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

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

Progress Software declared a quarterly dividend on Tuesday, January 21st. Stockholders of record on Monday, March 2nd will be given a dividend of $0.165 per share on Monday, March 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, February 28th. View Progress Software's Dividend History.

Progress Software Corp (NASDAQ:PRGS) released its quarterly earnings results on Thursday, January, 16th. The software maker reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.04. The software maker earned $123.42 million during the quarter, compared to analyst estimates of $118.30 million. Progress Software had a return on equity of 32.03% and a net margin of 6.39%. The business's quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 earnings per share. View Progress Software's Earnings History.

Progress Software is scheduled to release their next quarterly earnings announcement on Thursday, March 26th 2020. View Earnings Estimates for Progress Software.

Progress Software updated its FY20 earnings guidance on Thursday, January, 16th. The company provided earnings per share (EPS) guidance of $2.87-2.92 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.83. The company issued revenue guidance of $448-455 million, compared to the consensus revenue estimate of $435.22 million.

4 brokers have issued 12-month price targets for Progress Software's shares. Their forecasts range from $50.00 to $57.00. On average, they anticipate Progress Software's share price to reach $53.00 in the next twelve months. This suggests a possible upside of 13.3% from the stock's current price. View Analyst Price Targets for Progress Software.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progress Software in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Progress Software.

News articles about PRGS stock have been trending extremely negative recently, InfoTrie reports. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Progress Software earned a news sentiment score of -4.5 on InfoTrie's scale. They also gave news coverage about the software maker a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for Progress Software.

Progress Software saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 942,300 shares, an increase of 23.1% from the December 15th total of 765,300 shares. Based on an average daily volume of 223,100 shares, the days-to-cover ratio is presently 4.2 days. Currently, 2.1% of the shares of the stock are sold short. View Progress Software's Current Options Chain.

Some companies that are related to Progress Software include Microsoft (MSFT), Oracle (ORCL), VMware (VMW), ServiceNow (NOW), Fortinet (FTNT), Symantec (SYMC), Proofpoint (PFPT), Qualys (QLYS), CommVault Systems (CVLT), TiVo (TIVO) and FalconStor Software (FALC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Progress Software investors own include Energy Transfer LP Unit (ET), Intel (INTC), Alibaba Group (BABA), Advanced Micro Devices (AMD), Cypress Semiconductor (CY), Micron Technology (MU), Ford Motor (F), Alliance Resource Partners (ARLP), Capitala Finance (CPTA) and Cisco Systems (CSCO).

Progress Software's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Boston Trust Walden Corp (1.69%), New York State Teachers Retirement System (0.29%), State of Alaska Department of Revenue (0.08%), Strs Ohio (0.06%), Nisa Investment Advisors LLC (0.04%) and Louisiana State Employees Retirement System (0.03%). Company insiders that own Progress Software stock include Anthony Murphy, Charles Francis Kane, Dimitre Taslakov, John R Egan, Michael Mark and Paul A Jalbert. View Institutional Ownership Trends for Progress Software.

PRGS stock was sold by a variety of institutional investors in the last quarter, including New York State Teachers Retirement System, Louisiana State Employees Retirement System and State of Alaska Department of Revenue. Company insiders that have sold Progress Software company stock in the last year include Anthony Murphy, Charles Francis Kane, Dimitre Taslakov, John R Egan and Paul A Jalbert. View Insider Buying and Selling for Progress Software.

PRGS stock was bought by a variety of institutional investors in the last quarter, including Boston Trust Walden Corp, Alpha Windward LLC, Campbell & CO Investment Adviser LLC, Nisa Investment Advisors LLC and Strs Ohio. 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, Robinhood, Fidelity and Charles Schwab.

One share of PRGS stock can currently be purchased for approximately $46.78.

Progress Software has a market capitalization of $2.10 billion and generates $413.30 million in revenue each year. The software maker earns $26.40 million in net income (profit) each year or $2.29 on an earnings per share basis. Progress Software employs 1,412 workers across the globe.View Additional Information About Progress Software.

The official website for Progress Software is http://www.progress.com/.

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]