Progress Software Corporation (NASDAQ:PRGS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Progress Software Corporation (NASDAQ:PRGS) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $64.60.

PRGS has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered their price target on Progress Software from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, January 5th. Weiss Ratings raised shares of Progress Software from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 21st. Wedbush cut their target price on shares of Progress Software from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, January 22nd. DA Davidson decreased their price target on shares of Progress Software from $75.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, January 15th. Finally, Wall Street Zen raised Progress Software from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd.

Insider Buying and Selling at Progress Software

In related news, EVP Sundar Subramanian sold 1,352 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $42.37, for a total value of $57,284.24. Following the completion of the transaction, the executive vice president directly owned 29,066 shares in the company, valued at approximately $1,231,526.42. The trade was a 4.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Progress Software

Several large investors have recently made changes to their positions in the stock. Maseco LLP acquired a new stake in shares of Progress Software in the second quarter valued at about $28,000. Quaker Wealth Management LLC grew its stake in Progress Software by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 450 shares of the software maker’s stock valued at $29,000 after purchasing an additional 900 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Progress Software during the 2nd quarter worth approximately $41,000. Osaic Holdings Inc. raised its stake in shares of Progress Software by 183.0% during the 2nd quarter. Osaic Holdings Inc. now owns 985 shares of the software maker’s stock worth $62,000 after purchasing an additional 637 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of Progress Software by 135.1% during the 1st quarter. Advisors Asset Management Inc. now owns 1,051 shares of the software maker’s stock worth $54,000 after purchasing an additional 604 shares in the last quarter.

Progress Software Stock Performance

PRGS stock opened at $39.71 on Friday. Progress Software has a twelve month low of $38.54 and a twelve month high of $65.50. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.18. The company has a market cap of $1.67 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 1.82 and a beta of 0.61. The business’s fifty day moving average is $42.41 and its 200-day moving average is $43.91.

Progress Software (NASDAQ:PRGS) last announced its quarterly earnings data on Tuesday, January 20th. The software maker reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. Progress Software had a return on equity of 43.90% and a net margin of 7.48%.The business had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $252.86 million. During the same period in the previous year, the firm earned $1.33 earnings per share. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. Progress Software has set its FY 2026 guidance at 1.74-1.910 EPS and its Q1 2026 guidance at 1.56-1.62 EPS. Equities research analysts forecast that Progress Software will post 4.01 EPS for the current year.

Progress Software Company Profile

Progress Software (NASDAQ: PRGS) is a global provider of enterprise software designed to simplify and accelerate the delivery of business applications. The company’s offerings span digital experience management, application development and deployment, data connectivity and integration, and predictive analytics. Progress supports organizations in building, deploying, and managing mission-critical applications across on-premises, cloud and hybrid environments, helping to reduce development complexity and operational overhead.

Key products in Progress’s portfolio include Progress OpenEdge, a robust development and database platform for building transactional applications; Progress DataDirect, which enables high-performance connectivity to disparate data sources; Progress Sitefinity, a digital experience platform for content management and personalization; Progress Telerik, a suite of UI controls and developer tools; and Progress Kinvey, a serverless backend platform for mobile and web applications.