In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
As of close of business last night, Progress Software Corp’s stock clocked out at $47.47, down -2.56% from its previous closing price of $48.72. In other words, the price has decreased by -$2.56 from its previous closing price. On the day, 0.69 million shares were traded. PRGS stock price reached its highest trading level at $48.95 during the session, while it also had its lowest trading level at $47.4201.
Ratios:
To gain a deeper understanding of PRGS’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.00. For the most recent quarter (mrq), Quick Ratio is recorded 0.43 and its Current Ratio is at 0.43. In the meantime, Its Debt-to-Equity ratio is 3.29 whereas as Long-Term Debt/Eq ratio is at 2.48.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 08 ’25 when FOLGER ANTHONY sold 5,529 shares for $52.97 per share. The transaction valued at 292,871 led to the insider holds 43,559 shares of the business.
ANTHONY FOLGER bought 5,529 shares of PRGS for $284,965 on Jul 08 ’25. On Jun 30 ’25, another insider, Pitt Ian, who serves as the Chief Information Officer of the company, sold 2,186 shares for $65.21 each. As a result, the insider received 142,549 and left with 6,513 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 2046351104 and an Enterprise Value of 4138650880. As of this moment, Progress’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.34, and their Forward P/E ratio for the next fiscal year is 8.38. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.35 while its Price-to-Book (P/B) ratio in mrq is 4.52. Its current Enterprise Value per Revenue stands at 4.762 whereas that against EBITDA is 13.896.
Stock Price History:
The Beta on a monthly basis for PRGS is 0.71, which has changed by -0.15262407 over the last 52 weeks, in comparison to a change of 0.13161862 over the same period for the S&P500. Over the past 52 weeks, PRGS has reached a high of $70.56, while it has fallen to a 52-week low of $47.52. The 50-Day Moving Average of the stock is -20.40%, while the 200-Day Moving Average is calculated to be -22.23%.
Shares Statistics:
It appears that PRGS traded 764.77K shares on average per day over the past three months and 1466380 shares per day over the past ten days. A total of 43.10M shares are outstanding, with a floating share count of 42.29M. Insiders hold about 1.89% of the company’s shares, while institutions hold 116.39% stake in the company. Shares short for PRGS as of 1749772800 were 5597897 with a Short Ratio of 7.47, compared to 1747267200 on 5645184. Therefore, it implies a Short% of Shares Outstanding of 5597897 and a Short% of Float of 19.479999.
Dividends & Splits
With its trailing 12-month dividend rate of 0.175, PRGS has a forward annual dividend rate of 0.17. Against a Trailing Annual Dividend Yield of 0.0035923226The stock’s 5-year Average Dividend Yield is 1.34.
Earnings Estimates
A detailed examination of Progress Software Corp (PRGS) is currently in progress, with 7.0 analysts providing valuable insights into its market dynamics.The consensus estimate for the next quarter is $1.36, with high estimates of $1.46 and low estimates of $1.31.
Analysts are recommending an EPS of between $5.36 and $5.27 for the fiscal current year, implying an average EPS of $5.32. EPS for the following year is $5.7, with 7.0 analysts recommending between $5.81 and $5.61.
Revenue Estimates
In the current quarter, 7 analysts expect revenue to total $239.31M. It ranges from a high estimate of $241.6M to a low estimate of $235M. As of the current estimate, Progress Software Corp’s year-ago sales were $178.69MFor the next quarter, 7 analysts are estimating revenue of $251.87M. There is a high estimate of $255M for the next quarter, whereas the lowest estimate is $247.2M.
A total of 7 analysts have provided revenue estimates for PRGS’s current fiscal year. The highest revenue estimate was $970.84M, while the lowest revenue estimate was $963.73M, resulting in an average revenue estimate of $966.24M. In the same quarter a year ago, actual revenue was $753.41MBased on 7 analysts’ estimates, the company’s revenue will be $983.82M in the next fiscal year. The high estimate is $990.6M and the low estimate is $977.01M.
