Progress Software (PRGS)

• Market cap: $2.51B
• 1 day: 12.13%
• 5 days: 4.94%
• 1 month: 6.88%
• 3 months: -10.74%
• 6 months: -12.22%
• Year to date: -10.74%
• 1 year: 9.44%
• 5 years: 80.39%
• 10 years: 114.01%
• Sector: Information Technology
• Industry: Prepackaged Software

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

26% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 35

15% more repeat investments, than reductions

Existing positions increased: 121 | Existing positions reduced: 105

1% more funds holding

Funds holding: 323 [Q3] → 327 (+4) [Q4]

1.15% more ownership

Funds ownership: 114.69% [Q3] → 115.85% (+1.15%) [Q4]

1% less capital invested

Capital invested by funds: $3.29B [Q3] → $3.26B (-$34.7M) [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

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $68 18% upside
• Avg. target: $74 28% upside
• High target: $83 44% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

Guggenheim John Difucci 38% 1-year accuracy 14 / 37 met price target	44% upside $83	Buy Reiterated	1 Apr 2025
Wedbush Daniel Ives 52% 1-year accuracy 65 / 124 met price target	30% upside $75	Outperform Reiterated	1 Apr 2025
DA Davidson Lucky Schreiner 29% 1-year accuracy 2 / 7 met price target	30% upside $75	Buy Maintained	21 Jan 2025
Citigroup Fatima Boolani 47% 1-year accuracy 16 / 34 met price target	18% upside $68	Neutral Maintained	17 Jan 2025
Jefferies Brent Thill 51% 1-year accuracy 35 / 69 met price target	21% upside $70	Hold Maintained	6 Jan 2025