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

$44.54
-0.50 (-1.11 %)
(As of 02/19/2020 03:04 AM ET)
Today's Range
$44.53
Now: $44.54
$45.19
50-Day Range
$41.55
MA: $45.17
$50.13
52-Week Range
$35.68
Now: $44.54
$52.50
Volume361,430 shs
Average Volume408,434 shs
Market Capitalization$2.01 billion
P/E Ratio76.79
Dividend Yield1.47%
Beta0.79
Progress Software Corporation develops business applications worldwide. The company operates in 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; Progress Kinvey, a platform for building enterprise applications; NativeScript, an open-source application development platform; and DataRPM, a cognitive predictive maintenance solution for industrial IoT. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$413.30 million
Cash Flow$4.07 per share
Book Value$7.37 per share

Profitability

Net Income$26.40 million

Miscellaneous

Employees1,538
Market Cap$2.01 billion
Next Earnings Date3/26/2020 (Estimated)
OptionableOptionable

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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 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 1.48%. The ex-dividend date is Friday, February 28th. View Progress Software's Dividend History.

How will Progress Software's stock buyback program work?

Progress Software announced that its board has approved a stock repurchase plan on Thursday, January 16th 2020, which authorizes the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 11.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its shares are undervalued.

How were Progress Software's earnings last quarter?

Progress Software Corp (NASDAQ:PRGS) issued its quarterly earnings results on Thursday, January, 16th. The software maker reported $0.79 earnings per share for the quarter, topping the Zacks' consensus estimate 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%. Progress Software's revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 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 Thursday, March 26th 2020. View Earnings Estimates for Progress Software.

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

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

What price target have analysts set for PRGS?

4 equities research analysts have issued 12 month target prices for Progress Software's shares. Their forecasts range from $50.00 to $57.00. On average, they anticipate Progress Software's stock price to reach $53.00 in the next twelve months. This suggests a possible upside of 19.0% 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Progress Software.

Has Progress Software been receiving favorable news coverage?

News stories about PRGS stock have trended positive on Wednesday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog 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 media sentiment score of 2.8 on InfoTrie's scale. They also assigned news articles about the software maker a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. View News Stories for Progress Software.

Are investors shorting Progress Software?

Progress Software saw a drop in short interest in the month of January. As of January 31st, there was short interest totalling 753,600 shares, a drop of 20.0% from the January 15th total of 942,300 shares. Based on an average trading volume of 300,500 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.7% of the shares of the company are short sold. View Progress Software's Current Options Chain.

Who are some of Progress Software's key competitors?

What other stocks do shareholders of Progress Software own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Progress Software investors own include Energy Transfer LP Unit (ET), Intel (INTC), Advanced Micro Devices (AMD), Micron Technology (MU), Pfizer (PFE), Alibaba Group (BABA), Verizon Communications (VZ), Cisco Systems (CSCO), Cypress Semiconductor (CY) and JD.Com (JD).

Who are Progress Software's key executives?

Progress Software's management team includes the folowing people:
  • Mr. Yogesh Gupta, CEO, Pres & Director (Age 58)
  • Mr. Paul A. Jalbert, Chief Financial Officer (Age 62)
  • Mr. Dmitri Tcherevik, Chief Technology Officer (Age 49)
  • Ms. Loren Weinberg Jarrett, Chief Marketing Officer (Age 44)
  • Mr. John Ainsworth, Sr. VP of Core Products (Age 54)

Who are Progress Software's major shareholders?

Progress Software's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (4.06%), Acadian Asset Management LLC (3.49%), State Street Corp (3.10%), Man Group plc (2.58%), Boston Trust Walden Corp (1.69%) and Prudential Financial Inc. (1.56%). 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.

Which institutional investors are selling Progress Software stock?

PRGS stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Man Group plc, Robeco Institutional Asset Management B.V., MERIAN GLOBAL INVESTORS UK Ltd, MERIAN GLOBAL INVESTORS UK Ltd, Bank of New York Mellon Corp, DekaBank Deutsche Girozentrale and Prudential Financial Inc.. 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.

Which institutional investors are buying Progress Software stock?

PRGS stock was acquired by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, Renaissance Technologies LLC, Goldman Sachs Group Inc., California Public Employees Retirement System, AXA, AJO LP, Amundi Pioneer Asset Management Inc. and Great West Life Assurance Co. Can. 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, Robinhood, Fidelity and Charles Schwab.

What is Progress Software's stock price today?

One share of PRGS stock can currently be purchased for approximately $44.54.

How big of a company is Progress Software?

Progress Software has a market capitalization of $2.01 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 1,538 workers across the globe.View Additional Information About Progress Software.

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:  2.4 out of 5 (star star)
Outperform Votes:  368 (Vote Outperform)
Underperform Votes:  406 (Vote Underperform)
Total Votes:  774
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 2/19/2020 by MarketBeat.com Staff

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