Q3 Earnings Forecast for Progress Software Issued By Wedbush

Progress Software Co. (NASDAQ:PRGS) – Wedbush lifted their Q3 2026 earnings estimates for Progress Software in a research note issued to investors on Tuesday, April 1st. Wedbush analyst D. Ives now anticipates that the software maker will post earnings of $1.22 per share for the quarter, up from their prior estimate of $1.16. Wedbush has a “Outperform” rating and a $75.00 price objective on the stock. The consensus estimate for Progress Software’s current full-year earnings is $4.01 per share. Wedbush also issued estimates for Progress Software’s Q4 2026 earnings at $1.20 EPS.

A number of other equities analysts also recently commented on the company. DA Davidson restated a “buy” rating and issued a $75.00 price objective on shares of Progress Software in a report on Tuesday, January 21st. Guggenheim reaffirmed a “buy” rating and set a $83.00 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. Citigroup lifted their target price on shares of Progress Software from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Finally, Jefferies Financial Group increased their price target on Progress Software from $65.00 to $70.00 and gave the company a “hold” rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Progress Software has an average rating of “Moderate Buy” and a consensus target price of $75.17.

Progress Software Stock Down 3.1 %

Shares of PRGS opened at $56.17 on Thursday. Progress Software has a fifty-two week low of $48.00 and a fifty-two week high of $70.56. The company’s fifty day moving average is $55.89 and its two-hundred day moving average is $62.02. The firm has a market cap of $2.42 billion, a PE ratio of 36.01, a price-to-earnings-growth ratio of 2.82 and a beta of 0.88. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 3.48.

Progress Software (NASDAQ:PRGS) last posted its quarterly earnings data 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 return on equity of 41.56% and a net margin of 9.08%. The business had revenue of $238.02 million for the quarter, compared to analysts’ expectations of $235.64 million. During the same quarter last year, the firm earned $1.25 earnings per share. The business’s revenue was up 28.9% on a year-over-year basis.

Insider Activity at Progress Software

In related news, insider Ian Pitt sold 1,482 shares of Progress Software stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $56.60, for a total value of $83,881.20. Following the completion of the sale, the insider now owns 7,613 shares in the company, valued at approximately $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 is accessible through this link. Also, CFO Anthony Folger sold 15,000 shares of the business’s stock in a transaction dated 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 directly owns 44,564 shares of the company’s stock, valued at $2,508,953.20. The trade was a 25.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,482 shares of company stock valued at $984,621. Insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On Progress Software

A number of large investors have recently bought and sold shares of the business. Bessemer Group Inc. increased its position in Progress Software by 149.5% in the fourth quarter. Bessemer Group Inc. now owns 494 shares of the software maker’s stock worth $33,000 after buying an additional 296 shares during the period. Orion Capital Management LLC acquired a new stake in shares of Progress Software in the 4th quarter worth about $33,000. Smartleaf Asset Management LLC lifted its position in Progress Software by 893.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 765 shares of the software maker’s stock valued at $50,000 after purchasing an additional 688 shares during the last quarter. GAMMA Investing LLC boosted its stake in Progress Software by 55.4% during the 4th quarter. GAMMA Investing LLC now owns 1,736 shares of the software maker’s stock valued at $113,000 after purchasing an additional 619 shares during the period. Finally, TD Private Client Wealth LLC grew its position in Progress Software by 19.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,863 shares of the software maker’s stock worth $126,000 after purchasing an additional 301 shares during the last quarter.

About Progress Software

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.