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S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
MarketBeat Week in Review – 1/30 - 2/3
A gold storm is coming… (Ad)
State of the Union: Biden sees economic glow, GOP sees gloom
Why a new Alzheimer's drug is having a slow US debut
A gold storm is coming… (Ad)
Sri Lanka marks independence anniversary amid economic woes
Tesla hikes price of Model Y after US alters tax credit rule
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Disney World unions vote down offer covering 45,000 workers
Route to Super Bowl dangerous for Mexico's avocado haulers
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
MarketBeat Week in Review – 1/30 - 2/3
A gold storm is coming… (Ad)
State of the Union: Biden sees economic glow, GOP sees gloom
Why a new Alzheimer's drug is having a slow US debut
A gold storm is coming… (Ad)
Sri Lanka marks independence anniversary amid economic woes
Tesla hikes price of Model Y after US alters tax credit rule
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Disney World unions vote down offer covering 45,000 workers
Route to Super Bowl dangerous for Mexico's avocado haulers
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
MarketBeat Week in Review – 1/30 - 2/3
A gold storm is coming… (Ad)
State of the Union: Biden sees economic glow, GOP sees gloom
Why a new Alzheimer's drug is having a slow US debut
A gold storm is coming… (Ad)
Sri Lanka marks independence anniversary amid economic woes
Tesla hikes price of Model Y after US alters tax credit rule
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Disney World unions vote down offer covering 45,000 workers
Route to Super Bowl dangerous for Mexico's avocado haulers
NASDAQ:PRGS

Progress Software - PRGS Stock Forecast, Price & News

$56.67
-0.25 (-0.44%)
(As of 02/3/2023 12:00 AM ET)
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Compare
Today's Range
$56.26
$57.48
50-Day Range
$49.29
$56.92
52-Week Range
$40.33
$57.47
Volume
477,877 shs
Average Volume
292,582 shs
Market Capitalization
$2.46 billion
P/E Ratio
26.24
Dividend Yield
1.24%
Price Target
$52.75

Progress Software MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
6.9% Downside
$52.75 Price Target
Short Interest
Bearish
6.39% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.88
Upright™ Environmental Score
News Sentiment
0.63mentions of Progress Software in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$2.38 M Sold Last Quarter
Proj. Earnings Growth
13.66%
From $3.44 to $3.91 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.91 out of 5 stars

Computer And Technology Sector

381st out of 610 stocks

Prepackaged Software Industry

128th out of 215 stocks

PRGS stock logo

About Progress Software (NASDAQ:PRGS) Stock

Progress Software Corp. is a global software company, which engages in the provision of products that develop and deploy mission-critical business applications. Its products and solutions include OpenEdge, Developer Tools, Sitefinity, Corticon, DataDirect Connect, MOVEit, Chef, WhatsUp Gold, Kemp Loadmaster, and Kemp Flowmon Network Visibility. The company was founded by Joseph Wright Alsop, Clyde Kessel, and Charles Arthur Ziering in 1981 and is headquartered in Burlington, MA.

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PRGS Stock News Headlines

A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Progress Software declares $0.175 dividend
Progress Software Corp Q4 Profit Increases, beats estimates
Progress Software stock weakens on mixed quarter, outlook
Preview: Progress Software's Earnings
Progress Software: A Stable Business At A Crossroads
Progress Announces Plans to Acquire MarkLogic
See More Headlines
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PRGS Company Calendar

Ex-Dividend for 12/15 Dividend
11/30/2022
Dividend Payable
12/15/2022
Last Earnings
1/17/2023
Today
2/05/2023
Ex-Dividend for 3/15 Dividend
2/28/2023
Dividend Payable
3/15/2023
Next Earnings (Estimated)
4/04/2023
Fiscal Year End
11/30/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Systems Software
Current Symbol
NASDAQ:PRGS
CUSIP
74331210
Employees
2,103
Year Founded
1981

Price Target and Rating

Average Stock Price Forecast
$52.75
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$46.00
Forecasted Upside/Downside
-6.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$95.07 million
Pretax Margin
19.48%

Debt

Sales & Book Value

Annual Sales
$602.01 million
Cash Flow
$5.35 per share
Book Value
$9.19 per share

Miscellaneous

Free Float
41,958,000
Market Cap
$2.46 billion
Optionable
Optionable
Beta
1.01

Social Links


Key Executives

  • Yogesh K. Gupta
    President, Chief Executive Officer & Director
  • Anthony Folger
    Chief Financial Officer & Executive Vice President
  • Ian Pitt
    Chief Information Officer & Executive VP
  • Loren Weinberg Jarrett
    Executive VP & GM-Developer Tools Business
  • Katie Kulikoski
    Chief People Officer & Executive Vice President













PRGS Stock - Frequently Asked Questions

Should I buy or sell Progress Software stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Progress Software in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PRGS shares.
View PRGS analyst ratings
or view top-rated stocks.

What is Progress Software's stock price forecast for 2023?

5 brokers have issued 1 year target prices for Progress Software's shares. Their PRGS share price forecasts range from $46.00 to $60.00. On average, they anticipate the company's share price to reach $52.75 in the next twelve months. This suggests that the stock has a possible downside of 6.9%.
View analysts price targets for PRGS
or view top-rated stocks among Wall Street analysts.

How have PRGS shares performed in 2023?

Progress Software's stock was trading at $50.45 at the beginning of 2023. Since then, PRGS shares have increased by 12.3% and is now trading at $56.67.
View the best growth stocks for 2023 here
.

When is Progress Software's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 4th 2023.
View our PRGS earnings forecast
.

How were Progress Software's earnings last quarter?

Progress Software Co. (NASDAQ:PRGS) posted its earnings results on Tuesday, January, 17th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by $0.02. The software maker had revenue of $159.17 million for the quarter, compared to analysts' expectations of $163.04 million. Progress Software had a net margin of 15.79% and a trailing twelve-month return on equity of 41.04%. The business's revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 earnings per share.

How often does Progress Software pay dividends? What is the dividend yield for Progress Software?

Progress Software announced a quarterly dividend on Tuesday, January 17th. Shareholders of record on Wednesday, March 1st will be given a dividend of $0.175 per share on Wednesday, March 15th. This represents a $0.70 annualized dividend and a yield of 1.24%. The ex-dividend date is Tuesday, February 28th.
Read our dividend analysis for PRGS
.

Is Progress Software a good dividend stock?

Progress Software (NASDAQ:PRGS) pays an annual dividend of $0.70 per share and currently has a dividend yield of 1.28%. The dividend payout ratio is 32.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRGS will have a dividend payout ratio of 17.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PRGS.

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

Progress Software issued an update on its FY22 earnings guidance on Tuesday, January, 17th. The company provided earnings per share (EPS) guidance of $4.09-4.17 for the period, compared to the consensus estimate of $4.10. The company issued revenue guidance of $675-685 million, compared to the consensus revenue estimate of $613.03 million.

What is Yogesh Gupta's approval rating as Progress Software's CEO?

139 employees have rated Progress Software Chief Executive Officer Yogesh Gupta on Glassdoor.com. Yogesh Gupta has an approval rating of 54% among the company's employees. This puts Yogesh Gupta in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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 Intel (INTC), Micron Technology (MU), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Energy Transfer (ET), Pfizer (PFE), AbbVie (ABBV), NVIDIA (NVDA), Costco Wholesale (COST) and Broadcom (AVGO).

What is Progress Software's stock symbol?

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

Who are Progress Software's major shareholders?

Progress Software's stock is owned by many different institutional and retail investors. Top institutional shareholders include Boston Trust Walden Corp (3.76%), Seizert Capital Partners LLC (2.08%), Allspring Global Investments Holdings LLC (1.05%), DekaBank Deutsche Girozentrale (0.94%), Mizuho Markets Americas LLC (0.94%) and Ceredex Value Advisors LLC (0.63%). Insiders that own company stock include Anthony Folger, Charles Francis Kane, Domenic Lococo, Gary Quinn, Jennifer Ortiz, Jeremy Segal, John Ainsworth, Kathryn Kulikoski, Loren Jarrett, Rainer Gawlick, Sundar Subramanian and Yogesh K Gupta.
View institutional ownership trends
.

How do I buy shares of Progress Software?

Shares of PRGS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Progress Software's stock price today?

One share of PRGS stock can currently be purchased for approximately $56.67.

How much money does Progress Software make?

Progress Software (NASDAQ:PRGS) has a market capitalization of $2.46 billion and generates $602.01 million in revenue each year. The software maker earns $95.07 million in net income (profit) each year or $2.16 on an earnings per share basis.

How many employees does Progress Software have?

The company employs 2,103 workers across the globe.

Does Progress Software have any subsidiaries?
The following companies are subsidiares of Progress Software: Actional, Allegrix, Apama, Apama (UK) Limited, BravePoint, Chef, Corticon Technologies, DataDirect Technologies, DataRPM, EasyAsk, Flowmon Networks A.S., Flowmon Networks Inc, IONA Technologies, IONA Technologies Spain SL, Ipswitch, Kemp Technologies Inc, Kemp Technologies India Private Limited, Kemp Technologies Limited, Kemp Technologies Pte. Ltd, Kinvey, MPC Kappa Holdings Inc, MPC Kappa Intermediate Inc, Mindreef, Modulus, Neon Systems, OneBit Software, OpenAccess Software, Pantero, PeerDirect, Persistence Software, Progress (Shanghai) Software System Company Limited, Progress Software (Pty) Ltd, Progress Software A/S, Progress Software A/S, Progress Software AG, Progress Software B.V., Progress Software Corporation (S) Pte. Ltd., Progress Software Corporation Limited, Progress Software Corporation of Canada Ltd, Progress Software Denmark A/S, Progress Software Development Private Limited, Progress Software EAD, Progress Software Europe B.V., Progress Software Germany GmbH, Progress Software GesmbH, Progress Software GmbH, Progress Software International LLC, Progress Software Italy S.r.l., Progress Software Japan KK, Progress Software Limited, Progress Software NV, Progress Software Oy, Progress Software Pty. Ltd., Progress Software S.A.S., Progress Software S.L., Progress Software Solutions India Private Limited, Progress Software Sp. z.o o., Progress Software Svenska AB, Progress Software Technologies Limited, Progress Software do Brasil Ltda., Progress Telerik, Rollbase, SPK Acquisitions Limited, Savvion, Savvion Inc, Trident Acquisition EAD, Trident Acquisition Limited, Xcalia, and eXcelon Corporation.
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How can I contact Progress Software?

Progress Software's mailing address is 14 OAK PARK DRIVE, BEDFORD MA, 01730. The official website for the company is www.progress.com. The software maker can be reached via phone at (781) 280-4000, via email at investor-relations@progress.com, or via fax at 781-280-4095.

This page (NASDAQ:PRGS) was last updated on 2/5/2023 by MarketBeat.com Staff