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PRGS

Progress Software Corp

PRGS

53.24USD+0.15 (+0.28%)Delayed as of 08 Dec 2023, 11:09 am
Watchlist

Market Summary

USD53.24+0.15
Delayedas of 08 Dec 2023, 11:09 am
0.28%

PRGS Alerts

  • 2 major insider sales recently.

PRGS Stock Price

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PRGS RSI Chart

PRGS Valuation

Market Cap

2.3B

Price/Earnings (Trailing)

29.44

Price/Sales (Trailing)

3.43

EV/EBITDA

17.32

Price/Free Cashflow

13.24

PRGS Price/Sales (Trailing)

PRGS Profitability

Operating Margin

84.31%

EBT Margin

19.51%

Return on Equity

23.77%

Return on Assets

5.98%

Free Cashflow Yield

7.55%

PRGS Fundamentals

PRGS Revenue

Revenue (TTM)

674.6M

Revenue Y/Y

15.72%

Revenue Q/Q

-1.83%

PRGS Earnings

Earnings (TTM)

78.6M

Earnings Y/Y

-12.38%

Earnings Q/Q

57.97%

Price Action

52 Week Range

48.9362.34
(Low)(High)

Last 7 days

-1.4%

Last 30 days

0.3%

Last 90 days

-8.8%

Trailing 12 Months

2.9%

How does PRGS drawdown profile look like?

PRGS Financial Health

Current Ratio

0.87

PRGS Investor Care

Dividend Yield

1.32%

Dividend/Share (TTM)

0.7

Shares Dilution (1Y)

0.82%

Diluted EPS (TTM)

1.76

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023621.3M650.8M674.6M0
2022555.0M581.2M585.0M602.0M
2021453.7M475.9M513.6M531.3M
2020433.4M433.8M436.8M442.1M
2019373.1M380.3M394.4M413.3M
2018402.0M401.7M397.0M379.0M
2017406.8M403.9M399.2M397.6M
2016385.7M393.0M400.3M405.3M
2015339.4M347.4M362.7M377.6M
2014324.8M323.9M325.6M332.5M
2013318.9M326.5M329.7M334.0M
2012355.7M338.8M324.5M317.6M
2011489.1M452.4M412.3M360.7M
2010502.8M511.4M520.7M529.1M
2009510.2M504.8M499.5M494.1M
2008000515.6M

Latest Insider Trading transactions for PRGS

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Dec 01, 2023
subramanian sundar
sold
-113,653
53.6352
-2,119
evp/gm infrastructure mgmt
Nov 17, 2023
pitt ian
sold
-172,394
53.5053
-3,222
chief information officer
Nov 15, 2023
subramanian sundar
sold
-91,811
53.88
-1,704
evp/gm infrastructure mgmt
Nov 08, 2023
lococo domenic
sold
-15,852
52.84
-300
chief accounting officer
Nov 06, 2023
kulikoski kathryn
sold
-55,120
52.00
-1,060
chief people officer
Nov 06, 2023
kulikoski kathryn
acquired
49,989
47.16
1,060
chief people officer
Oct 19, 2023
kane charles francis
gifted
-
-
-3,000
-
Oct 03, 2023
wang yufan stephanie
sold
-40,409
51.94
-778
chief legal officer
Oct 02, 2023
kulikoski kathryn
acquired
63,361
42.61
1,487
chief people officer
Oct 02, 2023
kulikoski kathryn
sold
-78,067
52.5
-1,487
chief people officer

1–10 of 50

Which funds bought or sold PRGS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Dec 06, 2023
CITIGROUP INC
reduced
-3.69
-2,342,480
15,906,000
0.01%
Nov 27, 2023
USA FINANCIAL FORMULAS
reduced
-3.43
-10,879
75,400
0.11%
Nov 24, 2023
DEUTSCHE BANK AG\
added
8.03
-464,804
20,364,900
0.01%
Nov 22, 2023
Graham Capital Management, L.P.
new
-
2,472,730
2,472,730
0.06%
Nov 22, 2023
Public Sector Pension Investment Board
reduced
-30.27
-1,647,860
2,818,290
0.02%
Nov 22, 2023
KBC Group NV
unchanged
-
-
195,000
-%
Nov 21, 2023
COMERICA BANK
reduced
-93.38
2,233,170
2,236,170
0.01%
Nov 16, 2023
Financial Gravity Asset Management, Inc.
sold off
-100
-255
-
-%
Nov 16, 2023
Orion Capital Management LLC
new
-
40,750
40,750
0.03%
Nov 16, 2023
Creative Planning
new
-
201,539
201,539
-%

1–10 of 34

Latest Funds Activity

Are funds buying PRGS calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own PRGS
No. of Funds

Schedule 13G FIlings of Progress Software Corp

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2023
blackrock inc.
17.2%
7,566,013
SC 13G/A
Feb 09, 2023
vanguard group inc
11.66%
5,012,970
SC 13G/A
Jan 23, 2023
blackrock inc.
17.2%
7,378,311
SC 13G/A
Feb 10, 2022
vanguard group inc
11.09%
4,861,203
SC 13G/A
Feb 10, 2022
renaissance technologies llc
3.05%
1,346,581
SC 13G/A
Jan 27, 2022
blackrock inc.
18.6%
8,136,361
SC 13G/A
Jan 25, 2022
blackrock inc.
18.6%
8,136,361
SC 13G/A
Feb 10, 2021
renaissance technologies llc
5.26%
2,370,990
SC 13G
Feb 10, 2021
vanguard group inc
10.73%
4,837,743
SC 13G/A
Jan 25, 2021
blackrock inc.
16.2%
7,298,629
SC 13G

Recent SEC filings of Progress Software Corp

View All Filings
Date Filed Form Type Document
Dec 05, 2023
4
Insider Trading
Dec 01, 2023
144
Notice of Insider Sale Intent
Nov 22, 2023
S-8
Employee Benefits Plan
Nov 21, 2023
4
Insider Trading
Nov 20, 2023
144
Notice of Insider Sale Intent
Nov 17, 2023
144
Notice of Insider Sale Intent
Nov 17, 2023
4
Insider Trading
Nov 15, 2023
144
Notice of Insider Sale Intent
Nov 09, 2023
4
Insider Trading
Nov 07, 2023
4
Insider Trading

PRGS Fair Value

Loading...

Peers (Alternatives to Progress Software Corp)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
242.7B
34.0B
17.49% 90.75%
93.62
7.15
12.08% 832.37%
125.2B
36.0B
22.14% 130.95%
118.84
3.48
23.77% 111.91%
47.9B
5.3B
9.04% 15.80%
52.25
8.96
9.15% 48.14%
24.8B
2.2B
1.53% 17.78%
51.29
11.49
6.50% 3.13%
21.5B
4.5B
14.74% 2.95%
91.71
4.78
3.50% -66.41%
MID-CAP
6.5B
572.7M
-8.52% 64.37%
-136.86
11.3
29.15% 4.99%
4.7B
4.4B
14.77% 20.45%
-5.26
1.09
11.93% 29.50%
3.0B
273.8M
-5.90% 117.20%
-11.52
10.99
3.08% -15.39%
3.0B
920.0M
15.38% -2.61%
-10.17
3.21
26.29% 10.26%
2.8B
863.6M
8.66% 16.72%
43.26
3.29
4.08% 56.97%
2.1B
217.5M
-3.18% 34.97%
152.17
9.84
19.98% 38.67%
SMALL-CAP
1.2B
413.5M
0.67% 10.41%
92.02
2.88
-1.65% -71.35%
587.3M
592.1M
13.06% -62.95%
-3.27
0.99
-22.55% -433.99%
189.1M
122.1M
-10.99% -8.97%
-28.28
1.55
39.32% 62.24%
53.1M
31.2M
-0.88% 4.38%
-7.31
1.7
8.78% 46.25%

Progress Software Corp News

Latest updates
Stocks Register06 Dec 202312:05 pm2 days ago
Stocks Register30 Nov 202302:02 pm8 days ago
GuruFocus.com29 Nov 202303:01 pm9 days ago
Nasdaq28 Nov 202308:00 am10 days ago
Nasdaq04 Oct 202307:00 am2 months ago
Morningstar27 Sep 202307:00 am2 months ago
Barchart26 Sep 202307:00 am2 months ago
Nasdaq15 Sep 202307:00 am2 months ago
Reuters24 Jul 202307:00 am4 months ago
Bloomberg21 Jun 202307:00 am5 months ago
Reuters16 Jun 202307:00 am5 months ago
New York Post 15 Jun 202307:00 am5 months ago
Reuters02 Jun 202307:00 am6 months ago
Seeking Alpha12 Jan 202308:00 am11 months ago

Financials for Progress Software Corp

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue-1.8%17517816415715114914514014712212112211010011011710710090.0098.0093.00
Cost Of Revenue-2.5%33.0034.0026.0024.0024.0024.0023.0021.0020.0019.0018.0018.0015.0014.0015.0021.0021.0018.0016.0017.0017.00
Gross Profit-1.7%14214413813412712512211912710310310495.0086.0095.0096.0086.0082.0074.0081.0076.00
Operating Expenses-7.2%11312110210395.0085.0092.0099.0081.0081.0076.0086.0062.0061.0064.0010270.0068.0058.0070.0057.00
  S&GA Expenses-3.8%39.0040.0034.0040.0035.0033.0033.0037.0030.0029.0029.0032.0022.0022.0024.0029.0025.0025.0022.0028.0022.00
EBITDA Margin---0.23*0.23*0.22*0.24*0.22*0.23*0.23*0.22*0.24*0.26*0.20*0.17*0.14*0.11*-----
Interest Expenses0.2%9.009.006.004.004.004.004.006.007.005.003.002.002.003.003.003.003.002.001.001.001.00
Income Taxes-26.4%2.003.006.003.006.008.005.00-0.739.004.006.00-1.036.005.006.00-4.84-1.314.004.000.003.00
Earnings Before Taxes43.4%21.0015.0030.0027.0028.0037.0026.0014.0040.0017.0025.0017.0030.0022.0027.00-9.5812.0012.0013.009.0017.00
EBT Margin---0.20*0.19*0.18*0.20*0.17*0.18*0.19*0.19*0.21*0.22*0.16*0.12*0.10*0.07*-----
Net Income58.0%19.0012.0024.0024.0022.0029.0020.0015.0031.0014.0019.0018.0024.0017.0021.00-4.7414.008.009.009.0014.00
Net Income Margin---0.16*0.16*0.15*0.16*0.14*0.15*0.16*0.16*0.17*0.18*0.13*0.11*0.09*0.06*-----
Free Cashflow---46.0037.0039.0067.0043.0042.0035.0054.0044.0040.0029.0037.0032.0034.00-----
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets-0.3%1,5971,6021,6441,4111,3461,3551,3531,3641,2751,2401,0271,042919896890881860830616644625
  Current Assets7.7%303281293426364356343338509471239239320291275285236204216232197
    Cash Equivalents9.9%13812610825622422517215538035710898.0022119316115412410310710599.00
  Net PPE10.3%16.0015.0015.0015.0013.0014.0014.0014.0029.0029.0030.0030.0028.0028.0029.0030.0032.0033.0029.0031.0043.00
  Goodwill0.0%826826812671673673673671491492492492432117433433433433315315-
  Current Liabilities0.4%325323337318280284284323272266266263228225231241215204182186188
    LT Debt, Current17.8%11.0010.008.006.006.006.006.0026.0024.0022.0020.0018.0016.0014.0013.0011.009.007.007.006.006.00
    LT Debt, Non Current-----------344364271277280284288291108110112
Shareholder's Equity6.3%445419413399367372368412397366353346368340328330333315307324337
  Retained Earnings10.7%11510410810287.0094.0094.0090.0083.0060.0071.0073.0090.0074.0064.0064.0076.0062.0060.0085.0068.00
  Additional Paid-In Capital4.0%361347338332319310303354---306---296---267-
Shares Outstanding0.5%44.0043.0043.0043.0043.0044.0044.0044.0044.0044.0044.0044.0045.0045.0045.0045.0045.0045.0045.0045.0045.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations-4.0%46,04147,95146,76740,13739,67068,26044,09343,92835,22454,69044,68842,76231,11237,95733,01636,60126,76540,67424,44424,32723,300
  Share Based Compensation-2.1%10,07210,2879,75210,9848,6399,3578,1147,7396,8398,3626,7846,1235,6855,6236,0515,9005,4896,1165,8065,8534,566
Cashflow From Investing-102.7%-36613,441-371,068-2,254-67325,450-531-254,0741,0754002,264-213,766-8124,9252,360-2783,171-218,4327,1593,3245,000
Cashflow From Financing22.5%-35,510-45,842174,798-7,890-30,935-34,567-28,031-10,835-10,477192,449-39,02448,008-9,673-8,201-27,054-8,545-6,769177,251-31,645-18,659-24,657
  Dividend Payments-0.6%7,7987,8488,0237,7127,7787,7897,7848,1897,7557,7637,8547,5427,4527,4387,4686,9416,9336,8946,9926,3176,371
  Buy Backs-100.0%-15,00015,0001,51724,05126,47325,000--20,00015,00040,000--20,000---25,00010,00020,000

PRGS Income Statement

2023-08-31
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Aug. 31, 2023
Aug. 31, 2022
Revenue:    
Total revenue$ 174,992$ 151,217$ 517,469$ 444,886
Costs of revenue:    
Amortization of acquired intangibles7,9955,55822,25316,589
Total costs of revenue32,91923,79692,91470,965
Gross profit142,073127,421424,555373,921
Operating expenses:    
Sales and marketing38,61234,595112,513100,768
Product development33,13828,65098,39685,966
General and administrative20,79120,14161,04656,339
Amortization of acquired intangibles17,66811,71648,82535,330
Cyber incident and vulnerability response expenses, net95105,1260
Restructuring expenses8431306,230784
Acquisition-related expenses6991684,4333,816
Gain on sale of assets held for sale000(10,770)
Total operating expenses112,70295,400336,569272,233
Income from operations29,37132,02187,986101,688
Other (expense) income:    
Interest expense(8,532)(4,009)(22,894)(11,368)
Interest income and other, net7882471,895991
Foreign currency loss, net(675)(577)(1,502)(832)
Total other expense, net(8,419)(4,339)(22,501)(11,209)
Income before income taxes20,95227,68265,48590,479
Provision for income taxes1,8545,88510,62319,118
Net income$ 19,098$ 21,797$ 54,862$ 71,361
Earnings per share:    
Basic (in dollars per share)$ 0.44$ 0.50$ 1.27$ 1.64
Diluted (in dollars per share)$ 0.42$ 0.50$ 1.23$ 1.61
Weighted average shares outstanding:    
Basic (in shares)43,45243,21143,36543,589
Diluted (in shares)44,98143,93544,54344,299
Cash dividends declared per common share (in dollars per share)$ 0.175$ 0.175$ 0.525$ 0.525
Software licenses    
Revenue:    
Total revenue$ 50,544$ 47,618$ 164,519$ 135,182
Costs of revenue:    
Cost of revenue2,7322,4777,9987,669
Maintenance and services    
Revenue:    
Total revenue124,448103,599352,950309,704
Costs of revenue:    
Cost of revenue$ 22,192$ 15,761$ 62,663$ 46,707

PRGS Balance Sheet

2023-08-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2023
Nov. 30, 2022
Current assets:  
Cash and cash equivalents$ 137,999$ 256,277
Accounts receivable (less allowances of $985 and $859, respectively)99,72697,834
Unbilled receivables31,66829,158
Other current assets33,44742,784
Total current assets302,840426,053
Long-term unbilled receivables33,12139,936
Property and equipment, net16,16614,927
Intangible assets, net378,824217,355
Goodwill826,048671,037
Right-of-use lease assets20,59617,574
Deferred tax assets11,74511,765
Other assets8,12812,832
Total assets1,597,4681,411,479
Current liabilities:  
Current portion of long-term debt, net11,3906,234
Accounts payable8,7299,282
Accrued compensation and related taxes41,60642,467
Dividends payable to stockholders8,3548,115
Short-term operating lease liabilities10,0887,471
Other accrued liabilities24,93516,765
Short-term deferred revenue, net219,601227,670
Total current liabilities324,703318,004
Long-term debt, net389,388259,220
Convertible senior notes, net354,246352,625
Long-term operating lease liabilities15,08615,041
Long-term deferred revenue, net60,16754,770
Deferred tax liabilities4,2404,628
Other noncurrent liabilities4,5928,687
Commitments and contingencies
Stockholders’ equity:  
Preferred stock, $0.01 par value; authorized, 10,000,000 shares; issued, none00
Common stock, $0.01 par value; authorized, 200,000,000 shares; issued and outstanding, 43,565,346 shares in 2023 and 43,257,008 shares in 2022438433
Additional paid-in capital361,062331,650
Retained earnings115,133101,656
Accumulated other comprehensive loss(31,587)(35,235)
Total stockholders’ equity445,046398,504
Total liabilities and stockholders’ equity$ 1,597,468$ 1,411,479
PRGS
Progress Software Corporation develops, deploys, and manages business applications. 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, a flexible 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. It also provides MOVEit, a managed file transfer software for managing and controlling the movement of sensitive files and securing them both at-rest and in-transit, DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data and SaaS data sources; WhatsUp Gold, a network infrastructure monitoring software providing complete visibility of all network devices, servers, virtual machines, and cloud and wireless environments to find and fix network problems; Flowmon, a network security and visibility product with automated response across hybrid cloud ecosystems; and Corticon, a decision automation platform to transform user experiences by streamlining and automating complex business rules. Further, the company offers project management, implementation, custom development, programming, and other services, as well as web-enable applications; and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, and system integrators. It has operations in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.
 CEO
 WEBSITEwww.progress.com
 EMPLOYEES2071

Progress Software Corp Frequently Asked Questions


What is the ticker symbol for Progress Software Corp? What does PRGS stand for in stocks?

PRGS is the stock ticker symbol of Progress Software Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Progress Software Corp (PRGS)?

As of Thu Dec 07 2023, market cap of Progress Software Corp is 2.31 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PRGS stock?

You can check PRGS's fair value in chart. The fair value of Progress Software Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Progress Software Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PRGS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Progress Software Corp a good stock to buy?

The fair value guage provides a quick view whether PRGS is over valued or under valued. Whether Progress Software Corp is cheap or expensive depends on the assumptions which impact Progress Software Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PRGS.

What is Progress Software Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Dec 07 2023, PRGS's PE ratio (Price to Earnings) is 29.44 and Price to Sales (PS) ratio is 3.43. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PRGS PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Progress Software Corp's stock?

In the past 10 years, Progress Software Corp has provided 0.082 (multiply by 100 for percentage) rate of return.