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PRGS

PRGS - Progress Software Corp Stock Price, Fair Value and News

50.05USD-0.93 (-1.82%)Market Closed

Market Summary

PRGS
USD50.05-0.93
Market Closed
-1.82%

PRGS Alerts

  • 1 major insider sales recently.

PRGS Stock Price

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PRGS RSI Chart

PRGS Valuation

Market Cap

2.2B

Price/Earnings (Trailing)

31.28

Price/Sales (Trailing)

3.03

EV/EBITDA

20.57

Price/Free Cashflow

11.26

PRGS Price/Sales (Trailing)

PRGS Profitability

Operating Margin

81.37%

EBT Margin

10.82%

Return on Equity

14.98%

Return on Assets

4.47%

Free Cashflow Yield

8.88%

PRGS Fundamentals

PRGS Revenue

Revenue (TTM)

714.9M

Rev. Growth (Yr)

12.46%

Rev. Growth (Qtr)

4.36%

PRGS Earnings

Earnings (TTM)

69.2M

Earnings Growth (Yr)

-4.37%

Earnings Growth (Qtr)

47.63%

Breaking Down PRGS Revenue

Last 7 days

-0.8%

Last 30 days

-4.8%

Last 90 days

-6.6%

Trailing 12 Months

-11.6%

How does PRGS drawdown profile look like?

PRGS Financial Health

Current Ratio

0.95

Debt/Equity

0.77

Debt/Cashflow

0.56

PRGS Investor Care

Dividend Yield

1.4%

Dividend/Share (TTM)

0.7

Buy Backs (1Y)

0.21%

Diluted EPS (TTM)

1.55

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024714.9M000
2023621.3M650.8M674.6M694.4M
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
2010502.9M511.6M520.4M529.1M
200900504.8M494.1M
2008000515.6M
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Tracking the Latest Insider Buys and Sells of Progress Software Corp

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Apr 11, 2024
krall david
sold
-1,020,000
51.00
-20,000
-
Apr 02, 2024
pitt ian
sold
-66,895
52.14
-1,283
chief information officer
Apr 01, 2024
jarrett loren
sold (taxes)
-82,845
52.97
-1,564
evp/gm digital experience
Apr 01, 2024
gupta yogesh k
sold
-2,669,600
52.5429
-50,808
chief executive officer
Apr 01, 2024
ainsworth john
sold (taxes)
-75,959
52.97
-1,434
evp/gm app & data platform
Apr 01, 2024
wang yufan stephanie
sold (taxes)
-39,780
52.97
-751
chief legal officer
Apr 01, 2024
pitt ian
sold (taxes)
-29,716
52.97
-561
chief information officer
Apr 01, 2024
lococo domenic
acquired
-
-
1,554
chief accounting officer
Apr 01, 2024
kulikoski kathryn
acquired
-
-
2,316
chief people officer
Apr 01, 2024
jarrett loren
acquired
-
-
3,230
evp/gm digital experience

1–10 of 50

Which funds bought or sold PRGS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 12, 2024
AdvisorNet Financial, Inc
sold off
-100
-489
-
-%
Apr 11, 2024
Fortitude Family Office, LLC
unchanged
-
-53.00
2,879
-%
Apr 11, 2024
FORBES J M & CO LLP
unchanged
-
-7,049
379,567
0.04%
Apr 11, 2024
BTC Capital Management, Inc.
new
-
444,713
444,713
0.04%
Apr 09, 2024
MASSMUTUAL TRUST CO FSB/ADV
added
28.08
2,041
9,969
-%
Apr 05, 2024
CWM, LLC
reduced
-50.72
-2,000
2,000
-%
Apr 05, 2024
GAMMA Investing LLC
added
2.26
-1,118
26,548
-%
Apr 04, 2024
MOODY NATIONAL BANK TRUST DIVISION
unchanged
-
-7,709
415,125
0.03%
Apr 03, 2024
Versant Capital Management, Inc
sold off
-100
-3,041
-
-%
Apr 03, 2024
WealthCollab, LLC
new
-
3,910
3,910
-%

1–10 of 42

Are Funds Buying or Selling PRGS?

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

Unveiling Progress Software Corp's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
12.70%
5,534,242
SC 13G/A
Jan 22, 2024
blackrock inc.
16.5%
7,202,708
SC 13G/A
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

Recent SEC filings of Progress Software Corp

View All Filings
Date Filed Form Type Document
Apr 15, 2024
4
Insider Trading
Apr 08, 2024
10-Q
Quarterly Report
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading

Peers (Alternatives to Progress Software Corp)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
264.6B
34.9B
-7.34% 40.12%
63.96
7.59
11.18% 1888.46%
152.4B
37.3B
-3.54% 133.10%
80.75
4.09
16.95% 120.64%
49.1B
5.3B
-9.66% 17.99%
53.58
9.19
9.15% 48.14%
28.6B
2.3B
0.14% 3.42%
57.09
12.59
9.90% -4.45%
18.0B
4.5B
-8.66% -13.31%
28.26
3.98
3.06% 514.65%
MID-CAP
7.7B
620.4M
-2.61% 68.38%
2.8K
12.39
31.48% 103.97%
6.9B
4.4B
4.41% 76.89%
-20.37
1.57
7.53% 78.52%
3.4B
970.0M
0.90% -15.87%
-19.13
3.53
13.46% 43.89%
3.3B
881.7M
-10.17% 37.04%
40.87
3.72
4.64% 44.42%
2.5B
296.4M
-28.01% -4.89%
-9.23
8.46
11.14% -3.59%
2.3B
228.1M
8.32% -1.21%
25.94
9.93
18.99% 599.09%
SMALL-CAP
1.2B
413.5M
0.63% -1.64%
92.02
2.88
-1.65% -71.35%
191.8M
572.4M
-36.49% -84.68%
-0.97
0.34
-19.38% -489.49%
183.6M
119.1M
-12.53% -55.01%
-19.92
1.54
24.27% 36.31%
154.8M
31.3M
51.31% 98.50%
-26.37
4.94
4.69% 43.72%

Progress Software Corp News

Latest updates
Yahoo Canada Finance6 hours ago

Progress Software Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue4.4%18517717517816415715114914514014712212112211010011011710710090.00
Cost Of Revenue-2.5%33.0034.0033.0034.0026.0024.0024.0024.0023.0021.0020.0019.0018.0018.0015.0014.0015.0021.0021.0018.0016.00
Gross Profit6.0%15214314214413813412712512211912710310310495.0086.0095.0096.0086.0082.0074.00
Operating Expenses-3.2%11712111312110210395.0085.0092.0099.0081.0081.0076.0086.0062.0061.0064.0010270.0068.0058.00
  S&GA Expenses-10.2%39.0044.0039.0040.0034.0040.0035.0033.0033.0037.0030.0029.0029.0032.0022.0022.0024.0029.0025.0025.0022.00
EBITDA Margin-3.5%0.16*0.17*0.19*0.20*0.23*0.23*0.22*0.24*0.22*0.23*0.23*0.22*---------
Interest Expenses-6.9%7.008.009.009.006.004.004.004.004.006.007.005.003.002.002.003.003.003.003.002.001.00
Income Taxes527.2%5.00-1.162.003.006.003.006.008.005.00-0.739.004.006.00-1.036.005.006.00-4.84-1.314.004.00
Earnings Before Taxes94.8%28.0014.0021.0015.0030.0027.0028.0037.0026.0014.0040.0017.0025.0017.0030.0022.0027.00-9.5812.0012.0013.00
EBT Margin-5.7%0.11*0.11*0.14*0.15*0.20*0.19*0.18*0.20*0.17*0.18*0.19*0.19*---------
Net Income47.6%23.0015.0019.0012.0024.0024.0022.0029.0020.0015.0031.0014.0019.0018.0024.0017.0021.00-4.7414.008.009.00
Net Income Margin-4.3%0.10*0.10*0.12*0.12*0.16*0.16*0.15*0.16*0.14*0.15*0.16*0.16*---------
Free Cashflow128.1%70.0031.0045.0046.0046.0037.0039.0067.0043.0042.0035.0054.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-3.4%1,5481,6031,5971,6021,6441,4111,3461,3551,3531,3641,2751,2401,0271,042919896890881860830616
  Current Assets-10.1%297331303281293426364356343338509471239239320291275285236204216
    Cash Equivalents4.9%13312713812610825622422517215538035710898.00221193161154124103107
  Net PPE-7.5%14.0015.0016.0015.0015.0015.0013.0014.0014.0014.0029.0029.0030.0030.0028.0028.0029.0030.0032.0033.0029.00
  Goodwill0.1%833832826826812671673673673671491492492492432117433433433433-
  Current Liabilities-11.3%312352325323337318280284284323272266266263228225231241215204182
  Long Term Debt0.2%355355354354353353352352351295291288344-271277280284288291108
    LT Debt, Current-100.0%-13.0011.0010.008.006.006.006.006.0026.0024.0022.0020.0018.0016.0014.0013.0011.009.007.007.00
    LT Debt, Non Current-100.0%-355354354353353352352351295291288344-271277280284288291108
Shareholder's Equity0.4%462460445419413399367372368412397366353346368340328330333315307
  Retained Earnings2.1%12312111510410810287.0094.0094.0090.0083.0060.0071.0073.0090.0074.0064.0064.0076.0062.0060.00
  Additional Paid-In Capital0.5%372371361347338332319310303354---306---296---
Shares Outstanding-0.2%44.0044.0044.0043.0043.0043.0043.0044.0044.0044.0044.0044.00---------
Float----2,565---2,068---1,927---1,786---1,812-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations112.6%70,50433,16146,04147,95146,76740,13739,67068,26044,09343,92835,22454,69044,68842,76231,11237,95733,01636,60126,76540,67424,444
  Share Based Compensation19.6%12,46410,41810,07210,2879,75210,9848,6399,3578,1147,7396,8398,3626,7846,1235,6855,6236,0515,9005,4896,1165,806
Cashflow From Investing87.1%-309-2,389-36613,441-371,068-2,254-67325,450-531-254,0741,0754002,264-213,766-8124,9252,360-2783,171-218,4327,159
Cashflow From Financing-47.7%-62,415-42,258-35,510-45,842174,798-7,890-30,935-34,567-28,031-10,835-10,477192,449-39,02448,008-9,673-8,201-27,054-8,545-6,769177,251-31,645
  Dividend Payments-100.0%-7,8857,7987,8488,0237,7127,7787,7897,7848,1897,7557,7637,8547,5427,4527,4387,4686,9416,9336,8946,992
  Buy Backs467.9%22,5003,962-15,00015,0001,50424,05126,50025,000--20,00015,00040,000--20,000---25,000

PRGS Income Statement

2024-02-29
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Revenue:  
Total revenue$ 184,685$ 164,226
Costs of revenue:  
Amortization of acquired intangibles7,8596,264
Total costs of revenue32,80926,217
Gross profit151,876138,009
Operating expenses:  
Sales and marketing39,11133,754
Product development34,98830,438
General and administrative21,34418,786
Amortization of acquired intangibles17,38913,611
Cyber incident and vulnerability response expenses, net9872,692
Restructuring expenses2,3491,397
Acquisition-related expenses7021,743
Total operating expenses116,870102,421
Income from operations35,00635,588
Other (expense) income:  
Interest expense(7,344)(5,848)
Interest income and other, net624515
Foreign currency loss, net(679)(331)
Total other expense, net(7,399)(5,664)
Income before income taxes27,60729,924
Provision for income taxes4,9686,250
Net income$ 22,639$ 23,674
Earnings per share:  
Basic (in dollars per share)$ 0.52$ 0.55
Diluted (in dollars per share)$ 0.51$ 0.53
Weighted average shares outstanding:  
Basic (in shares)43,80243,300
Diluted (in shares)44,82644,353
Cash dividends declared per common share (in dollars per share)$ 0.175$ 0.175
Software licenses  
Revenue:  
Total revenue$ 64,100$ 57,568
Costs of revenue:  
Cost of revenue2,7312,452
Maintenance and services  
Revenue:  
Total revenue120,585106,658
Costs of revenue:  
Cost of revenue$ 22,219$ 17,501

PRGS Balance Sheet

2024-02-29
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 29, 2024
Nov. 30, 2023
Current assets:  
Cash and cash equivalents$ 133,222$ 126,958
Accounts receivable (less allowances of $1,311 and $851, respectively)88,811125,825
Unbilled receivables29,17529,965
Other current assets46,04848,040
Total current assets297,256330,788
Long-term unbilled receivables33,64128,373
Property and equipment, net14,08115,225
Intangible assets, net328,009354,278
Goodwill832,806832,101
Right-of-use lease assets15,31818,711
Deferred tax assets19,27115,052
Other assets7,3878,255
Total assets1,547,7691,602,783
Current liabilities:  
Current portion of long-term debt, net013,109
Accounts payable9,92112,371
Accrued compensation and related taxes33,42149,559
Dividends payable to stockholders8,4358,376
Short-term operating lease liabilities9,82110,114
Other accrued liabilities18,04422,499
Short-term deferred revenue, net232,566236,090
Total current liabilities312,208352,118
Long-term debt, net335,943356,111
Convertible senior notes, net355,319354,772
Long-term operating lease liabilities11,20813,000
Long-term deferred revenue, net63,56758,946
Deferred tax liabilities3,6283,574
Other noncurrent liabilities4,1534,547
Commitments and contingencies
Stockholders’ equity:  
Preferred stock, $0.01 par value; authorized, 10,000,000 shares; issued, none00
Common stock, $0.01 par value; authorized, 200,000,000 shares; issued and outstanding, 43,689,037 shares in 2024 and 43,795,955 shares in 2023437438
Additional paid-in capital372,273370,579
Retained earnings123,429120,858
Accumulated other comprehensive loss(34,396)(32,160)
Total stockholders’ equity461,743459,715
Total liabilities and stockholders’ equity$ 1,547,769$ 1,602,783
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
 WEBSITEprogress.com
 INDUSTRYSoftware - Apps
 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 Mon Apr 15 2024, market cap of Progress Software Corp is 2.16 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 for subscribers.

What is the fair value of PRGS stock?

You can check PRGS's fair value in chart for subscribers. 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 Mon Apr 15 2024, PRGS's PE ratio (Price to Earnings) is 31.28 and Price to Sales (PS) ratio is 3.03. 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 0.096 (multiply by 100 for percentage) rate of return.