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

$39.62
-1.12 (-2.75 %)
(As of 09/15/2019 08:09 AM ET)
Today's Range
$39.57
Now: $39.62
$40.8450
50-Day Range
$37.29
MA: $39.58
$43.86
52-Week Range
$30.23
Now: $39.62
$47.60
Volume258,194 shs
Average Volume235,160 shs
Market Capitalization$1.77 billion
P/E Ratio18.60
Dividend Yield1.52%
Beta0.81
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$397.17 million
Cash Flow$3.1002 per share
Book Value$6.91 per share

Profitability

Net Income$63.49 million

Miscellaneous

Employees1,412
Market Cap$1.77 billion
Next Earnings Date9/26/2019 (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, June 25th. Stockholders of record on Monday, September 2nd will be paid a dividend of $0.155 per share on Monday, September 16th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, August 29th. View Progress Software's Dividend History.

How will Progress Software's stock buyback program work?

Progress Software announced that its Board of Directors has authorized a stock repurchase program on Thursday, September 28th 2017, which permits the company to buyback $159,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 8.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

How were Progress Software's earnings last quarter?

Progress Software Corp (NASDAQ:PRGS) posted its earnings results on Thursday, June, 27th. The software maker reported $0.65 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.48 by $0.17. The software maker earned $103.48 million during the quarter, compared to analyst estimates of $98.20 million. Progress Software had a net margin of 13.30% and a return on equity of 30.71%. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 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, September 26th 2019. View Earnings Estimates for Progress Software.

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

Progress Software updated its FY19 earnings guidance on Thursday, June, 27th. The company provided earnings per share 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.

What price target have analysts set for PRGS?

3 brokers have issued 12 month target prices for Progress Software's stock. Their forecasts range from $49.00 to $52.00. On average, they anticipate Progress Software's share price to reach $50.3333 in the next year. This suggests a possible upside of 27.0% from the stock's current price. View Analyst Price Targets for Progress Software.

What is the consensus analysts' recommendation 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.

Has Progress Software been receiving favorable news coverage?

Media headlines about PRGS stock have trended somewhat positive recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Progress Software earned a daily sentiment score of 0.9 on InfoTrie's scale. They also assigned headlines about the software maker a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Progress Software.

Are investors shorting Progress Software?

Progress Software saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 684,800 shares, an increase of 17.0% from the July 31st total of 585,100 shares. Based on an average trading volume of 317,900 shares, the short-interest ratio is currently 2.2 days. Approximately 1.6% of the shares of the company are sold short. 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?

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 many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.87%), BlackRock Inc. (14.87%), Vanguard Group Inc. (10.62%), Man Group plc (3.76%), Acadian Asset Management LLC (3.59%) and Renaissance Technologies LLC (3.04%). 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.

Which institutional investors are selling Progress Software stock?

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.

Which institutional investors are buying Progress Software stock?

PRGS stock was acquired 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.

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 $39.62.

How big of a company is Progress Software?

Progress Software has a market capitalization of $1.77 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.

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:  2.3 out of 5 (star star)
Outperform Votes:  318 (Vote Outperform)
Underperform Votes:  378 (Vote Underperform)
Total Votes:  696
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 9/15/2019 by MarketBeat.com Staff

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