NASDAQ:PRGS - Progress Software Stock Price, Price Target & More

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

Progress Software announced a quarterly dividend on Wednesday, March 28th. Investors of record on Friday, June 1st will be given a dividend of $0.14 per share on Friday, June 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, May 31st. View Progress Software's Dividend History.

Progress Software announced that its board has approved a stock buyback program on Thursday, September 28th 2017, which permits the company to repurchase $159,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 8.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its shares are undervalued.

Progress Software Co. (NASDAQ:PRGS) released its quarterly earnings results on Wednesday, March, 28th. The software maker reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.07. The software maker had revenue of $94.19 million for the quarter, compared to analysts' expectations of $92.47 million. Progress Software had a return on equity of 23.37% and a net margin of 12.69%. The firm's revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 earnings per share. View Progress Software's Earnings History.

Progress Software is scheduled to release their next quarterly earnings announcement on Wednesday, June, 27th 2018. View Earnings Estimates for Progress Software.

Progress Software issued an update on its FY18 earnings guidance on Wednesday, March, 28th. The company provided earnings per share guidance of $2.36-2.41 for the period, compared to the Thomson Reuters consensus estimate of $2.34. The company issued revenue guidance of $399-404 million, compared to the consensus revenue estimate of $403.80 million.Progress Software also updated its Q2 guidance to $0.51-0.53 EPS.

3 Wall Street analysts have issued 1 year price targets for Progress Software's shares. Their predictions range from $42.00 to $47.00. On average, they expect Progress Software's share price to reach $44.50 in the next twelve months. View Analyst Ratings for Progress Software.

Some companies that are related to Progress Software include Atlassian (TEAM), Paycom Software (PAYC), SINA (SINA), MuleSoft (MULE), New Relic (NEWR), LogMeIn (LOGM), National Instruments (NATI), Okta (OKTA), Twilio (TWLO), HubSpot (HUBS), Blackbaud (BLKB), 2U (TWOU), Ceridian HCM (CDAY), Medidata Solutions (MDSO) and RealPage (RP).

Media coverage about PRGS stock has been trending somewhat negative this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Progress Software earned a coverage optimism score of -0.02 on Accern's scale. They also gave press coverage about the software maker an impact score of 44.30 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Progress Software's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.79%), Dimensional Fund Advisors LP (3.94%), JPMorgan Chase & Co. (3.31%), Northern Trust Corp (2.03%), Fisher Asset Management LLC (1.95%) and Millennium Management LLC (1.67%). Company insiders that own Progress Software stock include Michael Mark, Paul A Jalbert and Praesidium Investment Manageme. View Institutional Ownership Trends for Progress Software.

PRGS stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Tensile Capital Management LLC, Schwab Charles Investment Management Inc., Wedge Capital Management L L P NC, HL Financial Services LLC, BNP Paribas Arbitrage SA, Smith Asset Management Group LP and Thrivent Financial for Lutherans. View Insider Buying and Selling for Progress Software.

PRGS stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Allianz Asset Management GmbH, Allianz Asset Management GmbH, Prudential Financial Inc., Hsbc Holdings PLC, Robeco Institutional Asset Management B.V., Citadel Advisors LLC and Russell Investments Group Ltd.. 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, Scottrade, Fidelity and Charles Schwab.

One share of PRGS stock can currently be purchased for approximately $36.26.

Progress Software has a market capitalization of $1.72 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.

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]