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S&P 500   3,380.16 (+0.18%)
DOW   29,398.08 (-0.09%)
QQQ   234.64 (+0.29%)
S&P 500   3,380.16 (+0.18%)
DOW   29,398.08 (-0.09%)
QQQ   234.64 (+0.29%)
S&P 500   3,380.16 (+0.18%)
DOW   29,398.08 (-0.09%)
QQQ   234.64 (+0.29%)
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NASDAQ:PRGS - Progress Software Stock Price, Forecast & News

$45.04
-0.42 (-0.92 %)
(As of 02/17/2020 04:00 PM ET)
Today's Range
$44.92
Now: $45.04
$45.66
50-Day Range
$41.46
MA: $45.10
$50.13
52-Week Range
$35.68
Now: $45.04
$52.50
Volume247,037 shs
Average Volume326,998 shs
Market Capitalization$2.03 billion
P/E Ratio77.66
Dividend Yield1.47%
Beta0.79
Progress Software Corporation develops business applications worldwide. The company operates in three segments: OpenEdge, Data Connectivity and Integration, and Application Development and Deployment. The OpenEdge segment offers Progress OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; Progress Corticon, a business rules management system that enables applications with decision automation and change process, and decision-related insight capabilities; Progress Kinvey, a platform for building enterprise applications; NativeScript, an open-source application development platform; and DataRPM, a cognitive predictive maintenance solution for industrial IoT. Read More…

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustrySystems Software
SectorComputer and Technology
Current SymbolNASDAQ:PRGS
CUSIP74331210
Phone781-280-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$413.30 million
Cash Flow$4.12 per share
Book Value$7.37 per share

Profitability

Net Income$26.40 million

Miscellaneous

Employees1,538
Market Cap$2.03 billion
Next Earnings Date3/26/2020 (Estimated)
OptionableOptionable

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Progress Software (NASDAQ:PRGS) Frequently Asked Questions

What is Progress Software's stock symbol?

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

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

Progress Software announced a quarterly dividend on Tuesday, January 21st. Investors of record on Monday, March 2nd will be given a dividend of $0.165 per share on Monday, March 16th. This represents a $0.66 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Friday, February 28th. View Progress Software's Dividend History.

How will Progress Software's stock buyback program work?

Progress Software announced that its board has initiated a share repurchase plan on Thursday, January 16th 2020, which authorizes the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 11.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

How were Progress Software's earnings last quarter?

Progress Software Corp (NASDAQ:PRGS) issued its earnings results on Thursday, January, 16th. The software maker reported $0.79 EPS for the quarter, topping the Zacks' consensus estimate of $0.75 by $0.04. The software maker had revenue of $123.42 million for the quarter, compared to analysts' expectations of $118.30 million. Progress Software had a net margin of 6.39% and a return on equity of 32.03%. The business's quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 EPS. View Progress Software's Earnings History.

When is Progress Software's next earnings date?

Progress Software is scheduled to release their next quarterly earnings announcement on Thursday, March 26th 2020. View Earnings Estimates for Progress Software.

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

Progress Software issued an update on its FY20 earnings guidance on Thursday, January, 16th. The company provided EPS guidance of $2.87-2.92 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.83. The company issued revenue guidance of $448-455 million, compared to the consensus revenue estimate of $435.22 million.

What price target have analysts set for PRGS?

4 analysts have issued 12-month target prices for Progress Software's stock. Their forecasts range from $50.00 to $57.00. On average, they expect Progress Software's share price to reach $53.00 in the next year. This suggests a possible upside of 17.7% from the stock's current price. View Analyst Price Targets for Progress Software.

What is the consensus analysts' recommendation for Progress Software?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progress Software in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Progress Software.

Has Progress Software been receiving favorable news coverage?

Media stories about PRGS stock have been trending very negative on Monday, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Progress Software earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave news headlines about the software maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Progress Software.

Are investors shorting Progress Software?

Progress Software saw a decrease in short interest during the month of January. As of January 31st, there was short interest totalling 753,600 shares, a decrease of 20.0% from the January 15th total of 942,300 shares. Based on an average daily volume of 300,500 shares, the short-interest ratio is currently 2.5 days. Approximately 1.7% of the shares of the stock are short sold. View Progress Software's Current Options Chain.

Who are some of Progress Software's key competitors?

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 Energy Transfer LP Unit (ET), Intel (INTC), Advanced Micro Devices (AMD), Micron Technology (MU), Pfizer (PFE), Alibaba Group (BABA), Verizon Communications (VZ), Cisco Systems (CSCO), Cypress Semiconductor (CY) and JD.Com (JD).

Who are Progress Software's key executives?

Progress Software's management team includes the folowing people:
  • Mr. Yogesh Gupta, CEO, Pres & Director (Age 58)
  • Mr. Paul A. Jalbert, Chief Financial Officer (Age 62)
  • Mr. Dmitri Tcherevik, Chief Technology Officer (Age 49)
  • Ms. Loren Weinberg Jarrett, Chief Marketing Officer (Age 44)
  • Mr. John Ainsworth, Sr. VP of Core Products (Age 54)

Who are Progress Software's major shareholders?

Progress Software's stock is owned by a number of of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (4.06%), Acadian Asset Management LLC (3.49%), State Street Corp (3.10%), Boston Trust Walden Corp (1.69%), Prudential Financial Inc. (1.56%) and Bank of New York Mellon Corp (1.43%). Company insiders that own Progress Software stock include Anthony Murphy, Charles Francis Kane, Dimitre Taslakov, John R Egan, Michael Mark and Paul A Jalbert. View Institutional Ownership Trends for Progress Software.

Which institutional investors are selling Progress Software stock?

PRGS stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Robeco Institutional Asset Management B.V., MERIAN GLOBAL INVESTORS UK Ltd, MERIAN GLOBAL INVESTORS UK Ltd, Bank of New York Mellon Corp, DekaBank Deutsche Girozentrale, Prudential Financial Inc. and AQR Capital Management LLC. Company insiders that have sold Progress Software company stock in the last year include Anthony Murphy, Charles Francis Kane, Dimitre Taslakov, John R Egan and Paul A Jalbert. View Insider Buying and Selling for Progress Software.

Which institutional investors are buying Progress Software stock?

PRGS stock was acquired by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, Renaissance Technologies LLC, Goldman Sachs Group Inc., California Public Employees Retirement System, AJO LP, Amundi Pioneer Asset Management Inc., Great West Life Assurance Co. Can and Bank of America Corp DE. View Insider Buying and Selling for Progress Software.

How do I buy shares of 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.

What is Progress Software's stock price today?

One share of PRGS stock can currently be purchased for approximately $45.04.

How big of a company is Progress Software?

Progress Software has a market capitalization of $2.03 billion and generates $413.30 million in revenue each year. The software maker earns $26.40 million in net income (profit) each year or $2.29 on an earnings per share basis. Progress Software employs 1,538 workers across the globe.View Additional Information About Progress Software.

What is Progress Software's official website?

The official website for Progress Software is http://www.progress.com/.

How can I contact Progress Software?

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]


MarketBeat Community Rating for Progress Software (NASDAQ PRGS)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  368 (Vote Outperform)
Underperform Votes:  406 (Vote Underperform)
Total Votes:  774
MarketBeat's community ratings are surveys of what our community members think about Progress Software and other stocks. Vote "Outperform" if you believe PRGS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PRGS will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/17/2020 by MarketBeat.com Staff

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