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PRGS

52.55USD+0.10(+0.19%)Market Closedas of 29 Nov 2022, 09:56 am

Progress Software Corp

Market Summary

USD52.55+0.10Market Closedas of 29 Nov 2022, 09:56 am
0.19%

PRGS Alerts

PRGS Stock Price

RSI Chart

Valuation

Market Cap

2.2B

Price/Earnings

23.09

Price/Sales

3.79

Price/Cashflow

11.51

MarketCap/EBT

18.92

Price/Sales

Profitability

Operating Margin

84.80%

EBT Margin

20.04%

Return on Equity

25.65%

Return on Assets

7.05%

Fundamentals

Revenue

Revenue (TTM)

581.2M

Revenue Y/Y

21.44%

Revenue Q/Q

2.64%

Earnings

Earnings (TTM)

95.5M

Earnings Y/Y

114.72%

Earnings Q/Q

42.32%

Price Action

52 Week Range

40.3353.45
(Low)(High)

Last 7 days

1.9%

Last 30 days

3.4%

Last 90 days

9.0%

Trailing 12 Months

8.3%

Financial Health

Current Ratio

1.25

Investor Care

Dividend Yield

1.38%

Dividend/Share (TTM)

0.7

Buy Backs (1Y)

0.67%

Diluted EPS (TTM)

2.24

Peers (Alternatives to Progress Software)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
1.8T
203.1B
2.79% -25.98%
25.2
8.66
15.22% 2.81%
208.6B
44.2B
5.21% -10.32%
35.9
4.72
8.12% -58.36%
163.0B
29.3B
-5.72% -45.92%
304.14
5.56
24.56% -77.21%
151.4B
17.2B
1.01% -50.31%
31.46
8.81
13.86% -17.57%
25.1B
4.3B
-14.99% -67.49%
25.38
5.85
11.14% -39.03%
12.1B
693.1M
-3.12% 59.08%
44.35
17.39
-2.84% -14.76%
MID-CAP
9.6B
631.5M
-1.97% 16.85%
-45.68
15.19
33.30% -26.60%
7.5B
740.5M
0.78% -22.64%
67.22
10.14
15.84% 1.13%
5.0B
812.6M
-2.88% -50.45%
-33.17
6.14
9.33% -463.42%
3.6B
421.7M
-24.55% -49.54%
-29.08
8.53
27.49% -161.02%
2.6B
506.4M
0.39% 55.58%
-71.14
5.11
10.10% -203.10%
2.4B
308.3M
1.17% 7.67%
-23.19
7.94
13.75% -232.84%
SMALL-CAP
991.7M
371.9M
-2.85% -61.97%
-8.92
2.67
15.01% -44.50%
653.0M
400.1M
2.46% -44.58%
-6.96
1.63
7.74% -9.69%
246.7M
310.7M
-6.03% -63.73%
-4.28
0.79
2.66% -1.77%

Financials for Progress Software

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Revenue4.7%581555531514476
Gross Profit4.6%493471453438406
Operating Expenses1.0%357353337324304
  S&GA Expenses2.6%133130126120113
Earnings Before Taxes20.5%11797969889
Net Income19.5%9580788174
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Assets0.1%1,3551,3531,3641,2751,240
  Current Assets3.9%356343338509471
    Cash Equivalents31.0%225172155380357
  Net PPE-2.0%1414142929
  Goodwill0.0%673673671491492
  Current Liabilities0.2%284284323272266
    LT Debt, Current0%66262422
    LT Debt, Non Current-0.2%614615535539543
Shareholder's Equity1.0%372368412397366
  Retained Earnings0.2%9494908360
  Additional Paid-In Capital2.2%310303354--
Shares Outstanding-0.7%4344444444
Float-1,927----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Cashflow From Operations7.6%192178179177173
  Share Based Compensation3.2%3231302827
Cashflow From Investing9.9%-228.08-253.13-250.33-210.03-211.91
Cashflow From Financing-158.6%-83.91143132191192
  Dividend Payments0.1%3231323131
  Buy Backs14.4%5245357575

Risks

What is the probability of a big loss on PRGS?

50.4%


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.

Returns

Cumulative Returns on PRGS

11.0%


10-Year Cumulative Returns

13.2%


7-Year Cumulative Returns

6.4%


5-Year Cumulative Returns

9.0%


3-Year Cumulative Returns

What are the long-term rolling returns for PRGS?

FIve years rolling returns for Progress Software.

Which funds bought or sold PRGS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Aurora Investment Counsel
REDUCED
-62.19
-2,150,000
1,148,000
0.87%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
572,000
572,000
0.01%
2022-11-21
Integrated Investment Consultants, LLC
NEW
-
207,000
207,000
0.08%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-214,000
2,337,000
-%
2022-11-17
CENTRAL TRUST Co
SOLD OFF
-100
-
-
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
ADDED
23.14
102,000
748,000
-%
2022-11-16
GLENMEDE TRUST CO NA
REDUCED
-7.81
-1,997,000
12,896,000
0.08%
2022-11-16
Front Row Advisors LLC
NEW
-
2,000
2,000
-%
2022-11-15
NOMURA HOLDINGS INC
REDUCED
-58.91
-25,344,000
16,056,000
0.07%
2022-11-15
CONCOURSE FINANCIAL GROUP SECURITIES, INC.
SOLD OFF
-
-
-
-%

1–10 of 41

Latest Funds Activity

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

Progress Software News

Seeking Alpha

Tail end of the S&P countertrend rally is nearing - BTIG.24 hours ago

Best Stocks

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

33.66

-35.95%

44.26

-15.78%

59.41

13.05%

74.12

41.05%

92.28

75.60%

Current Inflation

30.57

-41.83%

39.43

-24.97%

51.94

-1.16%

64.31

22.38%

79.47

51.23%

Very High Inflation

26.79

-49.02%

33.69

-35.89%

43.28

-17.64%

53.03

0.91%

64.86

23.43%

Historical Progress Software Fair Value Estimates


Recent SEC filings of Progress Software

View All Filings
Date Filed Form Type Document
Nov 22, 2022
4
Insider Trading
Nov 18, 2022
4
Insider Trading
Nov 17, 2022
4
Insider Trading
Nov 14, 2022
4
Insider Trading
Nov 08, 2022
4
Insider Trading
Nov 01, 2022
4
Insider Trading
Oct 27, 2022
4
Insider Trading
Oct 25, 2022
4
Insider Trading
Oct 14, 2022
4
Insider Trading
Oct 06, 2022
10-Q
Quarterly Report

Latest Insider Trading transactions for PRGS

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-21
Gupta Yogesh K
SOLD
-256,582
51.3163
-5,000
Chief Executive Officer
2022-11-16
Ortiz Jennifer
SOLD
-20,838.5
52.49
-397
EVP, Corporate Marketing
2022-11-15
LoCoco Domenic
ACQUIRED
68,341.4
36.045
1,896
Chief Accounting Officer
2022-11-15
LoCoco Domenic
SOLD
-124,764
52.0718
-2,396
Chief Accounting Officer
2022-11-10
Gupta Yogesh K
SOLD
-520,096
52.0096
-10,000
Chief Executive Officer
2022-11-04
Jarrett Loren
SOLD
-206,306
48.9457
-4,215
EVP & GM Developer Tools
2022-10-28
LoCoco Domenic
SOLD
-25,471.4
50.9429
-500
Chief Accounting Officer
2022-10-26
Kulikoski Kathryn
SOLD
-6,450
50
-129
Chief People Officer
2022-10-21
Gupta Yogesh K
SOLD
-231,784
46.3567
-5,000
Chief Executive Officer
2022-10-12
Kulikoski Kathryn
SOLD
-13,860
45
-308
Chief People Officer

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

2022-05-31
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
May 31, 2022
May 31, 2021
May 31, 2022
May 31, 2021
Revenue:    
Total revenue$ 148,747$ 122,488$ 293,669$ 243,768
Costs of revenue:    
Amortization of acquired intangibles5,5733,59911,0317,120
Total costs of revenue23,95719,31047,16937,301
Gross profit124,790103,178246,500206,467
Operating expenses:    
Sales and marketing32,70429,26266,17358,731
Product development28,64326,41557,31650,963
General and administrative19,20716,46036,19829,884
Amortization of acquired intangibles11,8927,97923,61414,858
Restructuring expenses143(64)6541,093
Acquisition-related expenses2,7368443,6481,240
Gain on sale of assets held for sale(10,770)0(10,770)0
Total operating expenses84,55580,896176,833156,769
Income from operations40,23522,28269,66749,698
Other (expense) income:    
Interest expense(3,656)(4,601)(7,359)(7,115)
Interest income and other, net1554744123
Foreign currency gain (loss), net111(621)(255)(878)
Total other expense, net(3,390)(5,218)(6,870)(7,870)
Income before income taxes36,84517,06462,79741,828
Provision for income taxes7,7353,50713,2339,310
Net income$ 29,110$ 13,557$ 49,564$ 32,518
Earnings per share:    
Basic (in dollars per share)$ 0.67$ 0.31$ 1.13$ 0.74
Diluted (in dollars per share)$ 0.66$ 0.30$ 1.11$ 0.73
Weighted average shares outstanding:    
Basic (in shares)43,57543,81843,77843,963
Diluted (in shares)44,25344,47244,48044,562
Cash dividends declared per common share (in dollars per share)$ 0.175$ 0.175$ 0.350$ 0.350
Software licenses    
Revenue:    
Total revenue$ 44,814$ 30,107$ 87,564$ 63,424
Costs of revenue:    
Cost of revenue2,5831,0385,1922,189
Maintenance and services    
Revenue:    
Total revenue103,93392,381206,105180,344
Costs of revenue:    
Cost of revenue$ 15,801$ 14,673$ 30,946$ 27,992

PRGS Balance Sheet

2022-05-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2022
Nov. 30, 2021
Current assets:  
Cash and cash equivalents$ 224,863$ 155,406
Short-term investments1,0501,967
Total cash, cash equivalents and short-term investments225,913157,373
Accounts receivable (less allowances of $869 and $634, respectively)64,73399,815
Unbilled receivables and contract assets32,73525,816
Other current assets32,48839,549
Assets held for sale015,255
Total current assets355,869337,808
Long-term unbilled receivables and contract assets24,25317,464
Property and equipment, net13,64914,345
Intangible assets, net252,360287,185
Goodwill673,066671,152
Right-of-use lease assets21,36425,253
Deferred tax assets4,1801,415
Other assets9,8418,915
Total assets1,354,5821,363,537
Current liabilities:  
Current portion of long-term debt, net6,23425,767
Accounts payable9,9179,683
Accrued compensation and related taxes29,34147,116
Dividends payable to stockholders8,0947,925
Short-term operating lease liabilities7,8437,926
Other accrued liabilities15,46919,491
Short-term deferred revenue207,331205,021
Total current liabilities284,229322,929
Long-term debt, net262,337239,992
Convertible senior notes, net351,567294,535
Long-term operating lease liabilities18,96523,130
Long-term deferred revenue51,24947,359
Deferred tax liabilities6,09814,163
Other noncurrent liabilities7,9918,940
Commitments and contingencies
Stockholders’ equity:  
Preferred stock, $0.01 par value; authorized, 10,000,000 shares; issued, none00
Common stock, $0.01 par value, and additional paid-in capital; authorized, 200,000,000 shares; issued and outstanding, 43,454,288 shares in 2022 and 44,146,193 shares in 2021435441
Additional paid-in capital309,913354,235
Retained earnings93,88590,256
Accumulated other comprehensive loss(32,087)(32,443)
Total stockholders’ equity372,146412,489
Total liabilities and stockholders’ equity$ 1,354,582$ 1,363,537