Brokers Set Expectations for PRGS FY2026 Earnings

Progress Software Co. (NASDAQ:PRGS) – Equities research analysts at DA Davidson issued their FY2026 earnings per share (EPS) estimates for Progress Software in a research report issued to clients and investors on Wednesday, January 22nd. DA Davidson analyst L. Schreiner forecasts that the software maker will post earnings per share of $4.22 for the year. DA Davidson currently has a “Buy” rating and a $75.00 target price on the stock. The consensus estimate for Progress Software’s current full-year earnings is $4.59 per share.

PRGS has been the subject of several other reports. Citigroup increased their target price on Progress Software from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Oppenheimer increased 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. Jefferies Financial Group raised their price objective on shares of Progress Software from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Guggenheim reaffirmed a “buy” rating and set a $83.00 price target on shares of Progress Software in a research report on Friday, January 17th. Finally, StockNews.com lowered Progress Software from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.43.

Progress Software Trading Up 2.8 %

NASDAQ:PRGS opened at $54.50 on Monday. Progress Software has a one year low of $48.00 and a one year high of $70.56. The business’s 50-day simple moving average is $65.46 and its 200 day simple moving average is $62.45. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.23 and a current ratio of 0.81. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 34.94, a price-to-earnings-growth ratio of 6.24 and a beta of 0.93.

Hedge Funds Weigh In On Progress Software

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GHP Investment Advisors Inc. lifted its stake in Progress Software by 4.2% in the fourth quarter. GHP Investment Advisors Inc. now owns 104,572 shares of the software maker’s stock valued at $6,813,000 after buying an additional 4,192 shares during the last quarter. Meritage Portfolio Management lifted its position in Progress Software by 7.3% in the 4th quarter. Meritage Portfolio Management now owns 14,843 shares of the software maker’s stock valued at $967,000 after purchasing an additional 1,008 shares during the last quarter. EMC Capital Management boosted its stake in Progress Software by 43.8% during the 4th 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 period. Pacer Advisors Inc. grew its position in Progress Software by 45,918.9% in the 4th quarter. Pacer Advisors Inc. now owns 1,143,110 shares of the software maker’s stock worth $74,474,000 after purchasing an additional 1,140,626 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Progress Software by 44.5% in the fourth quarter. KBC Group NV now owns 2,335 shares of the software maker’s stock valued at $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.