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After finishing at $51.20 in the prior trading day, Progress Software Corp. (NASDAQ: PRGS) closed at $51.43, up 0.45%. In other words, the price has increased by $0.45 from its previous closing price. On the day, 0.61 million shares were traded. PRGS stock price reached its highest trading level at $51.58 during the session, while it also had its lowest trading level at $51.095.
Ratios:
Our goal is to gain a better understanding of PRGS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.66. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 0.95. In the meantime, Its Debt-to-Equity ratio is 1.54 whereas as Long-Term Debt/Eq ratio is at 1.52.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, DA Davidson on March 28, 2024, initiated with a Buy rating and assigned the stock a target price of $65.
On September 09, 2022, Jefferies started tracking the stock assigning a Hold rating and target price of $52.Jefferies initiated its Hold rating on September 09, 2022, with a $52 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 14 ’24 when Ainsworth John sold 30,631 shares for $51.03 per share. The transaction valued at 1,563,100 led to the insider holds 32,002 shares of the business.
WANG YUFAN STEPHANIE sold 779 shares of PRGS for $39,472 on May 06 ’24. The Chief Legal Officer now owns 0 shares after completing the transaction at $50.67 per share. On Apr 30 ’24, another insider, Subramanian Sundar, who serves as the EVP/GM Infrastructure Mgmt of the company, sold 584 shares for $49.89 each. As a result, the insider received 29,136 and left with 17,195 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PRGS now has a Market Capitalization of 2222706944 and an Enterprise Value of 2801775104. As of this moment, Progress’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.32, and their Forward P/E ratio for the next fiscal year is 10.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 16.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.11 while its Price-to-Book (P/B) ratio in mrq is 4.87. Its current Enterprise Value per Revenue stands at 3.919 whereas that against EBITDA is 11.874.
Stock Price History:
The Beta on a monthly basis for PRGS is 0.93, which has changed by -0.10680795 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, PRGS has reached a high of $62.34, while it has fallen to a 52-week low of $49.00. The 50-Day Moving Average of the stock is -0.54%, while the 200-Day Moving Average is calculated to be -5.70%.
Shares Statistics:
The stock has traded on average 619.16K shares per day over the past 3-months and 293410 shares per day over the last 10 days, according to various share statistics. A total of 43.80M shares are outstanding, with a floating share count of 42.56M. Insiders hold about 1.51% of the company’s shares, while institutions hold 105.38% stake in the company. Shares short for PRGS as of 1714435200 were 4101606 with a Short Ratio of 6.62, compared to 1711584000 on 4022241. Therefore, it implies a Short% of Shares Outstanding of 4101606 and a Short% of Float of 13.69.
Dividends & Splits
In the trailing 12 months, PRGS’s forward annual dividend rate was 0.7, compared to 0.70 this year. Against a Trailing Annual Dividend Yield of 0.013671875The stock’s 5-year Average Dividend Yield is 1.48. The current Payout Ratio is 44.53% for PRGS, which recently paid a dividend on 2024-02-29 with an ex-dividend date of 1717372800. Stock splits for the company last occurred on 2011-01-31 when the company split stock in a 3:2 ratio.
Earnings Estimates
The stock of Progress Software Corp. (PRGS) is currently being evaluated by 7.0 analysts who are actively contributing to its market rating.On average, analysts expect EPS of $0.95 for the current quarter, with a high estimate of $0.96 and a low estimate of $0.94, while EPS last year was $1.06. The consensus estimate for the next quarter is $1.21, with high estimates of $1.23 and low estimates of $1.19.
Analysts are recommending an EPS of between $4.72 and $4.65 for the fiscal current year, implying an average EPS of $4.69. EPS for the following year is $5.01, with 7.0 analysts recommending between $5.11 and $4.9.
Revenue Estimates
For the next quarter, 7 analysts are estimating revenue of $183.52M. There is a high estimate of $185.11M for the next quarter, whereas the lowest estimate is $181.61M.
A total of 7 analysts have provided revenue estimates for PRGS’s current fiscal year. The highest revenue estimate was $727.1M, while the lowest revenue estimate was $725.47M, resulting in an average revenue estimate of $726.5M. In the same quarter a year ago, actual revenue was $694.44MBased on 7 analysts’ estimates, the company’s revenue will be $757.51M in the next fiscal year. The high estimate is $772.9M and the low estimate is $735M.
