Research Analysts Issue Forecasts for PRGS FY2026 Earnings

Progress Software Co. (NASDAQ:PRGS) – Equities researchers at DA Davidson issued their FY2026 earnings per share estimates for Progress Software in a note issued to investors on Wednesday, January 22nd. DA Davidson analyst L. Schreiner anticipates that the software maker will earn $4.22 per share 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.

Several other research analysts also recently weighed in on the company. StockNews.com downgraded Progress Software from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 23rd. Citigroup raised their price target on Progress Software from $65.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Jefferies Financial Group upped their price objective on shares of Progress Software from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Guggenheim reissued a “buy” rating and issued a $83.00 target price on shares of Progress Software in a research report on Friday, January 17th. Finally, Oppenheimer boosted their target price on shares of Progress Software from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.43.

Progress Software Stock Performance

Shares of NASDAQ PRGS opened at $54.50 on Monday. The company has a 50-day simple moving average of $65.46 and a 200-day simple moving average of $62.45. The company has a debt-to-equity ratio of 3.48, a current ratio of 0.81 and a quick ratio of 1.23. The company has a market cap 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. Progress Software has a 12 month low of $48.00 and a 12 month high of $70.56.

Hedge Funds Weigh In On Progress Software

A number of hedge funds have recently made changes to their positions in PRGS. Victory Capital Management Inc. increased its holdings in Progress Software by 62.1% in the 3rd quarter. Victory Capital Management Inc. now owns 111,640 shares of the software maker’s stock valued at $7,521,000 after purchasing an additional 42,773 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Progress Software by 74.2% in the third quarter. Segall Bryant & Hamill LLC now owns 589,698 shares of the software maker’s stock worth $39,728,000 after buying an additional 251,125 shares during the period. Seizert Capital Partners LLC grew its stake in shares of Progress Software by 3.3% in the third quarter. Seizert Capital Partners LLC now owns 645,132 shares of the software maker’s stock valued at $43,463,000 after buying an additional 20,355 shares in the last quarter. Pacer Advisors Inc. raised 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 valued at $74,474,000 after buying an additional 1,140,626 shares during the period. Finally, Leuthold Group LLC lifted its position in Progress Software by 958.1% during the 3rd quarter. Leuthold Group LLC now owns 409,752 shares of the software maker’s stock worth $27,605,000 after acquiring an additional 371,026 shares in 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.