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 7,296 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
3% less repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 112
2.88% less ownership
Funds ownership: 115.66% [Q4 2024] → 112.78% (-2.88%) [Q1 2025]
6% less funds holding
Funds holding: 327 [Q4 2024] → 308 (-19) [Q1 2025]
22% less capital invested
Capital invested by funds: $3.23B [Q4 2024] → $2.51B (-$727M) [Q1 2025]
24% less first-time investments, than exits
New positions opened: 44 | 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
$70
12%
upside
Avg. target
$76
21%
upside
High target
$83
33%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
DA Davidson Lucky Schreiner | 12%upside $70 | Buy Maintained | 14 Apr 2025 |
Guggenheim John Difucci | 33%upside $83 | Buy Reiterated | 1 Apr 2025 |
Wedbush Daniel Ives | 20%upside $75 | Outperform Reiterated | 1 Apr 2025 |
Financial journalist opinion
Based on 4 articles about PRGS published over the past 30 days
Neutral
GlobeNewsWire
1 week ago
Progress Software Unveils Powerful New ShareFile Features for Accountants to Automate Administrative Tasks and Deliver a Great Client Experience
Progress Software announced significant new enhancements to ShareFile for accountants to automate administrative tasks and enhance client interaction.
Neutral
GlobeNewsWire
1 week ago
Progress Software Sets New Standard for Developer Productivity with Groundbreaking AI Coding Assistants in Latest Telerik and Kendo UI Release
BURLINGTON, Mass., June 04, 2025 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the Q2 2025 release of Progress® Telerik® and Progress® Kendo UI®, the most powerful .NET and JavaScript UI libraries for modern application development.
Positive
Zacks Investment Research
1 week ago
Why Progress Software (PRGS) is Poised to Beat Earnings Estimates Again
Progress Software (PRGS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Neutral
GlobeNewsWire
3 weeks ago
Progress ShareFile Enhances Secure Enterprise Collaboration with Deep Microsoft 365 Interoperability
ShareFile AI-powered, document workflow and file sharing platform with enhanced security offers industry-leading deep Microsoft 365 integration and features for enterprise teams BURLINGTON, Mass., May 20, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that Progress® ShareFile® is now deeply integrated with Microsoft 365.
Positive
Zacks Investment Research
1 month ago
Interpreting Progress Software (PRGS) International Revenue Trends
Evaluate Progress Software's (PRGS) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.
Neutral
GlobeNewsWire
1 month ago
Progress Congratulates Chairman Jack Egan on NACD New England Leadership in Corporate Governance Award
Prestigious honor recognizes Egan's outstanding contributions to corporate governance and board leadership BURLINGTON, Mass., April 24, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that its Board Chair, John R.
Positive
Zacks Investment Research
2 months ago
Will PRGS' AI-Powered Upgrades to Sitefinity Drive the Stock Upward?
Progress Software strengthens Sitefinity content management platform with new AI capabilities to power digital experiences.
Neutral
GlobeNewsWire
2 months ago
Progress Empowers Marketers with Innovative AI Capabilities for Creating Superior Digital Experiences
BURLINGTON, Mass., April 10, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the latest AI innovations in Progress® Sitefinity® content management platform.
Positive
MarketBeat
2 months ago
Progress Software: Making Progress Driven by the AI Revolution
Progress Software Co. NASDAQ: PRGS offers artificial intelligence (AI)-powered infrastructure and business application development platforms. Its services enable businesses to better manage and leverage their data with AI-powered tools.
Neutral
Seeking Alpha
2 months ago
Progress Software: Declining ARR Is A Concern (Rating Downgrade)
I'm downgrading Progress Software to a neutral rating, as its relative valuation against the broader market is no longer as compelling. After the company's integration of its major ShareFile acquisition, its ARR has declined sequentially, while net revenue retention rates remain low. Despite Progress' low P/E ratio and recent guidance boost, its slow organic growth and elevated debt make other software stocks more attractive buys.
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