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

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$38.87 +0.21 (+0.54 %)
(As of 08/21/2018 04:07 AM ET)
Previous Close$38.66
Today's Range$38.67 - $39.06
52-Week Range$32.45 - $53.60
Volume127,800 shs
Average Volume446,383 shs
Market Capitalization$1.74 billion
P/E Ratio22.60
Dividend Yield1.46%
Beta0.78
Progress Software logoProgress Software Corp. engages in the provision of a platform, which develops and deploy mission-critical business applications. It operates through the following business segments: OpenEdge Business; Data Connectivity and Integration; and Application Development and Deployment. The OpenEdge Business segment provides product enhancements and marketing supports for the partners to sell more of its existing solutions to their customers. The Data Connectivity and Integration segment focuses on the growth of the data assets of the company, including its data integration components of the cloud offering. The Application Development and Deployment segment generates net new customers for the application development assets of the company. The company was founded by Joseph Wright Alsop, Clyde Kessel, and Charles Arthur Ziering in 1981 and is headquartered in Bedford, MA.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio0.37
Current Ratio1.03
Quick Ratio1.03

Price-To-Earnings

Trailing P/E Ratio22.60
Forward P/E Ratio18.16
P/E GrowthN/A

Sales & Book Value

Annual Sales$397.57 million
Price / Sales4.40
Cash Flow$2.6551 per share
Price / Cash14.64
Book Value$7.87 per share
Price / Book4.94

Profitability

EPS (Most Recent Fiscal Year)$1.72
Net Income$37.41 million
Net Margins13.86%
Return on Equity26.14%
Return on Assets13.47%

Miscellaneous

Employees1,470
Outstanding Shares45,010,000
Market Cap$1.74 billion

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 announced a quarterly dividend on Wednesday, June 27th. Investors of record on Monday, September 3rd will be paid a dividend of $0.14 per share on Monday, September 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Thursday, August 30th. View Progress Software's Dividend History.

How will Progress Software's stock buyback program work?

Progress Software declared that its Board of Directors has approved a share buyback plan on Thursday, September 28th 2017, which allows the company to repurchase $159,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 8.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

How were Progress Software's earnings last quarter?

Progress Software Co. (NASDAQ:PRGS) posted its quarterly earnings data on Wednesday, June, 27th. The software maker reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.07. The software maker had revenue of $96.10 million for the quarter, compared to analyst estimates of $95.03 million. Progress Software had a return on equity of 26.14% and a net margin of 13.86%. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 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 Wednesday, September, 26th 2018. View Earnings Estimates for Progress Software.

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

Progress Software updated its FY18 earnings guidance on Wednesday, June, 27th. The company provided EPS guidance of $2.45-$2.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.42. The company issued revenue guidance of $399-$404 million, compared to the consensus revenue estimate of $403.92 million.Progress Software also updated its Q3 guidance to $0.56-$0.58 EPS.

What price target have analysts set for PRGS?

4 equities research analysts have issued 12 month target prices for Progress Software's shares. Their predictions range from $29.00 to $50.00. On average, they anticipate Progress Software's share price to reach $40.3333 in the next twelve months. This suggests a possible upside of 3.8% 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 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Progress Software.

What are Wall Street analysts saying about Progress Software stock?

Here are some recent quotes from research analysts about Progress Software stock:
  • 1. National Securities analysts commented, "We are initiating coverage of Progress Software with a BUY rating and $50 price target.
    Current management brings a shareholder friendly posture.
    We expect Industrial IoT (IIoT) will be a notable contributor to future growth.
    The F2017 acquisitions of DataRPM and Kinvey were well reasoned and likely to benefit shareholders." (7/16/2018)
  • 2. According to Zacks Investment Research, "Progress offers the leading platform for developing and deploying mission-critical business applications. Progress empowers enterprises and ISVs to build and deliver cognitive-first applications that harness big data to derive business insights and competitive advantage. Progress offers leading technologies for easily building powerful user interfaces across any type of device, a reliable, scalable and secure backend platform to deploy modern applications, leading data connectivity to all sources, and award-winning predictive analytics that brings the power of machine learning to any organization. " (7/4/2018)

Are investors shorting Progress Software?

Progress Software saw a drop in short interest in July. As of July 13th, there was short interest totalling 870,654 shares, a drop of 45.3% from the June 29th total of 1,592,990 shares. Based on an average daily trading volume, of 367,099 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.9% of the company's stock are sold short. View Progress Software's Current Options Chain.

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 A. Jalbert, CFO & Principal Accounting Officer
  • Dmitri Tcherevik, Chief Technology Officer
  • Tony Murphy, Chief Information Officer
  • Faris Sweis, Senior VP & GM-Developer Tooling Business

Has Progress Software been receiving favorable news coverage?

Headlines about PRGS stock have trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Progress Software earned a news and rumor sentiment score of 0.14 on Accern's scale. They also assigned news articles about the software maker an impact score of 46.64 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future. View Recent Headlines for Progress Software.

Who are Progress Software's major shareholders?

Progress Software's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.60%), Dimensional Fund Advisors LP (3.98%), Fisher Asset Management LLC (2.70%), Renaissance Technologies LLC (2.73%), Acadian Asset Management LLC (2.17%) and Bank of New York Mellon Corp (1.71%). Company insiders that own Progress Software stock include Michael Mark and Praesidium Investment Manageme. 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 Laurion Capital Management LP, Renaissance Technologies LLC, Russell Investments Group Ltd., Alambic Investment Management L.P., Chicago Equity Partners LLC, Millennium Management LLC, Bank of Montreal Can and Bank of New York Mellon Corp. 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 BlackRock Inc., Fisher Asset Management LLC, Marshall Wace LLP, Acadian Asset Management LLC, TD Asset Management Inc., Fuller & Thaler Asset Management Inc., SG Americas Securities LLC and Schwab Charles Investment Management Inc.. 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, Scottrade, Fidelity and Charles Schwab.

What is Progress Software's stock price today?

One share of PRGS stock can currently be purchased for approximately $38.87.

How big of a company is Progress Software?

Progress Software has a market capitalization of $1.74 billion and generates $397.57 million in revenue each year. The software maker earns $37.41 million in net income (profit) each year or $1.72 on an earnings per share basis. Progress Software employs 1,470 workers across the globe.

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:  2.2 out of 5 (star star)
Outperform Votes:  247 (Vote Outperform)
Underperform Votes:  318 (Vote Underperform)
Total Votes:  565
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 8/21/2018 by MarketBeat.com Staff

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