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

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

Progress Software announced a quarterly dividend on Tuesday, June 25th. Stockholders of record on Monday, September 2nd will be given a dividend of $0.155 per share on Monday, September 16th. This represents a $0.62 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, August 29th. View Progress Software's Dividend History.

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

Progress Software Corp (NASDAQ:PRGS) announced its quarterly earnings data on Thursday, June, 27th. The software maker reported $0.65 EPS for the quarter, topping the Zacks' consensus estimate of $0.48 by $0.17. The software maker had revenue of $103.48 million for the quarter, compared to analysts' expectations of $98.20 million. Progress Software had a return on equity of 30.71% and a net margin of 13.30%. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 EPS. 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 issued an update on its FY19 earnings guidance on Thursday, June, 27th. The company provided earnings per share (EPS) guidance of $2.52-2.57 for the period, compared to the Thomson Reuters consensus earnings per share 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 objectives for Progress Software's shares. Their predictions range from $49.00 to $52.00. On average, they expect Progress Software's stock price to reach $50.3333 in the next twelve months. This suggests a possible upside of 28.6% 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.

Media coverage about PRGS stock has been trending positive recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of 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 2.5 on InfoTrie's scale. They also assigned press coverage about the software maker a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock's share price in the immediate future. View News Stories for Progress Software.

Progress Software saw a decline in short interest in July. As of July 31st, there was short interest totalling 585,100 shares, a decline of 13.9% from the June 30th total of 679,600 shares. Based on an average daily volume of 347,400 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.3% of the shares of the stock are short sold. View Progress Software's Current Options Chain.

Some companies that are related to Progress Software include Trend Micro (TMICY), Momo (MOMO), FalconStor Software (FALC), Avalara (AVLR), Elastic (ESTC), Dynatrace (DT), Konami (KNMCY), RealPage (RP), Medidata Solutions (MDSO), National Instruments (NATI), Paylocity (PCTY), SolarWinds (SWI), Manhattan Associates (MANH), ITV PLC/ADR (ITVPY) and Smartsheet (SMAR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Progress Software investors own include Energy Transfer LP Unit (ET), Intel (INTC), Cornerstone Total Return Fund (CRF), CBL & Associates Properties (CBL), Ford Motor (F), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), Cornerstone Strategic Value Fund (CLM), Capitala Finance (CPTA) and Cypress Semiconductor (CY).

Progress Software's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.87%), Vanguard Group Inc. (10.62%), Man Group plc (3.76%), Acadian Asset Management LLC (3.59%), Renaissance Technologies LLC (3.04%) and JPMorgan Chase & Co. (2.13%). 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 purchased 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, Scottrade, Fidelity and Charles Schwab.

One share of PRGS stock can currently be purchased for approximately $39.14.

Progress Software has a market capitalization of $1.75 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]