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Progress Software Corp Stock Research

PRGS

57.74USD+0.87(+1.53%)Market Closed

Market Summary

USD57.74+0.87
Market Closed
1.53%

PRGS Stock Price

PRGS RSI Chart

PRGS Valuation

Market Cap

2.5B

Price/Earnings (Trailing)

26.27

Price/Sales (Trailing)

4.15

EV/EBITDA

16.24

Price/Free Cashflow

13.42

PRGS Price/Sales (Trailing)

PRGS Profitability

Operating Margin

84.30%

EBT Margin

19.48%

Return on Equity

23.86%

Return on Assets

6.74%

Free Cashflow Yield

7.45%

PRGS Fundamentals

PRGS Revenue

Revenue (TTM)

602.0M

Revenue Y/Y

12.13%

Revenue Q/Q

3.91%

PRGS Earnings

Earnings (TTM)

95.1M

Earnings Y/Y

58.84%

Earnings Q/Q

8.77%

Price Action

52 Week Range

40.3359.36
(Low)(High)

Last 7 days

0.0%

Last 30 days

0.4%

Last 90 days

14.4%

Trailing 12 Months

29.5%

PRGS Financial Health

Current Ratio

1.34

PRGS Investor Care

Dividend Yield

1.21%

Dividend/Share (TTM)

0.7

Buy Backs (1Y)

2.01%

Diluted EPS (TTM)

2.15

Peers (Alternatives to Progress Software)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.1T
204.1B
11.55% -7.07%
30.98
10.24
10.38% -5.25%
237.2B
46.1B
1.96% 8.47%
26.96
5.15
11.29% -14.28%
189.5B
31.4B
16.34% -11.18%
911.01
6.04
19.41% -85.60%
173.2B
17.6B
7.52% -13.23%
36.42
9.84
11.54% -1.37%
20.4B
4.4B
-5.93% -41.37%
196.74
4.64
7.15% -92.46%
12.1B
-
-7.60% 30.28%
44.35
17.39
- -
MID-CAP
9.6B
631.5M
-1.97% 16.85%
-45.68
15.19
33.30% -26.60%
9.2B
767.1M
3.22% 4.63%
71.04
11.94
15.59% 16.73%
6.4B
869.9M
7.80% -18.19%
-32.37
7.38
13.87% -103.37%
2.9B
468.0M
-7.97% -36.63%
-19.31
6.23
26.74% -70.26%
2.4B
308.3M
1.17% 7.67%
-23.16
7.93
13.75% -237.98%
SMALL-CAP
1.2B
383.7M
7.01% -39.43%
-9.85
3.22
14.43% -50.89%
1.1B
399.9M
31.21% 29.01%
-13.97
2.84
4.73% 8.15%
136.0M
317.3M
-51.83% -75.83%
-1.99
0.43
5.06% -17.52%

Financials for Progress Software

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue2.9%602585581555531
Gross Profit3.0%508493493471453
Operating Expenses1.2%375371357353337
  S&GA Expenses1.9%141138133130126
EBITDA8.3%138127142--
EBITDA Margin5.2%0.23*0.22*0.24*--
Earnings Before Taxes12.0%11710511797.0096.00
EBT Margin8.9%0.19*0.18*0.20*--
Interest Expenses-11.2%16.0018.0020.0021.0020.00
Net Income10.2%95.0086.0095.0080.0078.00
Net Income Margin7.1%0.16*0.15*0.16*--
Free Cahsflow-2.6%186191187--
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets4.8%1,4111,3461,3551,3531,364
  Current Assets16.9%426364356343338
    Cash Equivalents14.4%256224225172155
  Net PPE11.3%15.0013.0014.0014.0014.00
  Goodwill-0.3%671673673673671
  Current Liabilities13.7%318280284284323
    LT Debt, Current0%6.006.006.006.0026.00
Shareholder's Equity8.6%399367372368412
  Retained Earnings17.5%10287.0094.0094.0090.00
  Additional Paid-In Capital4.1%332319310303354
Shares Outstanding0.6%43.0043.0043.0044.0044.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-1.9%192196192178179
  Share Based Compensation9.6%37.0034.0032.0031.0030.00
Cashflow From Investing109.6%22.00-229-228-253-250
Cashflow From Financing2.8%-101-104-83.91143132
  Dividend Payments-1.5%31.0032.0032.0031.0032.00
  Buy Backs2.0%77.0076.0051.0045.0035.00

Risks for PRGS

What is the probability of a big loss on PRGS?

48.1%


Probability that Progress Software stock will be more than 20% underwater in next one year

27.3%


Probability that Progress Software stock will be more than 30% underwater in next one year.

0%


Probability that Progress Software stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PRGS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Progress Software was unfortunately bought at previous high price.

Drawdowns

Returns for PRGS

Cumulative Returns on PRGS

10.8%


10-Year Cumulative Returns

14.7%


7-Year Cumulative Returns

9.4%


5-Year Cumulative Returns

22.2%


3-Year Cumulative Returns

What are the long-term rolling returns for PRGS?

FIve years rolling returns for Progress Software.

Annualized Returns

Which funds bought or sold PRGS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-30.9
-7,116,430
32,278,600
0.04%
2023-03-06
Rockefeller Capital Management L.P.
unchanged
-
2,000
11,000
-%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
90,810
90,810
-%
2023-02-28
Voya Investment Management LLC
reduced
-6.29
87,619
876,619
-%
2023-02-24
NATIXIS
added
102
21,510,500
36,828,500
0.21%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
107,000
679,000
0.01%
2023-02-21
MACQUARIE GROUP LTD
sold off
-100
-85,000
-
-%
2023-02-21
Empowered Funds, LLC
sold off
-100
-373,000
-
-%
2023-02-17
TRUIST FINANCIAL CORP
new
-
228,912
228,912
-%
2023-02-16
CHARTWELL INVESTMENT PARTNERS, LLC
reduced
-1.4
1,634,000
11,301,000
0.45%

1–10 of 44

Latest Funds Activity

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

Progress Software News

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Investor's Business Daily

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Progress Investor Relations

StockNews.com

Investor's Business Daily

StockNews.com

Marketscreener.com

Schedule 13G FIlings of Progress Software

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

PRGS Fair Value

Progress Software fair value in different scenarios

The table shows the Fair Value estimates for Progress Software for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

24.77

-57.10%

34.89

-39.57%

48.31

-16.33%

66.46

15.10%

99.90

73.02%
Current Inflation

22.79

-60.53%

31.46

-45.51%

42.72

-26.01%

57.91

0.29%

85.95

48.86%
Very High Inflation

20.35

-64.76%

27.32

-52.68%

36.15

-37.39%

48.04

-16.80%

70.03

21.29%

Historical Progress Software Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Progress Software

View All Filings
Date Filed Form Type Document
Mar 13, 2023
8-K
Current Report
Feb 17, 2023
4
Insider Trading
Feb 13, 2023
SC 13G/A
Major Ownership Report
Feb 09, 2023
4
Insider Trading
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 08, 2023
4
Insider Trading
Feb 07, 2023
4
Insider Trading
Feb 07, 2023
8-K
Current Report
Feb 03, 2023
4
Insider Trading
Feb 03, 2023
4
Insider Trading

Latest Insider Trading transactions for PRGS

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-15
LoCoco Domenic
sold
-9,043
57.97
-156
chief accounting officer
2023-02-07
Subramanian Sundar
sold
-50,750
58.00
-875
evp/gm infrastructure mgmt
2023-02-06
Jarrett Loren
sold
-258,744
55.8962
-4,629
evp/gm digital experience
2023-02-03
Pitt Ian
acquired
167,321
48.4707
3,452
chief information officer
2023-02-03
Pitt Ian
sold
-225,564
56.8171
-3,970
chief information officer
2023-02-02
Gupta Yogesh K
sold
-616,811
55.9111
-11,032
chief executive officer
2023-02-02
SEGAL JEREMY
sold
-653,284
55.9462
-11,677
evp, corporate development
2023-02-02
FOLGER ANTHONY
sold
-278,488
55.6975
-5,000
chief financial officer
2023-02-01
SEGAL JEREMY
sold
-631,663
53.4402
-11,820
evp, corporate development
2023-02-01
Subramanian Sundar
sold (taxes)
-233,614
53.94
-4,331
evp/gm infrastructure mgmt

1–10 of 50

Yogesh K. Gupta
2100
Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; developer tools that consists of components for user interface development for Web, mobile, desktop, chat, and AR/VR apps, as well as automated application testing and reporting tools; Sitefinity, a web content management and customer analytics platform; Corticon, a business rules management system that provides applications with decision automation and change process, and decision-related insight capabilities. It also offers DataDirect Connect, which provides data connectivity using industry-standard interfaces to connect applications running on various platforms; MOVEit that offers secure collaboration and automated file transfers of critical business information; Chef, an infrastructure automation platform to build, deploy, manage, and secure applications in multi-cloud and hybrid environments, and on-premises; and WhatsUp Gold, a network monitoring solution. In addition, the company provides Kemp LoadMaster, a load balancing solutions; and Kemp Flowmon network performance monitoring and diagnostic solutions that collect and analyze network telemetry from various sources. Further, it provides project management, implementation, custom development, programming, and other services, as well as web-enable applications; and training services. The company 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.

PRGS Income Statement

2022-11-30
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Nov. 30, 2020
Revenue:   
Total revenue$ 602,013$ 531,313$ 442,150
Costs of revenue:   
Amortization of acquired intangibles22,07614,9367,897
Total costs of revenue94,49678,44962,114
Gross profit507,517452,864380,036
Operating expenses:   
Sales and marketing140,760125,890100,113
Product development114,568103,33888,599
General and administrative77,87665,12854,004
Amortization of acquired intangibles46,86831,99620,049
Restructuring expenses8796,3085,906
Acquisition-related expenses4,6034,1023,637
Cyber incident60200
Gain on sale of assets held for sale(10,770)00
Total operating expenses375,386336,762272,308
Income from operations132,131116,102107,728
Other (expense) income:   
Interest expense(15,790)(20,045)(10,170)
Interest income and other, net1,4147771,495
Foreign currency loss, net(500)(1,300)(2,418)
Total other expense, net(14,876)(20,568)(11,093)
Income before income taxes117,25595,53496,635
Provision for income taxes22,18617,11416,913
Net income$ 95,069$ 78,420$ 79,722
Earnings per share:   
Basic (in dollars per share)$ 2.19$ 1.79$ 1.78
Diluted (in dollars per share)$ 2.15$ 1.76$ 1.76
Weighted average shares outstanding:   
Basic (in shares)43,47543,91644,886
Diluted (in shares)44,24744,62045,321
Cash dividends declared per common share (in dollars per share)$ 0.70$ 0.70$ 0.67
Software licenses   
Revenue:   
Total revenue$ 188,336$ 156,590$ 115,249
Costs of revenue:   
Costs of revenue10,2435,2714,473
Maintenance and services   
Revenue:   
Total revenue413,677374,723326,901
Costs of revenue:   
Costs of revenue$ 62,177$ 58,242$ 49,744

PRGS Balance Sheet

2022-11-30
Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2022
Nov. 30, 2021
Current assets:  
Cash and cash equivalents$ 256,277$ 155,406
Short-term investments01,967
Total cash, cash equivalents and short-term investments256,277157,373
Accounts receivable (less allowances of $859 in 2022 and $634 in 2021)97,83499,815
Unbilled receivables and contract assets, net29,15825,816
Other current assets42,78439,549
Assets held for sale015,255
Total current assets426,053337,808
Long-term unbilled receivables and contract assets, net39,93617,464
Property and equipment, net14,92714,345
Intangible assets, net217,355287,185
Goodwill671,037671,152
Right-of-use lease assets17,57425,253
Deferred tax assets11,7651,415
Other assets12,8328,915
Total assets1,411,4791,363,537
Current liabilities:  
Current portion of long-term debt, net6,23425,767
Accounts payable9,2829,683
Accrued compensation and related taxes42,46747,116
Dividends payable to stockholders8,1157,925
Short-term operating lease liabilities7,4717,926
Other accrued liabilities16,76519,491
Short-term deferred revenue, net227,670205,021
Total current liabilities318,004322,929
Long-term debt, net259,220239,992
Convertible senior notes, net352,625294,535
Long-term operating lease liabilities15,04123,130
Long-term deferred revenue, net54,77047,359
Deferred tax liabilities4,62814,163
Other noncurrent liabilities8,6878,940
Commitments and contingencies (Note 11)
Stockholders’ equity:  
Preferred stock, $0.01 par value; authorized, 10,000,000 shares; issued, none00
Common stock, $0.01 par value, and additional paid-in capital; authorized, 200,000,000 shares; issued and outstanding, 43,257,008 shares in 2022 and 44,146,193 shares in 2021433441
Additional paid-in capital331,650354,235
Retained earnings101,65690,256
Accumulated other comprehensive loss(35,235)(32,443)
Total stockholders’ equity398,504412,489
Total liabilities and stockholders’ equity$ 1,411,479$ 1,363,537