Research Analysts Set Expectations for PRGS Q2 Earnings

Progress Software Co. (NASDAQ:PRGS) – Analysts at DA Davidson issued their Q2 2025 earnings estimates for shares of Progress Software in a report issued on Tuesday, April 1st. DA Davidson analyst L. Schreiner expects that the software maker will post earnings per share of $1.02 for the quarter. DA Davidson currently has a “Buy” rating and a $75.00 target price on the stock. The consensus estimate for Progress Software’s current full-year earnings is $4.01 per share. DA Davidson also issued estimates for Progress Software’s FY2026 earnings at $4.56 EPS.

Several other research firms have also weighed in on PRGS. Wedbush reissued an “outperform” rating and set a $75.00 price target on shares of Progress Software in a research report on Tuesday. StockNews.com lowered shares of Progress Software from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 23rd. Jefferies Financial Group boosted their price objective on shares of Progress Software from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Guggenheim reiterated a “buy” rating and set a $83.00 price objective on shares of Progress Software in a report on Tuesday. Finally, Citigroup raised their price objective on shares of Progress Software from $65.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Progress Software has a consensus rating of “Moderate Buy” and a consensus price target of $75.17.

Progress Software Trading Up 2.1 %

Shares of PRGS opened at $58.98 on Wednesday. The business’s 50-day moving average price is $55.75 and its 200 day moving average price is $62.06. The stock has a market capitalization of $2.54 billion, a P/E ratio of 37.81, a P/E/G ratio of 2.82 and a beta of 0.88. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 3.48. Progress Software has a 1-year low of $48.00 and a 1-year high of $70.56.

Progress Software (NASDAQ:PRGS) last posted its quarterly earnings results on Monday, March 31st. The software maker reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.27. Progress Software had a net margin of 9.08% and a return on equity of 41.56%. The firm had revenue of $238.02 million for the quarter, compared to analyst estimates of $235.64 million. During the same quarter in the previous year, the business posted $1.25 earnings per share. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year.

Insider Activity

In other news, insider Ian Pitt sold 1,482 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $56.60, for a total transaction of $83,881.20. Following the completion of the transaction, the insider now directly owns 7,613 shares in the company, valued at $430,895.80. The trade was a 16.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Anthony Folger sold 15,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $56.30, for a total transaction of $844,500.00. Following the completion of the sale, the chief financial officer now owns 44,564 shares in the company, valued at $2,508,953.20. This represents a 25.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,482 shares of company stock valued at $984,621 over the last 90 days. 3.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Progress Software

A number of institutional investors have recently added to or reduced their stakes in PRGS. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Progress Software in the fourth quarter valued at approximately $7,966,000. Mackenzie Financial Corp boosted its holdings in Progress Software by 22.2% in the fourth quarter. Mackenzie Financial Corp now owns 36,562 shares of the software maker’s stock valued at $2,382,000 after acquiring an additional 6,640 shares during the last quarter. Orion Capital Management LLC bought a new stake in Progress Software during the 4th quarter worth about $33,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Progress Software by 17.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 142,639 shares of the software maker’s stock valued at $9,293,000 after purchasing an additional 21,289 shares during the period. Finally, Woodline Partners LP boosted its stake in shares of Progress Software by 9.9% in the 4th quarter. Woodline Partners LP now owns 109,072 shares of the software maker’s stock valued at $7,106,000 after purchasing an additional 9,789 shares during the last quarter.

Progress Software Company Profile

Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers.