Progress SoftwarePRGS
PRGS
About: Progress Software Corporation provides software operate in one operating segment: software products for the development, deployment, and management of responsible, AI-powered applications and digital experiences. Following are products: Chef, Corticon, Data Direct, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, ShareFile, Sitefinity, WhatsUp Gold. Geographical regions include United States, Canada, EMEA, Latin America, and Asia Pacific.
Employees: 2,815
0
Funds holding %
of 7,323 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
2% less repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 112
1.17% less ownership
Funds ownership: 115.66% [Q4 2024] → 114.49% (-1.17%) [Q1 2025]
5% less funds holding
Funds holding: 327 [Q4 2024] → 310 (-17) [Q1 2025]
21% less capital invested
Capital invested by funds: $3.23B [Q4 2024] → $2.54B (-$689M) [Q1 2025]
22% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 58
50% less funds holding in top 10
Funds holding in top 10: 2 [Q4 2024] → 1 (-1) [Q1 2025]
95% less call options, than puts
Call options by funds: $3.09M | Put options by funds: $65.8M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$57
15%
upside
Avg. target
$69
40%
upside
High target
$75
52%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
Citigroup Fatima Boolani | 15%upside $57 | Neutral Maintained | 15 Jul 2025 |
DA Davidson Lucky Schreiner | 52%upside $75 | Buy Maintained | 1 Jul 2025 |
Wedbush Daniel Ives | 52%upside $75 | Outperform Reiterated | 1 Jul 2025 |
Financial journalist opinion
Based on 9 articles about PRGS published over the past 30 days
Neutral
GlobeNewsWire
1 week ago
Progress Software Announces Amended Credit Facility
New $1.5B facility will support continued growth and provide greater scale and flexibility BURLINGTON, Mass., July 22, 2025 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that it has entered into a Fifth Amended and Restated Credit Agreement (the “Amended Credit Agreement”), which, among other things, increased the company's revolving credit facility from $900 million to $1.5 billion and extended the maturity date to July 31, 2030.
Positive
Zacks Investment Research
3 weeks ago
Progress Software (PRGS) International Revenue Performance Explored
Explore how Progress Software's (PRGS) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.
Negative
Benzinga
4 weeks ago
Tesla, Progress Software, Dyne Therapeutics And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
U.S. stock futures were lower this morning, with the Dow futures falling around 0.1% on Tuesday.
Positive
Seeking Alpha
4 weeks ago
Progress Software Q2: Overall Performance Is Lacking
Progress Software's Q2 results were driven by the ShareFile acquisition, masking lackluster organic growth and highlighting the early stage of its SaaS pivot. The company's financial position is stable, with manageable debt and improved operating margins, but organic growth remains weak outside of SaaS. Management raised 2025 guidance and is pursuing further M&A, including the Nuclia acquisition, to accelerate its SaaS and AI-driven transition.
Positive
Zacks Investment Research
4 weeks ago
Progress Software (PRGS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Progress Software (PRGS) give a sense of how the business performed in the quarter ended May 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Neutral
Seeking Alpha
4 weeks ago
Progress Software Corporation (PRGS) Q2 2025 Earnings Call Transcript
Progress Software Corporation (NASDAQ:PRGS ) Q2 2025 Earnings Conference Call June 30, 2025 5:00 PM ET Company Participants Anthony Folger - Executive VP & CFO Michael Micciche - Senior Vice President of Investor Relations Yogesh K. Gupta - CEO, President & Director Conference Call Participants John Stephen DiFucci - Guggenheim Securities, LLC, Research Division Nolan Bruce Jenevein - Oppenheimer & Co. Inc., Research Division Operator Hello, everyone, and welcome to Progress Software's Second Quarter 2025 Earnings Call.
Positive
Zacks Investment Research
4 weeks ago
Progress Software (PRGS) Q2 Earnings Beat Estimates
Progress Software (PRGS) came out with quarterly earnings of $1.4 per share, beating the Zacks Consensus Estimate of $1.3 per share. This compares to earnings of $1.09 per share a year ago.
Neutral
GlobeNewsWire
4 weeks ago
Progress Software Announces Second Quarter 2025 Financial Results
Annualized Recurring Revenue ("ARR") of $838 million Grew 46% year-over-year Revenue of $237 million Grew 36% year-over-year Raises Full Year Guidance for Revenue, Operating Margin, Earnings Per Share, and Cash Flow Acquires Agentic RAG AI Company
Neutral
GlobeNewsWire
4 weeks ago
Progress Software Acquires Nuclia, an Innovator in Agentic RAG AI Technology
Company adds easy-to-use agentic RAG-as-a-service product for organizations to automate and retrieve verifiable, high-quality AI search and generative answers
Neutral
Benzinga
1 month ago
Progress Software Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Progress Software Corporation PRGS will release earnings results for the second quarter, after the closing bell on Monday, June 30.
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