Progress Software Corporation provides software solutions for various industries worldwide. It operates through 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; DataRPM, which provides maintenance solutions for industrial IoT; and Kinvey that offers cloud backend as a service technology. The Data Connectivity and Integration segment provides Progress DataDirect Connect software, which offers data connectivity using industry-standard interfaces to connect applications running on various platforms; and Progress DataDirect Hybrid Data Pipeline, a data access service that provides cloud and on-premises data sources for hybrid cloud applications, such as CRM, data management platforms, and hosted analytics. The Application Development and Deployment segment offers Dev Tools, a cross-platform, user experience design, quality assurance, debugging, and reporting suite; NativeScript, an open-source application development platform; Test Studio, an application lifecycle management suite for testing Web, mobile, and desktop applications; and Sitefinity, a Web content management and customer analytics platform. The company also provides project management, implementation, custom development, programming, and other services, as well as services to Web-enable applications; and training services. It sells its products directly to end users, as well as indirectly to application partners, original equipment manufacturers, and system integrators. Progress Software Corporation was founded in 1981 and is headquartered in Bedford, Massachusetts.
Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustrySystems Software
SectorComputer and Technology
SymbolNASDAQ:PRGS
CUSIP74331210
Phone781-280-4000
Debt
Debt-to-Equity Ratio0.33
Current Ratio1.17
Quick Ratio1.17
Price-To-Earnings
Trailing P/E Ratio22.65
Forward P/E Ratio19.00
P/E GrowthN/A
Sales & Book Value
Annual Sales$397.57 million
Price / Sales4.45
Cash Flow$2.6095 per share
Price / Cash14.93
Book Value$7.87 per share
Price / Book4.95
Profitability
EPS (Most Recent Fiscal Year)$1.72
Net Income$37.41 million
Net Margins12.69%
Return on Equity23.37%
Return on Assets12.30%
Miscellaneous
Employees1,470
Outstanding Shares45,460,000
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, March 28th. Investors of record on Friday, June 1st will be paid 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 1.44%. The ex-dividend date is Thursday, May 31st. View Progress Software's Dividend History.
How will Progress Software's stock buyback program work?
Progress Software declared that its board has authorized a stock buyback program on Thursday, September 28th 2017, which authorizes the company to buyback $159,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 8.7% of its shares through open market purchases. Shares buyback programs are generally a sign 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 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 EPS. View Progress Software's Earnings History.
When is Progress Software's next earnings date?
What guidance has Progress Software issued on next quarter's earnings?
Progress Software updated its FY18 earnings guidance on Wednesday, March, 28th. The company provided EPS guidance of $2.36-2.41 for the period, compared to the Thomson Reuters consensus earnings per share 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.
What price target have analysts set for PRGS?
3 Wall Street analysts have issued 1-year target prices for Progress Software's stock. Their forecasts 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.
Who are some of Progress Software's key competitors?
Some companies that are related to Progress Software include Paycom Software (PAYC), Konami (KNMCY), Atlassian (TEAM), SINA (SINA), New Relic (NEWR), Twilio (TWLO), Okta (OKTA), MuleSoft (MULE), National Instruments (NATI), LogMeIn (LOGM), 2U (TWOU), Ceridian HCM (CDAY), HubSpot (HUBS), Blackbaud (BLKB) and RealPage (RP).
Who are Progress Software's key executives?
Progress Software's management team includes the folowing people:
- Mr. Yogesh Gupta, CEO, Pres & Director (Age 57)
- Mr. Paul A. Jalbert, Chief Financial Officer (Age 61)
- Mr. Dmitri Tcherevik, Chief Technology Officer (Age 48)
- Ms. Loren Weinberg Jarrett, Chief Marketing Officer (Age 43)
- Mr. John Ainsworth, Sr. VP of Core Products (Age 53)
Has Progress Software been receiving favorable news coverage?
News coverage about PRGS stock has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Progress Software earned a coverage optimism score of 0.09 on Accern's scale. They also assigned news articles about the software maker an impact score of 46.40 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are Progress Software's major shareholders?
Progress Software's stock is owned by a variety of of retail and institutional investors. Top institutional investors 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.
Which institutional investors are selling Progress Software stock?
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.
Which institutional investors are buying Progress Software stock?
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.
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 $38.96.
How big of a company is Progress Software?
Progress Software has a market capitalization of $1.79 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 (PRGS)
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.
