Q1 Earnings Forecast for Progress Software Issued By Wedbush

Progress Software Co. (NASDAQ:PRGS) – Investment analysts at Wedbush issued their Q1 2026 earnings per share estimates for shares of Progress Software in a research report issued to clients and investors on Wednesday, January 22nd. Wedbush analyst D. Ives expects that the software maker will post earnings of $1.23 per share for the quarter. The consensus estimate for Progress Software’s current full-year earnings is $4.59 per share. Wedbush also issued estimates for Progress Software’s Q3 2026 earnings at $1.16 EPS, Q4 2026 earnings at $1.43 EPS and FY2026 earnings at $4.89 EPS.

PRGS has been the subject of several other research reports. Oppenheimer upped their price target on shares of Progress Software from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. StockNews.com downgraded Progress Software from a “strong-buy” rating to a “buy” rating in a report on Thursday. Jefferies Financial Group boosted their price objective on shares of Progress Software from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Monday, January 6th. DA Davidson reiterated a “buy” rating and issued a $75.00 target price on shares of Progress Software in a research report on Tuesday, January 21st. Finally, Guggenheim restated a “buy” rating and set a $83.00 price target on shares of Progress Software in a report on Friday, January 17th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.43.

Progress Software Trading Down 2.1 %

NASDAQ:PRGS opened at $53.00 on Friday. The stock has a fifty day simple moving average of $65.69 and a 200 day simple moving average of $62.39. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 6.24 and a beta of 0.93. Progress Software has a 1-year low of $48.00 and a 1-year high of $70.56. The company has a quick ratio of 1.23, a current ratio of 0.81 and a debt-to-equity ratio of 3.48.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. EMC Capital Management grew its holdings in Progress Software by 43.8% during the fourth quarter. EMC Capital Management now owns 3,822 shares of the software maker’s stock valued at $249,000 after purchasing an additional 1,164 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Progress Software by 45,918.9% during the 4th quarter. Pacer Advisors Inc. now owns 1,143,110 shares of the software maker’s stock worth $74,474,000 after buying an additional 1,140,626 shares during the period. KBC Group NV grew its stake in Progress Software by 44.5% in the 4th quarter. KBC Group NV now owns 2,335 shares of the software maker’s stock valued at $152,000 after buying an additional 719 shares during the last quarter. Blue Trust Inc. raised its holdings in Progress Software by 23.2% in the 4th quarter. Blue Trust Inc. now owns 2,091 shares of the software maker’s stock worth $141,000 after acquiring an additional 394 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in Progress Software by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 30,820 shares of the software maker’s stock worth $2,008,000 after acquiring an additional 1,261 shares during the last quarter.

Progress Software Company Profile

Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers.