S&P 500   3,941.26 (-1.44%)
DOW   33,596.34 (-1.03%)
QQQ   281.68 (-2.07%)
AAPL   142.91 (-2.54%)
MSFT   245.12 (-2.03%)
META   114.12 (-6.79%)
GOOGL   96.98 (-2.51%)
AMZN   88.25 (-3.03%)
TSLA   179.82 (-1.44%)
NVDA   159.87 (-3.75%)
NIO   13.24 (+3.44%)
BABA   91.45 (+1.03%)
AMD   70.27 (-4.55%)
T   19.17 (+2.24%)
MU   53.68 (-0.67%)
CGC   3.61 (-16.44%)
F   13.28 (-0.75%)
GE   85.28 (+0.73%)
DIS   92.29 (-3.79%)
AMC   6.75 (-9.40%)
PYPL   72.23 (-1.89%)
PFE   49.71 (-2.01%)
NFLX   305.56 (-2.25%)
S&P 500   3,941.26 (-1.44%)
DOW   33,596.34 (-1.03%)
QQQ   281.68 (-2.07%)
AAPL   142.91 (-2.54%)
MSFT   245.12 (-2.03%)
META   114.12 (-6.79%)
GOOGL   96.98 (-2.51%)
AMZN   88.25 (-3.03%)
TSLA   179.82 (-1.44%)
NVDA   159.87 (-3.75%)
NIO   13.24 (+3.44%)
BABA   91.45 (+1.03%)
AMD   70.27 (-4.55%)
T   19.17 (+2.24%)
MU   53.68 (-0.67%)
CGC   3.61 (-16.44%)
F   13.28 (-0.75%)
GE   85.28 (+0.73%)
DIS   92.29 (-3.79%)
AMC   6.75 (-9.40%)
PYPL   72.23 (-1.89%)
PFE   49.71 (-2.01%)
NFLX   305.56 (-2.25%)
S&P 500   3,941.26 (-1.44%)
DOW   33,596.34 (-1.03%)
QQQ   281.68 (-2.07%)
AAPL   142.91 (-2.54%)
MSFT   245.12 (-2.03%)
META   114.12 (-6.79%)
GOOGL   96.98 (-2.51%)
AMZN   88.25 (-3.03%)
TSLA   179.82 (-1.44%)
NVDA   159.87 (-3.75%)
NIO   13.24 (+3.44%)
BABA   91.45 (+1.03%)
AMD   70.27 (-4.55%)
T   19.17 (+2.24%)
MU   53.68 (-0.67%)
CGC   3.61 (-16.44%)
F   13.28 (-0.75%)
GE   85.28 (+0.73%)
DIS   92.29 (-3.79%)
AMC   6.75 (-9.40%)
PYPL   72.23 (-1.89%)
PFE   49.71 (-2.01%)
NFLX   305.56 (-2.25%)
S&P 500   3,941.26 (-1.44%)
DOW   33,596.34 (-1.03%)
QQQ   281.68 (-2.07%)
AAPL   142.91 (-2.54%)
MSFT   245.12 (-2.03%)
META   114.12 (-6.79%)
GOOGL   96.98 (-2.51%)
AMZN   88.25 (-3.03%)
TSLA   179.82 (-1.44%)
NVDA   159.87 (-3.75%)
NIO   13.24 (+3.44%)
BABA   91.45 (+1.03%)
AMD   70.27 (-4.55%)
T   19.17 (+2.24%)
MU   53.68 (-0.67%)
CGC   3.61 (-16.44%)
F   13.28 (-0.75%)
GE   85.28 (+0.73%)
DIS   92.29 (-3.79%)
AMC   6.75 (-9.40%)
PYPL   72.23 (-1.89%)
PFE   49.71 (-2.01%)
NFLX   305.56 (-2.25%)
NASDAQ:PRGS

Progress Software - PRGS Stock Forecast, Price & News

$51.91
-0.55 (-1.05%)
(As of 12/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$51.61
▼
$52.55
50-Day Range
$41.57
▼
$54.01
52-Week Range
$40.33
▼
$54.23
Volume
136,308 shs
Average Volume
304,492 shs
Market Capitalization
$2.23 billion
P/E Ratio
26.62
Dividend Yield
1.33%
Price Target
$52.75

Progress Software MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
1.6% Upside
$52.75 Price Target
Short Interest
Bearish
6.18% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.78
Upright™ Environmental Score
News Sentiment
0.76mentions of Progress Software in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$1.68 M Sold Last Quarter
Proj. Earnings Growth
8.38%
From $3.46 to $3.75 Per Share

Overall MarketRank™

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

2.23 out of 5 stars

Computer And Technology Sector

288th out of 627 stocks

Prepackaged Software Industry

114th out of 220 stocks

See Top Rated MarketRank™ Stocks Here
PRGS stock logo

About Progress Software (NASDAQ:PRGS) Stock

Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; developer tools that consists of components for user interface development for Web, mobile, desktop, chat, and AR/VR apps, as well as automated application testing and reporting tools; Sitefinity, a web content management and customer analytics platform; Corticon, a business rules management system that provides applications with decision automation and change process, and decision-related insight capabilities. It also offers DataDirect Connect, which provides data connectivity using industry-standard interfaces to connect applications running on various platforms; MOVEit that offers secure collaboration and automated file transfers of critical business information; Chef, an infrastructure automation platform to build, deploy, manage, and secure applications in multi-cloud and hybrid environments, and on-premises; and WhatsUp Gold, a network monitoring solution. In addition, the company provides Kemp LoadMaster, a load balancing solutions; and Kemp Flowmon network performance monitoring and diagnostic solutions that collect and analyze network telemetry from various sources. Further, it provides project management, implementation, custom development, programming, and other services, as well as web-enable applications; and training services. The company sells its products to end users, independent software vendors, original equipment manufacturers, and system integrators. It has operations in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.

Receive PRGS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Progress Software and its competitors with MarketBeat's FREE daily newsletter.

PRGS Stock News Headlines

December 1, 2022 | usnews.com
Denver Gets Go-Ahead From EPA After Progress on Lead Pipes
December 1, 2022 | msn.com
Les Arcs Film Festival Unveils 2022 Works In Progress Selection: See Full List
December 1, 2022 | msn.com
Total Action for Progress receives $100,000 donation for resource programs
December 1, 2022 | finance.yahoo.com
Progress One of 9 Massachusetts-based Businesses with Critical Mass of Women Directors and Executive Officers
December 1, 2022 | finance.yahoo.com
Investing in Progress Software (NASDAQ:PRGS) three years ago would have delivered you a 37% gain
November 29, 2022 | americanbankingnews.com
Progress Software Co. (NASDAQ:PRGS) to Issue Quarterly Dividend of $0.18
November 24, 2022 | finance.yahoo.com
Progress Software (PRGS) Outpaces Stock Market Gains: What You Should Know
November 19, 2022 | usnews.com
APEC Pledges to Boost Trade as Geopolitical Rifts Hijack Regional Summits
November 19, 2022 | usnews.com
Despair, Lack of Progress at Climate Talks, Yet Hope Blooms
November 19, 2022 | usnews.com
UN Climate Talks Drag Into Extra Time With Scant Progress
November 15, 2022 | usnews.com
Progress Against Stillbirths Has Stalled in U.S.
November 15, 2022 | usnews.com
France's Macron Does Not See Room for Progress on Iran Nuclear Deal Right Now
November 15, 2022 | usnews.com
World Making Little Progress on Food Waste, a Big Climate Problem
November 14, 2022 | finance.yahoo.com
Progress Survey Reveals the Factors Driving the Adoption and Evolution of DevSecOps Over the Next Two Years
November 3, 2022 | markets.businessinsider.com
PhosAgro PJSC: PhosAgros Board of Directors Notes Significant Progress in Implementing the Companys Climate Strategy
November 3, 2022 | msn.com
Powered by Progress
November 3, 2022 | finance.yahoo.com
Progress to Ring the Nasdaq Opening Bell for the 15th Time on Friday, November 4
October 28, 2022 | benzinga.com
Climate Finance Delivery Plan Progress Report: collective progress and key actions to reach US$100 billion goal
October 27, 2022 | wsj.com
Amid the Pandemic, Progress in Catholic Schools
October 25, 2022 | msn.com
Short Volatility Alert: Progress Acquisition Corp.
October 24, 2022 | benzinga.com
National PTA Responds to Results from National Assessment of Educational Progress
October 21, 2022 | usnews.com
Ukrainian Minister Sees No Progress on Deal for Occupied Nuclear Plant
October 20, 2022 | msn.com
NewTown Macon's 'Tour of Progress' gives people a look into downtown growth
October 18, 2022 | msn.com
Total Action for Progress honors the organization’s founder and kicks off donation campaign
October 17, 2022 | usnews.com
For China's Women, This Week's Congress Is Unlikely to Mean Progress
See More Headlines
Receive PRGS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Progress Software and its competitors with MarketBeat's FREE daily newsletter.

PRGS Company Calendar

Ex-Dividend for 9/15 Dividend
8/31/2022
Dividend Payable
9/15/2022
Last Earnings
9/27/2022
Ex-Dividend for 12/15 Dividend
11/30/2022
Today
12/06/2022
Dividend Payable
12/15/2022
Next Earnings (Estimated)
1/17/2023
Fiscal Year End
11/30/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Prepackaged software
Sub-Industry
Systems Software
Sector
Computer and Technology
Current Symbol
NASDAQ:PRGS
CUSIP
74331210
CIK
876167
Web
www.progress.com
Phone
(781) 280-4000
Fax
781-280-4095
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
+1.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$1.95
Trailing P/E Ratio
26.62
Forward P/E Ratio
15.00
P/E Growth
7.2
Net Income
$78.42 million
Net Margins
14.75%
Pretax Margin
17.89%
Return on Equity
39.31%
Return on Assets
11.03%

Debt

Debt-to-Equity Ratio
1.67
Current Ratio
1.30
Quick Ratio
1.30

Sales & Book Value

Annual Sales
$531.31 million
Price / Sales
4.20
Cash Flow
$4.63 per share
Price / Cash Flow
11.22
Book Value
$9.41 per share
Price / Book
5.52

Miscellaneous

Outstanding Shares
42,998,000
Free Float
41,622,000
Market Cap
$2.23 billion
Optionable
Optionable
Beta
1.05

Social Links


Key Executives

  • Mr. Yogesh K. Gupta (Age 61)
    CEO, Pres & Director
    Comp: $1.46M
  • Mr. Anthony Folger (Age 50)
    Exec. VP & CFO
    Comp: $808.15k
  • Ms. Loren Weinberg Jarrett (Age 47)
    Exec. VP & GM
    Comp: $697.9k
  • Mr. Domenic Lococo
    Chief Accounting Officer
  • Mr. Ian Pitt (Age 54)
    Exec. VP & Chief Information Officer
  • Mr. Brian Flanagan
    Directory of Treasury & Investor Relations
  • Ms. YuFan Wang
    Exec. VP, Chief Legal Officer & Sec.
  • Ms. Jennifer Ortiz (Age 44)
    Exec. VP of Corp. Marketing
  • Mr. Jeremy SegalMr. Jeremy Segal (Age 51)
    Exec. VP of Corp. Devel.
  • Ms. Katie Kulikoski (Age 45)
    Exec. VP & Chief People Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













PRGS Stock - Frequently Asked Questions

Should I buy or sell Progress Software stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Progress Software in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 equities research analysts have issued twelve-month price objectives for Progress Software's stock. Their PRGS share price forecasts range from $46.00 to $60.00. On average, they predict the company's stock price to reach $52.75 in the next year. This suggests a possible upside of 1.7% from the stock's current price.
View analysts price targets for PRGS or view top-rated stocks among Wall Street analysts.

How have PRGS shares performed in 2022?

Progress Software's stock was trading at $48.27 at the start of the year. Since then, PRGS stock has increased by 7.4% and is now trading at $51.85.
View the best growth stocks for 2022 here.

When is Progress Software's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 17th 2023.
View our PRGS earnings forecast.

How were Progress Software's earnings last quarter?

Progress Software Co. (NASDAQ:PRGS) announced its quarterly earnings results on Tuesday, September, 27th. The software maker reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.03. The software maker had revenue of $153.06 million for the quarter, compared to the consensus estimate of $148.10 million. Progress Software had a trailing twelve-month return on equity of 39.31% and a net margin of 14.75%. Progress Software's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 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 Friday, September 23rd. Shareholders of record on Thursday, December 1st will be given a dividend of $0.175 per share on Thursday, December 15th. This represents a $0.70 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Wednesday, November 30th.
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 1.30%. The dividend payout ratio is 35.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PRGS will have a dividend payout ratio of 18.67% 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 updated its fourth quarter 2022 earnings guidance on Tuesday, October, 25th. The company provided earnings per share (EPS) guidance of $1.06-$1.10 for the period, compared to the consensus earnings per share estimate of $1.10. The company issued revenue guidance of $158.00 million-$166.00 million, compared to the consensus revenue estimate of $165.09 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 investors include Vanguard Group Inc. (11.60%), Segall Bryant & Hamill LLC (4.13%), Boston Trust Walden Corp (3.74%), Dimensional Fund Advisors LP (3.09%), Renaissance Technologies LLC (2.70%) and Victory Capital Management Inc. (2.15%). 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, Paul A Jalbert, Rainer Gawlick 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 $51.85.

How much money does Progress Software make?

Progress Software (NASDAQ:PRGS) has a market capitalization of $2.23 billion and generates $531.31 million in revenue each year. The software maker earns $78.42 million in net income (profit) each year or $1.95 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.
Read More
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 12/6/2022 by MarketBeat.com Staff