Q1 Earnings Estimate for Progress Software Issued By Wedbush

Progress Software Co. (NASDAQ:PRGS) – Investment analysts at Wedbush dropped their Q1 2025 earnings per share (EPS) estimates for shares of Progress Software in a research report issued to clients and investors on Wednesday, January 22nd. Wedbush analyst D. Ives now expects that the software maker will post earnings per share of $0.79 for the quarter, down from their previous estimate of $1.00. The consensus estimate for Progress Software’s current full-year earnings is $4.59 per share. Wedbush also issued estimates for Progress Software’s Q2 2025 earnings at $0.83 EPS, Q3 2025 earnings at $1.03 EPS, Q4 2025 earnings at $1.35 EPS, FY2025 earnings at $4.00 EPS and Q2 2026 earnings at $1.07 EPS.

Several other equities analysts also recently issued reports on the stock. DA Davidson reaffirmed a “buy” rating and set a $75.00 price target on shares of Progress Software in a research note on Tuesday, January 21st. StockNews.com lowered shares of Progress Software from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 23rd. Jefferies Financial Group increased their price target on Progress Software from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Guggenheim restated a “buy” rating and set a $83.00 price target on shares of Progress Software in a report on Friday, January 17th. Finally, Oppenheimer lifted their price objective on shares of Progress Software from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.43.

Progress Software Stock Up 2.8 %

Shares of NASDAQ:PRGS opened at $54.50 on Monday. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.23 and a current ratio of 0.81. Progress Software has a 52-week low of $48.00 and a 52-week high of $70.56. The company has a market capitalization of $2.36 billion, a PE ratio of 34.94, a price-to-earnings-growth ratio of 6.24 and a beta of 0.93. The company has a fifty day moving average of $65.46 and a 200-day moving average of $62.45.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PRGS. Canada Pension Plan Investment Board purchased a new stake in Progress Software in the 2nd quarter valued at about $27,000. GAMMA Investing LLC lifted its holdings in Progress Software by 76.7% during the third quarter. GAMMA Investing LLC now owns 1,117 shares of the software maker’s stock worth $75,000 after acquiring an additional 485 shares during the period. TD Private Client Wealth LLC grew its stake in Progress Software by 19.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,863 shares of the software maker’s stock valued at $126,000 after purchasing an additional 301 shares during the period. Blue Trust Inc. increased its position in shares of Progress Software by 23.2% during the 4th quarter. Blue Trust Inc. now owns 2,091 shares of the software maker’s stock valued at $141,000 after purchasing an additional 394 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Progress Software by 44.5% during the 4th quarter. KBC Group NV now owns 2,335 shares of the software maker’s stock worth $152,000 after purchasing an additional 719 shares during the period.

About Progress Software

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.