Q1 Earnings Forecast for Progress Software Issued By Wedbush

Progress Software Co. (NASDAQ:PRGS) – Stock analysts at Wedbush issued their Q1 2026 earnings per share (EPS) estimates for shares of Progress Software in a research note issued to investors on Wednesday, January 22nd. Wedbush analyst D. Ives anticipates that the software maker will earn $1.23 per share for the quarter. The consensus estimate for Progress Software’s current full-year earnings is $4.59 per share. Wedbush also issued estimates for Progress Software’s Q3 2026 earnings at $1.16 EPS, Q4 2026 earnings at $1.43 EPS and FY2026 earnings at $4.89 EPS.

Several other brokerages have also commented on PRGS. Oppenheimer lifted their price target on shares of Progress Software from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com cut Progress Software from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Jefferies Financial Group upped their target price on Progress Software from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Guggenheim reaffirmed a “buy” rating and issued a $83.00 target price on shares of Progress Software in a report on Friday, January 17th. Finally, DA Davidson restated a “buy” rating and issued a $75.00 price objective on shares of Progress Software in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Progress Software has a consensus rating of “Moderate Buy” and an average target price of $72.43.

Progress Software Stock Performance

Shares of Progress Software stock opened at $53.00 on Friday. The company has a quick ratio of 1.23, a current ratio of 0.81 and a debt-to-equity ratio of 3.48. Progress Software has a 52 week low of $48.00 and a 52 week high of $70.56. The firm’s 50 day moving average is $65.69 and its two-hundred day moving average is $62.33. The firm has a market capitalization of $2.30 billion, a P/E ratio of 33.97, a P/E/G ratio of 6.24 and a beta of 0.93.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PRGS. Dimensional Fund Advisors LP boosted its stake in shares of Progress Software by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,409,225 shares of the software maker’s stock worth $76,465,000 after acquiring an additional 34,318 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Progress Software by 45,918.9% in the fourth 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 in the last quarter. Principal Financial Group Inc. raised its stake in shares of Progress Software by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,045,240 shares of the software maker’s stock worth $70,418,000 after buying an additional 43,936 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Progress Software by 11.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 964,599 shares of the software maker’s stock worth $64,985,000 after buying an additional 99,479 shares in the last quarter. Finally, Seizert Capital Partners LLC grew its stake in Progress Software by 3.3% in the 3rd quarter. Seizert Capital Partners LLC now owns 645,132 shares of the software maker’s stock valued at $43,463,000 after acquiring an additional 20,355 shares during 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.