Progress Software (PRGS) Stock Price, News & Analysis

Company Overview

Progress Software is a global provider of mission-critical application development and deployment solutions that enable enterprises to build, integrate, secure and manage strategic business applications. The company’s product portfolio spans digital experience, infrastructure automation and data connectivity, serving organizations that require scalable, high-performance software platforms to support modern IT initiatives and customer-facing solutions.

The company’s flagship offering, OpenEdge, is a comprehensive application development environment designed for building and deploying business-critical applications with built-in database, transaction management and security capabilities. Progress Sitefinity delivers a digital experience platform that empowers marketing and IT teams to create, manage and optimize websites, portals and e-commerce experiences. Progress Telerik provides a suite of user interface components and developer tools for .NET, JavaScript and mobile platforms, helping developers accelerate application delivery with pre-built, customizable widgets.

Progress Software traces its roots to 1981, when it was established as Data Language Corporation, and adopted its current name in 1987. Throughout its history, the company has expanded its capabilities through strategic acquisitions, including the integration of leading data connectivity and file transfer solutions to support hybrid and multi-cloud environments. This expansion has reinforced Progress’s ability to address the evolving requirements of large enterprises across diverse industries such as financial services, manufacturing, healthcare and retail.

Headquartered in Burlington, Massachusetts, Progress Software operates in more than 130 countries and maintains regional offices across North America, Europe and the Asia-Pacific region. Under the leadership of CEO Yogesh Gupta, the company continues to invest in research and development, partnerships and ecosystem growth to advance its platform strategy and support customers in achieving digital transformation goals.

Key Stats

• Today's Range: $47.56 to $49.17
• 50-Day Range: $49.62 to $64.66
• 52-Week Range: $47.58 to $70.56
• Volume: 1.65 million shs
• Average Volume: 632,109 shs
• Market Capitalization: $2.05 billion
• P/E Ratio: 36.38
• Dividend Yield: N/A
• Price Target: $73.33
• Consensus Rating: Moderate Buy

Progress Software Stock Analysis - MarketRank™

Progress Software scored higher than 96% of companies evaluated by MarketBeat, and ranked 46th out of 660 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Progress Software has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Progress Software has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 21.70%

Earnings Growth

Earnings for Progress Software are expected to grow by 21.70% in the coming year, from $4.01 to $4.88 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Progress Software is 36.38, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 26.60.

Price to Earnings Ratio vs. Sector

The P/E ratio of Progress Software is 36.38, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 32.99.

Price to Earnings Growth Ratio

Progress Software has a PEG Ratio of 2.35. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Progress Software has a P/B Ratio of 4.66. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

13.49% of the float of Progress Software has been sold short.

Short Interest Ratio / Days to Cover

Progress Software has a short interest ratio ("days to cover") of 8.

Change versus previous month

Short interest in Progress Software has recently increased by 1.96%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Progress Software does not currently pay a dividend.

Dividend Growth

Progress Software does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Progress Software is 53.44%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Progress Software will have a dividend payout ratio of 14.34% next year. This indicates that Progress Software will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.7 / 5
• Environmental Score: -0.74

Percentage of Shares Shorted

13.49% of the float of Progress Software has been sold short.

Short Interest Ratio / Days to Cover

Progress Software has a short interest ratio ("days to cover") of 8.

Change versus previous month

Short interest in Progress Software has recently increased by 1.96%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 0.99

News Sentiment

Progress Software has a news sentiment score of 0.99. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.86 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Progress Software this week, compared to 9 articles on an average week.

Search Interest

27 people have searched for PRGS on MarketBeat in the last 30 days. This is an increase of 1,250% compared to the previous 30 days.

MarketBeat Follows

6 people have added Progress Software to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Progress Software insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $376,081.00 in company stock.

Percentage Held by Insiders

Only 3.40% of the stock of Progress Software is held by insiders.

PRGS Stock Analysis - Frequently Asked Questions

How have PRGS shares performed this year?

Progress Software's stock was trading at $65.15 on January 1st, 2025. Since then, PRGS stock has decreased by 26.8% and is now trading at $47.66.

How were Progress Software's earnings last quarter?

Progress Software Corporation (NASDAQ:PRGS) issued its quarterly earnings results on Monday, June, 30th. The software maker reported $1.40 EPS for the quarter, topping the consensus estimate of $1.30 by $0.10. The business's revenue for the quarter was up 35.6% compared to the same quarter last year.
Read the conference call transcript.

Does Progress Software have any subsidiaries?

The following companies are subsidiaries of Progress Software: Chef, Ipswitch, Kinvey, DataRPM, OneBit Software, Progress Telerik, BravePoint, and others.

Who are Progress Software's major shareholders?

Top institutional shareholders of Progress Software include Swedbank AB (1.68%), Exchange Traded Concepts LLC (0.08%), Delphi Management Inc. MA (0.05%) and Harbor Capital Advisors Inc. (0.03%). Insiders that own company stock include Yogesh K Gupta, David Krall, Charles Francis Kane, Anthony Folger, John Ainsworth, Sundar Subramanian, Loren Jarrett, Ian Pitt, Jennifer Ortiz, Domenic Lococo, Kathryn Kulikoski, Jeremy Segal and Yufan Stephanie Wang.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Progress Software own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Progress Software investors own include American Water Works (AWK), Voyager Therapeutics (VYGR), Humana (HUM), Waste Connections (WCN), DiamondRock Hospitality (DRH), AU Optronics (AUOTY) and The RMR Group (RMR).

Company Calendar

• Last Earnings: 6/30/2025
• Today: 7/15/2025
• Next Earnings (Estimated): 9/23/2025
• Fiscal Year End: 11/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: COMP - SOFTWARE
• Sub-Industry: Systems Software
• Current Symbol: NASDAQ:PRGS
• CIK: 876167
• Web: www.progress.com
• Phone: (781) 280-4000
• Fax: 781-280-4095
• Employees: 2,815
• Year Founded: 1981

Price Target and Rating

• Average Price Target for Progress Software: $73.33
• High Price Target: $83.00
• Low Price Target: $57.00
• Potential Upside/Downside: +53.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 6 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.31
• Trailing P/E Ratio: 36.38
• Forward P/E Ratio: 11.89
• P/E Growth: 2.35
• Net Income: $68.44 million
• Net Margins: 6.63%
• Pretax Margin: 9.17%
• Return on Equity: 43.72%
• Return on Assets: 8.47%

Debt

• Debt-to-Equity Ratio: 2.43
• Current Ratio: 0.43
• Quick Ratio: 0.43

Sales & Book Value

• Annual Sales: $869.02 million
• Price / Sales: 2.36
• Cash Flow: $6.39 per share
• Price / Cash Flow: 7.46
• Book Value: $10.23 per share
• Price / Book: 4.66

Miscellaneous

• Outstanding Shares: 43,108,000
• Free Float: 41,556,000
• Market Cap: $2.05 billion
• Optionable: Optionable
• Beta: 0.68