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

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$42.47 +0.40 (+0.95 %)
(As of 09/26/2018 08:23 AM ET)
Previous Close$42.07
Today's Range$41.9250 - $42.58
52-Week Range$34.72 - $53.60
Volume276,305 shs
Average Volume341,848 shs
Market Capitalization$1.89 billion
P/E Ratio24.69
Dividend Yield1.33%
Beta0.8
Progress Software logoProgress 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.

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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 Ratio24.69
Forward P/E Ratio19.85
P/E GrowthN/A

Sales & Book Value

Annual Sales$397.57 million
Price / Sales4.81
Cash Flow$2.6644 per share
Price / Cash15.94
Book Value$7.87 per share
Price / Book5.40

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$1.89 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. Stockholders of record on Monday, September 3rd will be given 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 1.32%. The ex-dividend date of this dividend 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 has authorized a stock buyback program on Thursday, September 28th 2017, which allows the company to buyback $159,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 8.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

How were Progress Software's earnings last quarter?

Progress Software Corp (NASDAQ:PRGS) announced its earnings results on Wednesday, June, 27th. The software maker reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.07. The software maker had revenue of $96.10 million for the quarter, compared to the consensus estimate 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 in the prior year, the business earned $0.42 EPS. 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 Thursday, September, 27th 2018. View Earnings Estimates for Progress Software.

What price target have analysts set for PRGS?

4 Wall Street analysts have issued 12 month target prices for Progress Software's stock. Their forecasts range from $29.00 to $50.00. On average, they expect Progress Software's stock price to reach $40.3333 in the next twelve months. This suggests that the stock has a possible downside of 5.0%. 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. 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. " (8/29/2018)
  • 2. 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)

Are investors shorting Progress Software?

Progress Software saw a increase in short interest in the month of September. As of September 14th, there was short interest totalling 1,252,744 shares, an increase of 39.0% from the August 31st total of 901,413 shares. Based on an average trading volume of 440,053 shares, the short-interest ratio is currently 2.8 days. Approximately 2.8% of the shares of the 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:
  • 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)

Who are Progress Software's major shareholders?

Progress Software's stock is owned by a number of of retail and institutional investors. Top institutional investors 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 Northern Trust Corp (2.07%). 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 purchased 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 $42.47.

How big of a company is Progress Software?

Progress Software has a market capitalization of $1.89 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.

What is Progress Software's official website?

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

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:  255 (Vote Outperform)
Underperform Votes:  324 (Vote Underperform)
Total Votes:  579
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 9/26/2018 by MarketBeat.com Staff

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