Progress Software Stock Price, News & Analysis (NASDAQ:PRGS)

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

Progress Software announced a quarterly dividend on Tuesday, June 25th. Shareholders of record on Monday, September 2nd will be paid a dividend of $0.155 per share on Monday, September 16th. This represents a $0.62 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, August 29th. View Progress Software's Dividend History.

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

Progress Software Corp (NASDAQ:PRGS) issued its quarterly earnings results on Thursday, June, 27th. The software maker reported $0.65 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.48 by $0.17. The software maker earned $103.48 million during the quarter, compared to analyst estimates of $98.20 million. Progress Software had a net margin of 13.30% and a return on equity of 30.71%. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 earnings per share. View Progress Software's Earnings History.

Progress Software is scheduled to release their next quarterly earnings announcement on Thursday, September 26th 2019. View Earnings Estimates for Progress Software.

Progress Software will be holding an earnings conference call on Thursday, September 26th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Progress Software updated its FY19 earnings guidance on Thursday, June, 27th. The company provided earnings per share guidance of $2.52-2.57 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.51. The company issued revenue guidance of $422-428 million, compared to the consensus revenue estimate of $423.08 million.

3 equities research analysts have issued 1-year price targets for Progress Software's stock. Their forecasts range from $49.00 to $52.00. On average, they expect Progress Software's share price to reach $50.3333 in the next year. This suggests a possible upside of 25.7% from the stock's current price. View Analyst Price Targets for Progress Software.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progress Software in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Progress Software.

News articles about PRGS stock have trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. 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 impact score of -1.3 on InfoTrie's scale. They also assigned media headlines about the software maker a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Progress Software.

Progress Software saw a increase in short interest in August. As of August 31st, there was short interest totalling 684,800 shares, an increase of 17.0% from the July 31st total of 585,100 shares. Based on an average daily trading volume, of 317,900 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.6% of the company's shares are sold short. View Progress Software's Current Options Chain.

Some companies that are related to Progress Software include Elastic (ESTC), HubSpot (HUBS), Trend Micro (TMICY), Anaplan (PLAN), ITV PLC/ADR (ITVPY), Konami (KNMCY), RealPage (RP), Dynatrace (DT), Avalara (AVLR), SolarWinds (SWI), Medidata Solutions (MDSO), National Instruments (NATI), Micro Focus International (MFGP), Manhattan Associates (MANH) and Paylocity (PCTY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Progress Software investors own include Energy Transfer LP Unit (ET), Intel (INTC), Micron Technology (MU), Alibaba Group (BABA), Cornerstone Total Return Fund (CRF), Cypress Semiconductor (CY), CBL & Associates Properties (CBL), CROWN CASTLE IN/SH SH (CCI), Ford Motor (F) and SandRidge Permian Trust (PER).

Progress Software's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.87%), BlackRock Inc. (14.87%), Vanguard Group Inc. (10.62%), Man Group plc (3.76%), Acadian Asset Management LLC (3.59%) and Renaissance Technologies LLC (3.04%). Company insiders that own Progress Software stock include Anthony Murphy, Charles Francis Kane, Dimitre Taslakov, John R Egan and Michael Mark. View Institutional Ownership Trends for Progress Software.

PRGS stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Charles Schwab Investment Management Inc., Morgan Stanley, AXA, Jacobs Levy Equity Management Inc., Great Lakes Advisors LLC, Investment Counselors of Maryland LLC and Vanguard Group Inc.. Company insiders that have sold Progress Software company stock in the last year include Anthony Murphy, Charles Francis Kane, Dimitre Taslakov and John R Egan. View Insider Buying and Selling for Progress Software.

PRGS stock was bought by a variety of institutional investors in the last quarter, including Man Group plc, Nuveen Asset Management LLC, Acadian Asset Management LLC, Prudential Financial Inc., JPMorgan Chase & Co., APG Asset Management N.V., BTIM Corp. and WINTON 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, Robinhood, Fidelity and Charles Schwab.

One share of PRGS stock can currently be purchased for approximately $40.04.

Progress Software has a market capitalization of $1.79 billion and generates $397.17 million in revenue each year. The software maker earns $63.49 million in net income (profit) each year or $2.13 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]