NASDAQ:PRGS - Progress Software Stock Price, Price Target & More

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

Progress Software declared a quarterly dividend on Wednesday, June 27th. Investors of record on Monday, September 3rd will be paid a dividend of $0.14 per share on Monday, September 17th. This represents a $0.56 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, August 30th. View Progress Software's Dividend History.

Progress Software declared that its Board of Directors has initiated a stock repurchase program on Thursday, September 28th 2017, which allows the company to buyback $159,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 8.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management believes its shares are undervalued.

Progress Software Co. (NASDAQ:PRGS) announced its earnings results on Wednesday, June, 27th. The software maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.53 by $0.07. The software maker earned $96.10 million during the quarter, compared to analyst estimates of $95.03 million. Progress Software had a net margin of 13.86% and a return on equity of 26.14%. Progress Software's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 earnings per share. View Progress Software's Earnings History.

Progress Software is scheduled to release their next quarterly earnings announcement on Wednesday, September, 26th 2018. View Earnings Estimates for Progress Software.

Progress Software updated its FY18 earnings guidance on Wednesday, June, 27th. The company provided EPS guidance of $2.45-$2.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.42. The company issued revenue guidance of $399-$404 million, compared to the consensus revenue estimate of $403.92 million.Progress Software also updated its Q3 guidance to $0.56-$0.58 EPS.

4 equities research analysts have issued 12-month price objectives for Progress Software's shares. Their predictions range from $29.00 to $50.00. On average, they expect Progress Software's stock price to reach $40.3333 in the next year. This suggests a possible upside of 3.1% from the stock's current price. View Analyst Ratings for Progress Software.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progress Software in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Progress Software include Atlassian (TEAM), Konami (KNMCY), Paycom Software (PAYC), New Relic (NEWR), Twilio (TWLO), Okta (OKTA), SINA (SINA), MuleSoft (MULE), National Instruments (NATI), LogMeIn (LOGM), Blackbaud (BLKB), BlackBerry (BB), 2U (TWOU), Medidata Solutions (MDSO) and HubSpot (HUBS).

Media coverage about PRGS stock has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Progress Software earned a news sentiment score of 0.13 on Accern's scale. They also assigned media headlines about the software maker an impact score of 45.37 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

Progress Software's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (2.70%), Municipal Employees Retirement System of Michigan (0.03%), Hartford Investment Management Co. (0.02%) and Bank of Montreal Can (0.01%). Company insiders that own Progress Software stock include Michael Mark and Praesidium Investment Manageme. View Institutional Ownership Trends for Progress Software.

PRGS stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can and Municipal Employees Retirement System of Michigan. View Insider Buying and Selling for Progress Software.

PRGS stock was acquired by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC and Hartford Investment Management Co.. 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 $39.13.

Progress Software has a market capitalization of $1.77 billion and generates $397.57 million in revenue each year. The software maker earns $37.41 million in net income (profit) each year or $1.72 on an earnings per share basis. Progress Software employs 1,470 workers across the globe.

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]