Progress SoftwarePRGS
PRGS
About: Progress Software Corporation provides software operate in one operating segment: software products for the development, deployment, and management of responsible, AI-powered applications and digital experiences. Following are products: Chef, Corticon, Data Direct, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, ShareFile, Sitefinity, WhatsUp Gold. Geographical regions include United States, Canada, EMEA, Latin America, and Asia Pacific.
Employees: 2,815
0
Funds holding %
of 7,419 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
23% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 35
15% more repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 105
2.17% more ownership
Funds ownership: 113.49% [Q3] → 115.66% (+2.17%) [Q4]
1% more funds holding
Funds holding: 323 [Q3] → 326 (+3) [Q4]
1% less capital invested
Capital invested by funds: $3.26B [Q3] → $3.23B (-$25M) [Q4]
50% less funds holding in top 10
Funds holding in top 10: 4 [Q3] → 2 (-2) [Q4]
94% less call options, than puts
Call options by funds: $3.3M | Put options by funds: $59.4M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$70
25%
upside
Avg. target
$76
36%
upside
High target
$83
48%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
DA Davidson Lucky Schreiner 10% 1-year accuracy 1 / 10 met price target | 25%upside $70 | Buy Maintained | 14 Apr 2025 |
Guggenheim John Difucci 33% 1-year accuracy 13 / 39 met price target | 48%upside $83 | Buy Reiterated | 1 Apr 2025 |
Wedbush Daniel Ives 42% 1-year accuracy 51 / 121 met price target | 34%upside $75 | Outperform Reiterated | 1 Apr 2025 |
Financial journalist opinion
Based on 14 articles about PRGS published over the past 30 days
Positive
Zacks Investment Research
1 week ago
Will PRGS' AI-Powered Upgrades to Sitefinity Drive the Stock Upward?
Progress Software strengthens Sitefinity content management platform with new AI capabilities to power digital experiences.
Neutral
GlobeNewsWire
1 week ago
Progress Empowers Marketers with Innovative AI Capabilities for Creating Superior Digital Experiences
BURLINGTON, Mass., April 10, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the latest AI innovations in Progress® Sitefinity® content management platform.
Positive
MarketBeat
2 weeks ago
Progress Software: Making Progress Driven by the AI Revolution
Progress Software Co. NASDAQ: PRGS offers artificial intelligence (AI)-powered infrastructure and business application development platforms. Its services enable businesses to better manage and leverage their data with AI-powered tools.
Neutral
Seeking Alpha
2 weeks ago
Progress Software: Declining ARR Is A Concern (Rating Downgrade)
I'm downgrading Progress Software to a neutral rating, as its relative valuation against the broader market is no longer as compelling. After the company's integration of its major ShareFile acquisition, its ARR has declined sequentially, while net revenue retention rates remain low. Despite Progress' low P/E ratio and recent guidance boost, its slow organic growth and elevated debt make other software stocks more attractive buys.
Positive
Zacks Investment Research
2 weeks ago
Progress Software Q1 Earnings & Revenues Beat Estimates, Stock Up
PRGS' first-quarter fiscal 2025 results benefit from strong demand, strategic acquisition, and an improved financial outlook.
Neutral
GlobeNewsWire
2 weeks ago
Progress Unveils Powerful AI Tools in ShareFile Platform to Dramatically Increase Efficiency and Productivity
Advanced capabilities strengthen data security, streamline workflows and accelerate document collection by nearly 3.5x BURLINGTON, Mass., April 02, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced purpose-built AI in Progress® ShareFile®, the SaaS-native document collaboration platform.
Positive
Schwab Network
2 weeks ago
Overlooked Stock: PRGS
Progress Software (PRGS) popped after Monday's postmarket earnings report that George Tsilis says signals growth. He turns to how the company uses A.I.
Neutral
GlobeNewsWire
3 weeks ago
Progress MOVEit Recognized in G2's Best IT Infrastructure Products List for Third Consecutive Year
Managed file transfer solution recognized for excellence based on user reviews BURLINGTON, Mass., April 01, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that its Progress® MOVEit® managed file transfer (MFT) software has been recognized with a 2025 Best Software Award from G2 in the Best IT Infrastructure Products category.
Neutral
Seeking Alpha
3 weeks ago
Progress Software Corporation (PRGS) Q1 2025 Earnings Call Transcript
Progress Software Corporation (NASDAQ:PRGS ) Q1 2025 Earnings Conference Call March 31, 2025 5:00 PM ET Company Participants Michael Micciche - SVP, IR Yogesh Gupta - President and CEO Anthony Folger - CFO Conference Call Participants Fatima Boolani – Citi Pinjalim Bora - JPMorgan Lucky Schreiner - D. A. Davidson John DiFucci - Guggenheim Securities Operator Good day, and thank you for standing by.
Positive
Zacks Investment Research
3 weeks ago
Progress Software (PRGS) Reports Q1 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Progress Software (PRGS) give a sense of how the business performed in the quarter ended February 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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