Brokers Set Expectations for PRGS Q2 Earnings

Progress Software Co. (NASDAQ:PRGS) – DA Davidson issued their Q2 2025 EPS estimates for shares of Progress Software in a report released on Tuesday, April 1st. DA Davidson analyst L. Schreiner anticipates that the software maker will post earnings per share of $1.02 for the quarter. DA Davidson has a “Buy” rating and a $75.00 price target on the stock. The consensus estimate for Progress Software’s current full-year earnings is $4.01 per share. DA Davidson also issued estimates for Progress Software’s FY2026 earnings at $4.56 EPS.

Several other research analysts also recently issued reports on the stock. Jefferies Financial Group upped their price target on shares of Progress Software from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Wedbush reissued an “outperform” rating and set a $75.00 price target on shares of Progress Software in a research note on Tuesday. Guggenheim restated a “buy” rating and issued a $83.00 price objective on shares of Progress Software in a research report on Tuesday. StockNews.com downgraded Progress Software from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Citigroup lifted their target price on Progress Software from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Progress Software currently has a consensus rating of “Moderate Buy” and an average target price of $75.17.

Progress Software Price Performance

Shares of PRGS stock opened at $57.76 on Wednesday. Progress Software has a 52 week low of $48.00 and a 52 week high of $70.56. The stock has a market capitalization of $2.49 billion, a PE ratio of 37.03, a PEG ratio of 2.82 and a beta of 0.88. The company has a debt-to-equity ratio of 3.48, a quick ratio of 0.81 and a current ratio of 0.81. The stock’s fifty day moving average is $55.72 and its 200-day moving average is $62.08.

Progress Software (NASDAQ:PRGS) last posted its earnings results on Monday, March 31st. The software maker reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.27. The company had revenue of $238.02 million during the quarter, compared to analysts’ expectations of $235.64 million. Progress Software had a net margin of 9.08% and a return on equity of 41.56%. During the same quarter in the previous year, the company posted $1.25 earnings per share. Progress Software’s quarterly revenue was up 28.9% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. boosted its position in shares of Progress Software by 45,918.9% during the fourth quarter. Pacer Advisors Inc. now owns 1,143,110 shares of the software maker’s stock worth $74,474,000 after purchasing an additional 1,140,626 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Progress Software by 4.4% during the third quarter. Principal Financial Group Inc. now owns 1,045,240 shares of the software maker’s stock worth $70,418,000 after acquiring an additional 43,936 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Progress Software by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 478,945 shares of the software maker’s stock valued at $32,267,000 after acquiring an additional 17,448 shares during the period. Cerity Partners LLC acquired a new position in Progress Software in the third quarter valued at about $575,000. Finally, GAMMA Investing LLC increased its holdings in shares of Progress Software by 55.4% in the fourth quarter. GAMMA Investing LLC now owns 1,736 shares of the software maker’s stock worth $113,000 after acquiring an additional 619 shares in the last quarter.

Insider Buying and Selling at Progress Software

In other news, insider Ian Pitt sold 1,482 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $56.60, for a total transaction of $83,881.20. Following the completion of the transaction, the insider now directly owns 7,613 shares in the company, valued at approximately $430,895.80. The trade was a 16.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Domenic Lococo sold 1,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $56.24, for a total value of $56,240.00. Following the completion of the sale, the chief accounting officer now directly owns 4,303 shares of the company’s stock, valued at approximately $242,000.72. This trade represents a 18.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,482 shares of company stock worth $984,621. Insiders own 3.40% of the company’s stock.

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.