Progress Software Company Profile (NASDAQ:PRGS)

About Progress Software (NASDAQ:PRGS)

Progress Software logoProgress 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:
  • 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
  • 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
  • Annual Dividend: $0.50
  • Dividend Yield: 1.7%
  • EBIDTA: $120.01 million
  • Net Margins: -13.75%
  • Return on Equity: 13.46%
  • Return on Assets: 7.81%
  • Debt-to-Equity Ratio: 0.30%
  • Current Ratio: 1.65%
  • Quick Ratio: 1.65%
  • Average Volume: 349,248 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 declared a quarterly dividend on Wednesday, March 29th. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.125 per share on Thursday, June 15th. This represents a $0.50 annualized dividend 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) posted its quarterly earnings data on Wednesday, March, 29th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 earnings per share. 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 issued an update on 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 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 analysts have issued twelve-month price objectives for Progress Software's shares. Their predictions range from $27.00 to $34.00. On average, they anticipate 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?

Who are Progress Software's key executives?

Progress Software's management team includes the folowing people:

  • Yogesh K. Gupta, President, Chief Executive Officer, Director
  • Paul Jalbert, Chief Financial Officer
  • Jerry Rulli, Chief Operating Officer
  • Faris Sweis, Senior Vice President and General Manager of Dev Tools/Telerik Platform
  • John Ainsworth, Senior Vice President, Products--Core
  • Dmitri Tcherevik, Chief Technology Officer
  • Loren Jarrett, Chief Marketing Officer
  • Stephen Faberman, Chief Legal Counsel
  • Dimitre Taslakov, Chief Talent Officer
  • John R. Egan, Independent Non-Executive Chairman of the Board

Who owns Progress Software stock?

Progress Software's stock is owned by many different of retail and institutional investors. Top institutional shareholders 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.

What is Progress Software's stock price today?

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

MarketBeat Community Rating for Progress Software (NASDAQ PRGS)
Community Ranking:  2.0 out of 5 ( )
Outperform Votes:  126 (Vote Outperform)
Underperform Votes:  189 (Vote Underperform)
Total Votes:  315
MarketBeat's community ratings are surveys of what our community members think about Progress Software and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

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)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/30/2017WedbushBoost Price TargetNeutral -> Neutral$24.00 -> $27.00HighView Rating Details
1/18/2017Benchmark Co.Reiterated RatingBuy$34.00 -> $32.00N/AView Rating Details
12/30/2016ArgusReiterated RatingHoldN/AView Rating Details
12/29/2016SidotiInitiated CoverageNeutral$34.00N/AView Rating Details
10/15/2016Citigroup IncReiterated RatingNeutralN/AView Rating Details
9/13/2016Ladenburg Thalmann Financial ServicesDowngradeBuy -> NeutralN/AView Rating Details
7/3/2016JMP SecuritiesReiterated RatingHoldN/AView Rating Details
3/31/2016Sandler O'NeillReiterated RatingHold$25.00 -> $24.00N/AView Rating Details
3/18/2016Deutsche Bank AGReiterated RatingSell$28.00 -> $29.00N/AView Rating Details
1/20/2016Sanford C. BernsteinReiterated RatingMarket PerformN/AView Rating Details
11/16/2015Goldman Sachs Group IncDowngradeNeutral -> Sell$28.00N/AView Rating Details
11/6/2015Credit Suisse Group AGDowngradeNeutral -> Underperform$28.00 -> $29.00N/AView Rating Details
7/8/2015Raymond James Financial, Inc.UpgradeMarket Perform -> OutperformN/AView Rating Details
(Data available from 5/29/2015 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)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
3/29/2017Q1 2017$0.26$0.34$87.48 million$91.20 millionViewN/AView Earnings Details
1/16/2017Q4 2016$0.56$0.62$123.51 million$118.00 millionViewN/AView Earnings Details
9/28/2016Q316$0.45$0.44$104.72 million$102.00 millionViewListenView Earnings Details
6/29/2016Q216$0.29$0.33$95.30 million$96.12 millionViewListenView Earnings Details
3/30/2016Q116$0.29$0.27$93.15 million$89.50 millionViewListenView Earnings Details
1/12/2016Q415$0.49$0.53$114.90 million$112.72 millionViewListenView Earnings Details
10/1/2015Q315$0.37$0.39$100.70 millionViewListenView Earnings Details
7/1/2015Q215$0.32$0.35$98.90 million$88.82 millionViewListenView Earnings Details
4/1/2015Q115$0.24$0.29$94.40 million$95.50 millionViewListenView Earnings Details
1/13/2015Q414$0.44$0.47$96.44 million$97.90 millionViewN/AView Earnings Details
9/25/2014Q314$0.33$0.39$79.90 million$79.27 millionViewListenView Earnings Details
6/26/2014Q214$0.34$0.37$78.46 million$80.80 millionViewN/AView Earnings Details
3/27/2014Q114$0.28$0.28$74.75 million$74.50 millionViewN/AView Earnings Details
1/2/2014Q4$0.41$0.43$90.84 million$91.00 millionViewListenView Earnings Details
9/25/2013Q313$0.24$0.27$76.70 million$77.60 millionViewN/AView Earnings Details
6/26/2013Q2 2013$0.22$0.27$79.04 million$81.70 millionViewN/AView Earnings Details
3/27/2013Q1 2013$0.25$0.23$86.30 million$89.27 millionViewN/AView Earnings Details
1/3/2013Q4 2012$0.33$0.23$116.31 million$91.30 millionViewN/AView Earnings Details
6/27/2012$0.17$0.21ViewN/AView Earnings Details
3/28/2012$0.25$0.28ViewN/AView Earnings Details
1/3/2012$0.33$0.34ViewN/AView Earnings Details
9/27/2011$0.29$0.31ViewN/AView Earnings Details
6/28/2011$0.38$0.38ViewN/AView Earnings Details
3/28/2011$0.42$0.42ViewN/AView Earnings Details
12/21/2010$0.66$0.71$141.53 million$145.20 millionViewN/AView Earnings Details
(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
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.20$0.20$0.20
Q2 20171$0.30$0.30$0.30
Q3 20171$0.39$0.39$0.39
Q4 20171$0.48$0.48$0.48
Q1 20181$0.29$0.29$0.29
Q2 20181$0.31$0.31$0.31
Q3 20181$0.37$0.37$0.37
Q4 20181$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)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Progress Software (NASDAQ:PRGS)
Insider Ownership Percentage: 2.60%
Institutional Ownership Percentage: 92.80%
Insider Trades by Quarter for Progress Software (NASDAQ:PRGS)
Institutional Ownership by Quarter for Progress Software (NASDAQ:PRGS)
Insider Trades by Quarter for Progress Software (NASDAQ:PRGS)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/3/2017Praesidium Investment ManagemeMajor ShareholderSell100,000$27.94$2,794,000.00View SEC Filing  
1/4/2017Praesidium Investment ManagemeMajor ShareholderSell850,000$30.81$26,188,500.00View SEC Filing  
9/12/2016Praesidium Investment ManagemeMajor ShareholderSell900,000$28.11$25,299,000.00View SEC Filing  
7/11/2016Paul A JalbertCAOSell21,041$28.93$608,716.13View SEC Filing  
6/10/2016Ram GuptaDirectorSell4,764$26.35$125,531.40View SEC Filing  
5/10/2016Barry N BycoffDirectorSell5,664$25.27$143,129.28View SEC Filing  
4/28/2016Michael MarkDirectorSell7,705$26.13$201,331.65View SEC Filing  
4/25/2016Charles Francis KaneDirectorSell10,000$26.13$261,300.00View SEC Filing  
4/20/2016David KrallDirectorSell7,705$26.04$200,638.20View SEC Filing  
4/13/2016Michael MarkDirectorSell8,497$25.25$214,549.25View SEC Filing  
2/17/2016Barry N. BycoffDirectorSell17,796$24.18$430,307.28View SEC Filing  
7/6/2015David A BensonEVPSell22,500$30.24$680,400.00View SEC Filing  
7/6/2015Michael MarkDirectorSell16,270$30.30$492,981.00View SEC Filing  
7/6/2015Stephen H FabermanSVPSell4,500$30.35$136,575.00View SEC Filing  
4/24/2015John GoodsonSVPSell13,504$26.18$353,534.72View SEC Filing  
2/5/2015Barry N BycoffDirectorSell11,418$26.01$296,982.18View SEC Filing  
1/16/2015Antonio J AquilinaSVPSell12,261$25.10$307,751.10View SEC Filing  
1/15/2015Philip M PeadCEOSell20,000$24.92$498,400.00View SEC Filing  
11/4/2014David KrallDirectorSell43,798$25.95$1,136,558.10View SEC Filing  
10/31/2014John GoodsonSVPSell22,500$25.73$578,925.00View SEC Filing  
7/22/2014Michael MarkDirectorSell14,252$23.82$339,482.64View SEC Filing  
7/21/2014Michael MarkDirectorSell9,252$23.74$219,642.48View SEC Filing  
7/7/2014Joseph AndrewsSVPSell7,500$23.91$179,325.00View SEC Filing  
7/1/2014John GoodsonSVPSell32,856$24.27$797,415.12View SEC Filing  
6/30/2014Joseph AndrewsSVPSell21,874$24.03$525,632.22View SEC Filing  
6/30/2014Michael MarkDirectorSell8,550$24.05$205,627.50View SEC Filing  
4/16/2014Antonio AquilinaSVPSell9,146$21.74$198,834.04View SEC Filing  
4/2/2014Ram GuptaDirectorSell18,160$22.20$403,152.00View SEC Filing  
2/13/2014Joseph AndrewsSVPSell7,500$24.50$183,750.00View SEC Filing  
2/10/2014Barry BycoffDirectorSell18,578$24.00$445,872.00View SEC Filing  
1/23/2014Barry BycoffDirectorSell18,922$24.58$465,102.76View SEC Filing  
11/7/2013Charles Francis KaneDirectorSell15,000$25.85$387,750.00View SEC Filing  
8/6/2013Jennifer SmithCMOSell2,533$25.75$65,224.75View SEC Filing  
8/1/2013Joseph AndrewsSVPSell11,250$25.85$290,812.50View SEC Filing  
7/9/2013Barry N BycoffDirectorSell42,154$24.50$1,032,773.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Progress Software (NASDAQ:PRGS)
Latest Headlines for Progress Software (NASDAQ:PRGS)
DateHeadline logoProgress Software goes ex-dividend on Tuesday - May 26 at 1:43 PM logoProgress Software Co. (PRGS) Receives Average Rating of "Hold" from Brokerages - May 26 at 10:14 AM logoProgress Honors 2016 Global Partner Awards Winners - May 23 at 9:49 AM logoETFs with exposure to Progress Software Corp. : May 16, 2017 - May 16 at 7:01 PM logoProgress Sitefinity 10 Delivers Cutting Edge User Authentication, Security, Management and Productivity - May 9 at 11:00 AM logoProgress Software (PRGS) Receiving Positive News Coverage, Study Shows - May 4 at 12:56 AM logoProgress Software Co. (PRGS) Receives Consensus Recommendation of "Hold" from Brokerages - May 1 at 1:36 PM logoVery Favorable News Coverage Very Unlikely to Impact Progress Software (PRGS) Share Price - April 30 at 12:46 PM logoProgress Software (PRGS) Getting Very Positive News Coverage, Study Finds - April 26 at 11:37 AM logoProgress Appoints Dmitri Tcherevik to Chief Technology Officer - April 25 at 8:05 AM logoETFs with exposure to Progress Software Corp. : April 24, 2017 - April 24 at 7:19 PM logoVery Positive Media Coverage Very Likely to Impact Progress Software (PRGS) Stock Price - April 19 at 10:27 AM logoVery Positive News Coverage Extremely Likely to Effect Progress Software (PRGS) Share Price - April 16 at 8:18 AM logoETFs with exposure to Progress Software Corp. : April 12, 2017 - April 12 at 1:45 PM logoProgress Software Corp. :PRGS-US: Earnings Analysis: Q1, 2017 By the Numbers : April 11, 2017 - April 11 at 10:21 AM logoPost Earnings Coverage as Progress' Quarterly Adjusted EPS Jumped 26%; Revenue Grew 3% - April 11 at 10:21 AM logoProgress Acquires DataRPM For Cognitive Business Software - April 10 at 6:52 PM logoNew Progress OpenEdge Release Delivers Always On Performance, Security and Data Management Capabilities to Strengthen Today’s Mission-Critical Business Applications - April 7 at 12:03 PM logoProgress Software's Uncertain Ride Continues - April 7 at 12:03 PM logoEquities Analysts Set Expectations for Progress Software Co.'s Q4 2017 Earnings (PRGS) - April 3 at 10:09 AM logoProgress Software Surges 9%: FYQ1 Beats, Affirms Year View, Replaces CFO - March 31 at 12:35 AM logoProgress Announces Appointment of Paul Jalbert as Chief Financial Officer - March 30 at 7:35 PM logo4:06 pm Progress Software appoints Paul Jalbert, chief accounting officer, as CFO replacing Kurt Abkemeier, who will leave the company effective immediately - March 30 at 7:35 PM logoProgress Acquires DataRPM, The Best-of-Breed Machine Learning Company Focused on Cognitive Predictive Maintenance - March 30 at 7:35 PM logoProgress Reports 2017 Fiscal First Quarter Results - March 30 at 7:35 PM logoPROGRESS SOFTWARE CORP /MA Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an - March 30 at 7:35 PM logoEdited Transcript of PRGS earnings conference call or presentation 29-Mar-17 9:00pm GMT - March 30 at 7:35 PM logoWedbush Raises Progress Software Co. (PRGS) Price Target to $27.00 - March 30 at 11:25 AM logoProgress Software (PRGS) Names Paul Jalbert New Chief Financial Officer - March 30 at 1:37 AM logoProgress Software's (PRGS) CEO Yogesh Gupta on Q1 2017 Results - Earnings Call Transcript - March 30 at 1:37 AM logoProgress Software Co. (PRGS) Releases Earnings Results, Beats Expectations By $0.08 EPS - March 29 at 9:33 PM logoProgress Software Corp Q1 Earnings Advance 26% - March 29 at 8:05 PM logoProgress Software +9.7% on Q1 beat; names new CFO - March 29 at 8:05 PM logoProgress Software Co. Plans Quarterly Dividend of $0.13 (PRGS) - March 29 at 7:04 PM logoProgress Software Co. (PRGS) Updates Q2 Earnings Guidance - March 29 at 5:07 PM logoProgress Software Co. (PRGS) Releases FY17 Earnings Guidance - March 29 at 5:07 PM logoQ1 2017 Progress Software Corp Earnings Release - After Market Close - March 29 at 9:00 AM logoProgress Software Co. (PRGS) to Release Quarterly Earnings on Wednesday - March 28 at 7:44 AM logoProgress Software Announces Details for Fiscal First Quarter 2017 Earnings Release and Conference Call - March 22 at 7:17 PM logoZacks Investment Research Downgrades Progress Software Co. (PRGS) to Hold - March 22 at 6:01 PM logoYour Move Modernizes Rental System and Gains ROI Within 7 Months with Progress - March 21 at 10:50 AM logoProgress Releases Industry’s First Suite of Pre-Built Data Connectors for SaaS CRM - March 6 at 8:07 AM logoEdited Transcript of PRGS earnings conference call or presentation 29-Jun-16 9:00pm GMT - February 28 at 3:48 PM logoProgress Announces Winners of the Progress Sitefinity 2016 Website of the Year Awards - February 28 at 3:48 PM logoEDM Group Automates Mortgage Property Risk with Progress - February 27 at 9:44 AM logoProgress Software Corporation (PRGS) Ex-Dividend Date Scheduled for February ... - February 25 at 6:55 PM logoMeWatt Uses Progress to Accelerate Mobile Application Development for Internet of Things - February 21 at 5:34 PM logoProgress Makes Popular UI Library for Windows Application Development Open Source, Joining .NET Foundation - February 8 at 8:59 PM logoProgress Announces ProgressNEXT 2017 Partner Conference - February 6 at 8:58 AM logoProgress Software Corp. :PRGS-US: Earnings Analysis: Q4, 2016 By the Numbers : February 2, 2017 - February 2 at 8:57 PM



Progress Software (PRGS) Chart for Monday, May, 29, 2017

This page was last updated on 5/29/2017 by Staff