progress Software (NASDAQ:PRGS)

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 announced a quarterly dividend on Wednesday, March 29th. Investors of record on Thursday, June 1st will be given a dividend of $0.125 per share on Thursday, June 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, May 30th. View Progress Software's Dividend History.

How were Progress Software's earnings last quarter?

Progress Software Co. (NASDAQ:PRGS) announced its earnings results on Wednesday, March, 29th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.08. The business earned $91.20 million during the quarter, compared to the consensus estimate of $87.48 million. Progress Software had a positive return on equity of 13.46% and a negative net margin of 13.75%. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 EPS. View Progress Software's Earnings History.

When will Progress Software make its next earnings announcement?

Progress Software is scheduled to release their next quarterly earnings announcement on Wednesday, June, 28th 2017. View Earnings Estimates for Progress Software.

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

Progress Software updated its FY17 earnings guidance on Wednesday, March, 29th. The company provided earnings per share (EPS) guidance of $1.64-1.69 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.66. The company issued revenue guidance of $388-396 million, compared to the consensus revenue estimate of $391.18 million.Progress Software also updated its Q2 guidance to $0.35-0.37 EPS.

Where is Progress Software's stock going? Where will Progress Software's stock price be in 2017?

7 brokerages have issued 12 month price targets for Progress Software's shares. Their predictions range from $27.00 to $34.00. On average, they expect Progress Software's share price to reach $31.00 in the next twelve months. View Analyst Ratings for Progress Software.

Who are some of Progress Software's key competitors?

Some companies that are related to Progress Software include RealPage (RP), FireEye (FEYE), Zendesk (ZEN), HubSpot (HUBS), RingCentral (RNG), CommVault Systems (CVLT), Paylocity Holding Corp (PCTY), Box (BOX), Stamps.com (STMP), New Relic (NEWR), Luxoft Holding (LXFT), Cornerstone OnDemand (CSOD), 2U (TWOU), Allscripts Healthcare Solutions (MDRX), MicroStrategy Incorporated (MSTR), Synaptics, Incorporated (SYNA), Imperva (IMPV) and Cheetah Mobile (CMCM).

Who owns Progress Software stock?

Progress Software's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.72%), PRAESIDIUM INVESTMENT MANAGEMENT COMPANY, LLC (9.10%), Vanguard Group Inc. (8.86%), Praesidium Investment Management Company LLC (8.82%), Dimensional Fund Advisors LP (4.46%) and JPMorgan Chase & Co. (3.07%). Company insiders that own Progress Software stock include Barry N Bycoff, Charles Francis Kane, David A Benson, David Krall, Michael Mark, Paul A Jalbert, Praesidium Investment Manageme, Ram Gupta and Stephen H Faberman. View Institutional Ownership Trends for Progress Software.

Who sold Progress Software stock? Who is selling Progress Software stock?

Progress Software's stock was sold by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Praesidium Investment Management Company LLC, Trigran Investments Inc., Heartland Advisors Inc., Dimensional Fund Advisors LP, Netols Asset Management Inc., Oxford Asset Management and AQR Capital Management LLC. Company insiders that have sold Progress Software stock in the last year include Paul A Jalbert, Praesidium Investment Manageme and Ram Gupta. View Insider Buying and Selling for Progress Software.

Who bought Progress Software stock? Who is buying Progress Software stock?

Progress Software's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Denver Investment Advisors LLC, Ameriprise Financial Inc., Citadel Advisors LLC, Segall Bryant & Hamill LLC, Vanguard Group Inc. and Morgan Stanley. View Insider Buying and Selling for Progress Software.

How do I buy Progress Software stock?

Shares of Progress Software can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Progress Software stock cost?

One share of Progress Software stock can currently be purchased for approximately $29.20.

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

Ratings Breakdown:	6 Hold Ratings, 1 Buy Rating
Consensus Rating:	Hold (Score: 2.14)
Consensus Price Target:	$31.00 (6.16% upside)

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

Show:

Date	Firm	Action	Rating	Price Target	Impact on Share Price
3/30/2017	Wedbush	Boost Price Target	Neutral -> Neutral	$24.00 -> $27.00	High
1/18/2017	Benchmark Co.	Reiterated Rating	Buy	$34.00 -> $32.00	N/A
12/30/2016	Argus	Reiterated Rating	Hold		N/A
12/29/2016	Sidoti	Initiated Coverage	Neutral	$34.00	N/A
10/15/2016	Citigroup Inc	Reiterated Rating	Neutral		N/A
9/13/2016	Ladenburg Thalmann Financial Services	Downgrade	Buy -> Neutral		N/A
7/3/2016	JMP Securities	Reiterated Rating	Hold		N/A
3/31/2016	Sandler O'Neill	Reiterated Rating	Hold	$25.00 -> $24.00	N/A
3/18/2016	Deutsche Bank AG	Reiterated Rating	Sell	$28.00 -> $29.00	N/A
1/20/2016	Sanford C. Bernstein	Reiterated Rating	Market Perform		N/A
11/16/2015	Goldman Sachs Group Inc	Downgrade	Neutral -> Sell	$28.00	N/A
11/6/2015	Credit Suisse Group AG	Downgrade	Neutral -> Underperform	$28.00 -> $29.00	N/A
7/8/2015	Raymond James Financial, Inc.	Upgrade	Market Perform -> Outperform		N/A

(Data available from 5/27/2015 forward)

Earnings History for Progress Software (NASDAQ:PRGS)

Earnings by Quarter for Progress Software (NASDAQ:PRGS)

Earnings History by Quarter for Progress Software (NASDAQ:PRGS)

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
6/28/2017
3/29/2017	Q1 2017	$0.26	$0.34	$87.48 million	$91.20 million	View	N/A
1/16/2017	Q4 2016	$0.56	$0.62	$123.51 million	$118.00 million	View	N/A
9/28/2016	Q316	$0.45	$0.44	$104.72 million	$102.00 million	View	Listen
6/29/2016	Q216	$0.29	$0.33	$95.30 million	$96.12 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	$114.90 million	$112.72 million	View	Listen
10/1/2015	Q315	$0.37	$0.39		$100.70 million	View	Listen
7/1/2015	Q215	$0.32	$0.35	$98.90 million	$88.82 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	$79.90 million	$79.27 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 (NASDAQ:PRGS)

2017 EPS Consensus Estimate: $1.37
2018 EPS Consensus Estimate: $1.47

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2017	1	$0.20	$0.20	$0.20
Q2 2017	1	$0.30	$0.30	$0.30
Q3 2017	1	$0.39	$0.39	$0.39
Q4 2017	1	$0.48	$0.48	$0.48
Q1 2018	1	$0.29	$0.29	$0.29
Q2 2018	1	$0.31	$0.31	$0.31
Q3 2018	1	$0.37	$0.37	$0.37
Q4 2018	1	$0.50	$0.50	$0.50

(Data provided by Zacks Investment Research)

Current Dividend Information for Progress Software (NASDAQ:PRGS)

Next Dividend:	6/15/2017
Annual Dividend:	$0.50
Dividend Yield:	1.71%
Payout Ratio:	-42.73% (Trailing 12 Months of Earnings) 29.76% (Based on This Year's Estimates) 29.07% (Based on Next Year's Estimates)

Dividend Payments by Quarter for Progress Software (NASDAQ:PRGS)

Dividend History by Quarter for Progress Software (NASDAQ:PRGS)

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
3/29/2017	quarterly	$0.13	1.72%	5/30/2017	6/1/2017	6/15/2017
1/16/2017	quarterly	$0.13	1.73%	2/27/2017	3/1/2017	3/15/2017
9/28/2016	quarterly	$0.13		11/29/2016	12/1/2016	12/15/2016

(Data available from 1/1/2013 forward)

Insider Trading and Institutional Ownership History for Progress Software (NASDAQ:PRGS)

Insider Ownership Percentage: 2.60%
Institutional Ownership Percentage: 92.80%

Institutional Ownership by Quarter for Progress Software (NASDAQ:PRGS)

Insider Trades by Quarter for Progress Software (NASDAQ:PRGS)

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction
2/3/2017	Praesidium Investment Manageme	Major Shareholder	Sell	100,000	$27.94	$2,794,000.00
1/4/2017	Praesidium Investment Manageme	Major Shareholder	Sell	850,000	$30.81	$26,188,500.00
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)

Headline Trends for Progress Software (NASDAQ:PRGS) Latest Headlines for Progress Software (NASDAQ:PRGS)

Source:

Date	Headline
	Progress Software goes ex-dividend on Tuesday seekingalpha.com - May 26 at 1:43 PM
	Progress Software Co. (PRGS) Receives Average Rating of "Hold" from Brokerages www.americanbankingnews.com - May 26 at 10:14 AM
	Progress Honors 2016 Global Partner Awards Winners finance.yahoo.com - May 23 at 9:49 AM
	ETFs with exposure to Progress Software Corp. : May 16, 2017 finance.yahoo.com - May 16 at 7:01 PM
	Progress Sitefinity 10 Delivers Cutting Edge User Authentication, Security, Management and Productivity finance.yahoo.com - May 9 at 11:00 AM
	Progress Software (PRGS) Receiving Positive News Coverage, Study Shows www.americanbankingnews.com - May 4 at 12:56 AM
	Progress Software Co. (PRGS) Receives Consensus Recommendation of "Hold" from Brokerages www.americanbankingnews.com - May 1 at 1:36 PM
	Very Favorable News Coverage Very Unlikely to Impact Progress Software (PRGS) Share Price www.americanbankingnews.com - April 30 at 12:46 PM
	Progress Software (PRGS) Getting Very Positive News Coverage, Study Finds www.americanbankingnews.com - April 26 at 11:37 AM
	Progress Appoints Dmitri Tcherevik to Chief Technology Officer finance.yahoo.com - April 25 at 8:05 AM
	ETFs with exposure to Progress Software Corp. : April 24, 2017 finance.yahoo.com - April 24 at 7:19 PM
	Very Positive Media Coverage Very Likely to Impact Progress Software (PRGS) Stock Price www.americanbankingnews.com - April 19 at 10:27 AM
	Very Positive News Coverage Extremely Likely to Effect Progress Software (PRGS) Share Price www.americanbankingnews.com - April 16 at 8:18 AM
	ETFs with exposure to Progress Software Corp. : April 12, 2017 finance.yahoo.com - April 12 at 1:45 PM
	Progress Software Corp. :PRGS-US: Earnings Analysis: Q1, 2017 By the Numbers : April 11, 2017 finance.yahoo.com - April 11 at 10:21 AM
	Post Earnings Coverage as Progress' Quarterly Adjusted EPS Jumped 26%; Revenue Grew 3% finance.yahoo.com - April 11 at 10:21 AM
	Progress Acquires DataRPM For Cognitive Business Software seekingalpha.com - April 10 at 6:52 PM
	New Progress OpenEdge Release Delivers Always On Performance, Security and Data Management Capabilities to Strengthen Today’s Mission-Critical Business Applications finance.yahoo.com - April 7 at 12:03 PM
	Progress Software's Uncertain Ride Continues finance.yahoo.com - April 7 at 12:03 PM
	Equities Analysts Set Expectations for Progress Software Co.'s Q4 2017 Earnings (PRGS) www.americanbankingnews.com - April 3 at 10:09 AM
	Progress Software Surges 9%: FYQ1 Beats, Affirms Year View, Replaces CFO blogs.barrons.com - March 31 at 12:35 AM
	Progress Announces Appointment of Paul Jalbert as Chief Financial Officer us.rd.yahoo.com - March 30 at 7:35 PM
	4:06 pm Progress Software appoints Paul Jalbert, chief accounting officer, as CFO replacing Kurt Abkemeier, who will leave the company effective immediately us.rd.yahoo.com - March 30 at 7:35 PM
	Progress Acquires DataRPM, The Best-of-Breed Machine Learning Company Focused on Cognitive Predictive Maintenance us.rd.yahoo.com - March 30 at 7:35 PM
	Progress Reports 2017 Fiscal First Quarter Results us.rd.yahoo.com - March 30 at 7:35 PM
	PROGRESS SOFTWARE CORP /MA Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an us.rd.yahoo.com - March 30 at 7:35 PM
	Edited Transcript of PRGS earnings conference call or presentation 29-Mar-17 9:00pm GMT finance.yahoo.com - March 30 at 7:35 PM
	Wedbush Raises Progress Software Co. (PRGS) Price Target to $27.00 www.americanbankingnews.com - March 30 at 11:25 AM
	Progress Software (PRGS) Names Paul Jalbert New Chief Financial Officer www.streetinsider.com - March 30 at 1:37 AM
	Progress Software's (PRGS) CEO Yogesh Gupta on Q1 2017 Results - Earnings Call Transcript seekingalpha.com - March 30 at 1:37 AM
	Progress Software Co. (PRGS) Releases Earnings Results, Beats Expectations By $0.08 EPS www.americanbankingnews.com - March 29 at 9:33 PM
	Progress Software Corp Q1 Earnings Advance 26% www.nasdaq.com - March 29 at 8:05 PM
	Progress Software +9.7% on Q1 beat; names new CFO seekingalpha.com - March 29 at 8:05 PM
	Progress Software Co. Plans Quarterly Dividend of $0.13 (PRGS) www.americanbankingnews.com - March 29 at 7:04 PM
	Progress Software Co. (PRGS) Updates Q2 Earnings Guidance www.americanbankingnews.com - March 29 at 5:07 PM
	Progress Software Co. (PRGS) Releases FY17 Earnings Guidance www.americanbankingnews.com - March 29 at 5:07 PM
	Q1 2017 Progress Software Corp Earnings Release - After Market Close biz.yahoo.com - March 29 at 9:00 AM
	Progress Software Co. (PRGS) to Release Quarterly Earnings on Wednesday www.americanbankingnews.com - March 28 at 7:44 AM
	Progress Software Announces Details for Fiscal First Quarter 2017 Earnings Release and Conference Call finance.yahoo.com - March 22 at 7:17 PM
	Zacks Investment Research Downgrades Progress Software Co. (PRGS) to Hold www.americanbankingnews.com - March 22 at 6:01 PM
	Your Move Modernizes Rental System and Gains ROI Within 7 Months with Progress finance.yahoo.com - March 21 at 10:50 AM
	Progress Releases Industry’s First Suite of Pre-Built Data Connectors for SaaS CRM finance.yahoo.com - March 6 at 8:07 AM
	Edited Transcript of PRGS earnings conference call or presentation 29-Jun-16 9:00pm GMT finance.yahoo.com - February 28 at 3:48 PM
	Progress Announces Winners of the Progress Sitefinity 2016 Website of the Year Awards finance.yahoo.com - February 28 at 3:48 PM
	EDM Group Automates Mortgage Property Risk with Progress uk.finance.yahoo.com - February 27 at 9:44 AM
	Progress Software Corporation (PRGS) Ex-Dividend Date Scheduled for February ... www.nasdaq.com - February 25 at 6:55 PM
	MeWatt Uses Progress to Accelerate Mobile Application Development for Internet of Things finance.yahoo.com - February 21 at 5:34 PM
	Progress Makes Popular UI Library for Windows Application Development Open Source, Joining .NET Foundation finance.yahoo.com - February 8 at 8:59 PM
	Progress Announces ProgressNEXT 2017 Partner Conference finance.yahoo.com - February 6 at 8:58 AM
	Progress Software Corp. :PRGS-US: Earnings Analysis: Q4, 2016 By the Numbers : February 2, 2017 us.rd.yahoo.com - February 2 at 8:57 PM