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 Thursday, September 26th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.165 per share on Monday, December 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Progress Software's previous quarterly dividend of $0.16. View Progress Software's Dividend History.

Progress Software Corp (NASDAQ:PRGS) posted its quarterly earnings data on Thursday, September, 26th. The software maker reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.07. The software maker had revenue of $115.52 million for the quarter, compared to analysts' expectations of $110.83 million. Progress Software had a net margin of 12.16% and a return on equity of 32.10%. The business's revenue was up 24.6% on a year-over-year basis. During the same period 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, January 16th 2020. View Earnings Estimates for Progress Software.

Progress Software updated its fourth quarter earnings guidance on Thursday, September, 26th. The company provided earnings per share guidance of $0.73-0.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.74. The company issued revenue guidance of $116-119 million, compared to the consensus revenue estimate of $122.13 million.

3 brokerages have issued 12 month target prices for Progress Software's shares. Their predictions range from $49.00 to $52.00. On average, they anticipate Progress Software's stock price to reach $50.33 in the next twelve months. This suggests a possible upside of 27.9% 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 headlines about PRGS stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research group scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public 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 0.8 on InfoTrie's scale. They also gave press coverage about the software maker a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Progress Software.

Progress Software saw a decrease in short interest in the month of September. As of September 30th, there was short interest totalling 803,300 shares, a decrease of 12.0% from the August 30th total of 912,400 shares. Based on an average daily trading volume, of 307,500 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.8% 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 UBISOFT ENTMT S/ADR (UBSFY), Momo (MOMO), Trend Micro (TMICY), HubSpot (HUBS), Mongodb (MDB), Ceridian HCM (CDAY), Alteryx (AYX), Konami (KNMCY), SolarWinds (SWI), RealPage (RP), Elastic (ESTC), Anaplan (PLAN), Medidata Solutions (MDSO), National Instruments (NATI) and Micro Focus International (MFGP).

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 a variety of of institutional and retail investors. Top institutional investors include Robeco Institutional Asset Management B.V. (0.34%), Envestnet Asset Management Inc. (0.08%), State of Alaska Department of Revenue (0.08%), Meeder Asset Management Inc. (0.05%), Pacer Advisors Inc. (0.02%) and Bailard Inc. (0.02%). 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 Robeco Institutional Asset Management B.V.. 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 purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Envestnet Asset Management Inc., Campbell & CO Investment Adviser LLC, Meeder Asset Management Inc., Pacer Advisors Inc. and Bailard Inc.. 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 $39.36.

Progress Software has a market capitalization of $1.76 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]