PROGRESS SOFTWARE CORPORATION

NASDAQ: PRGS (Progress Software Corporation)

Last update: 16 Oct, 3:14AM

66.62

0.37 (0.56%)

Previous Close 66.25
Open 66.35
Volume 492,178
Avg. Volume (3M) 499,142
Market Cap 2,858,331,136
Price / Earnings (TTM) 35.82
Price / Earnings (Forward) 11.81
Price / Sales 4.03
Price / Book 6.54
52 Weeks Range
48.00 (-27%) — 67.48 (1%)
Earnings Date 14 Jan 2025 - 20 Jan 2025
TTM Dividend Yield 1.05%
Profit Margin 11.55%
Operating Margin (TTM) 24.32%
Diluted EPS (TTM) 1.86
Quarterly Revenue Growth (YOY) 2.10%
Quarterly Earnings Growth (YOY) 49.00%
Total Debt/Equity (MRQ) 190.96%
Current Ratio (MRQ) 1.23
Operating Cash Flow (TTM) 225.00 M
Levered Free Cash Flow (TTM) 227.87 M
Return on Assets (TTM) 5.43%
Return on Equity (TTM) 18.98%

Market Trend

Short Term Medium Term
Industry Software - Infrastructure (US) Mixed Mixed
Software - Infrastructure (Global) Mixed Mixed
Stock Progress Software Corporation Bullish Bullish

Stockmoo Score

-1.2
Analyst Consensus 4.0
Insider Activity -5.0
Price Volatility -3.0
Technical Moving Averages -2.5
Technical Oscillators 0.5
Average -1.20

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Progress Software Corporation is a provider of cloud-based security solutions to large-and mid-sized organizations in a wide range of industries. Its product includes OpenEdge; Chef; Developer Tools; Kemp LoadMaster; MOVEit; DataDirect; WhatsUp Gold; Sitefinity; Flowmon and Corticon. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States and it also has presence in Canada, the Middle East, and Africa (EMEA), Latin America, and Asia Pacific.

Sector Technology
Industry Software - Infrastructure
Investment Style Small Core
% Held by Insiders 1.48%
% Held by Institutions 113.82%
52 Weeks Range
48.00 (-27%) — 67.48 (1%)
Price Target Range
68.00 (2%) — 80.00 (20%)
High 80.00 (Oppenheimer, 20.08%) Buy
Median 70.00 (5.07%)
Low 68.00 (Wedbush, 2.07%) Buy
Average 72.00 (8.08%)
Total 4 Buy
Avg. Price @ Call 62.72
Firm Date Target Price Call Price @ Call
Oppenheimer 22 Oct 2024 80.00 (20.08%) Buy 65.41
25 Sep 2024 70.00 (5.07%) Buy 63.92
DA Davidson 25 Sep 2024 70.00 (5.07%) Buy 63.92
10 Sep 2024 65.00 (-2.43%) Buy 57.62
Guggenheim 25 Sep 2024 70.00 (5.07%) Buy 63.92
Wedbush 10 Sep 2024 68.00 (2.07%) Buy 57.62
Name Avg. Buy ($) Avg. Sell ($) Net Quantity Net Value ($)
FOLGER ANTHONY - 67.25 -7,797 -524,348
PITT IAN - 64.87 -1,747 -113,328
Aggregate Net Quantity -9,544
Aggregate Net Value ($) -637,676
Aggregate Avg. Buy ($) -
Aggregate Avg. Sell ($) 66.06
Name Holder Date Type Quantity Price Value ($)
PITT IAN Officer 23 Oct 2024 Automatic sell (-) 1,747 64.87 113,328
FOLGER ANTHONY Officer 16 Oct 2024 Automatic sell (-) 7,797 67.25 524,348
Date Type Details
28 Oct 2024 Announcement Progress Appoints Amanda Arria to the Role of Chief People Officer
17 Oct 2024 Announcement Progress AI-Powered Flowmon Introduces Up to 10x Search Acceleration for Faster Cyberthreat Hunting and Network Troubleshooting
03 Oct 2024 Announcement Progress Announces Winners of the 2024 OpenEdge North America Partner Awards
24 Sep 2024 Announcement Progress Announces Third Quarter 2024 Financial Results
18 Sep 2024 Announcement Progress Awards 7 Scholarships Across the Globe for its 2024 Women in STEM Scholarship Series
18 Sep 2024 Announcement Progress Brings Industry Leaders Together to Share Insights on AI and Data at MarkLogic World Tour US 2024
09 Sep 2024 Announcement Progress Software to Report Third Quarter 2024 Financial Results on September 24, 2024
09 Sep 2024 Announcement Progress to Acquire ShareFile
05 Sep 2024 Announcement Progress Announces Powerful New Generative AI Capabilities in Latest Release of MarkLogic Server
03 Sep 2024 Announcement Progress’ Semantic AI Platform Recognized as the Leader in Info-Tech Research Group's 2024 Metadata Management Data Quadrant
27 Aug 2024 Announcement New Progress Semaphore Release Brings to Market AI-Assisted Knowledge Modeling
08 Aug 2024 Announcement Progress Sitefinity Insight Certified as One of the Strongest CDPs for CMS and the Web by Customer Data Platform Institute
07 Aug 2024 Announcement Progress Announces Conclusion of SEC Investigation into MOVEit
31 Jul 2024 Announcement Progress Introduces the Latest in Job Orchestration with Chef Courier
Show more
TTM Dividend Yield 1.05%
5Y Average Dividend Yield 1.43%
Payout Ratio 37.63%
Expected Next Dividend Payment Jun 2025
Ex Date Announcement Date Payment Date Details
30 Aug 2024 18 Jun 2024 16 Sep 2024 0.175 Cash
03 Jun 2024 19 Mar 2024 17 Jun 2024 0.175 Cash
29 Feb 2024 09 Jan 2024 15 Mar 2024 0.175 Cash
30 Nov 2023 20 Sep 2023 15 Dec 2023 0.175 Cash
31 Aug 2023 21 Jun 2023 15 Sep 2023 0.175 Cash
31 May 2023 17 Mar 2023 15 Jun 2023 0.175 Cash
28 Feb 2023 10 Jan 2023 15 Mar 2023 0.175 Cash
30 Nov 2022 23 Sep 2022 15 Dec 2022 0.175 Cash
31 Aug 2022 22 Jun 2022 15 Sep 2022 0.175 Cash
31 May 2022 24 Mar 2022 15 Jun 2022 0.175 Cash
28 Feb 2022 11 Jan 2022 15 Mar 2022 0.175 Cash
30 Nov 2021 21 Sep 2021 15 Dec 2021 0.175 Cash
31 Aug 2021 22 Jun 2021 15 Sep 2021 0.175 Cash
28 May 2021 23 Mar 2021 15 Jun 2021 0.175 Cash
26 Feb 2021 12 Jan 2021 15 Mar 2021 0.175 Cash
30 Nov 2020 22 Sep 2020 15 Dec 2020 0.175 Cash
31 Aug 2020 23 Jun 2020 15 Sep 2020 0.165 Cash
29 May 2020 18 Mar 2020 15 Jun 2020 0.165 Cash
28 Feb 2020 08 Jan 2020 16 Mar 2020 0.165 Cash
29 Nov 2019 24 Sep 2019 16 Dec 2019 0.165 Cash
29 Aug 2019 25 Jun 2019 16 Sep 2019 0.155 Cash
31 May 2019 19 Mar 2019 17 Jun 2019 0.155 Cash
28 Feb 2019 08 Jan 2019 15 Mar 2019 0.155 Cash
30 Nov 2018 21 Sep 2018 17 Dec 2018 0.155 Cash
30 Aug 2018 20 Jun 2018 17 Sep 2018 0.14 Cash
31 May 2018 27 Mar 2018 15 Jun 2018 0.14 Cash
28 Feb 2018 05 Jan 2018 15 Mar 2018 0.14 Cash
30 Nov 2017 06 Sep 2017 15 Dec 2017 0.14 Cash
30 Aug 2017 21 Jun 2017 15 Sep 2017 0.125 Cash
30 May 2017 24 Mar 2017 15 Jun 2017 0.125 Cash
27 Feb 2017 11 Jan 2017 15 Mar 2017 0.125 Cash
29 Nov 2016 27 Sep 2016 15 Dec 2016 0.125 Cash
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Annual Dividend Yield

Year Annual Dividend ($) Frequency/Year Yield %
2024 0.525 3 0.79
2023 0.700 4 1.29
2022 0.700 4 1.39
2021 0.700 4 1.45
2020 0.670 4 1.48
2019 0.630 4 1.52
2018 0.575 4 1.62
2017 0.515 4 1.21
2016 0.125 1 0.39
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The support, resistance and trendline levels presented has been generated by an artificial intelligence (AI) model and should be interpreted with caution.

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