FY2026 Earnings Forecast for PRGS Issued By DA Davidson

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

A number of other equities research analysts have also weighed in on PRGS. Guggenheim reiterated a “buy” rating and issued a $83.00 price objective on shares of Progress Software in a research report on Friday, January 17th. Jefferies Financial Group increased their price objective on Progress Software from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Monday, January 6th. StockNews.com cut shares of Progress Software from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 23rd. Citigroup boosted their price objective on shares of Progress Software from $65.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Finally, Oppenheimer lifted 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 investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Progress Software has an average rating of “Moderate Buy” and an average price target of $72.43.

Progress Software Stock Up 2.7 %

NASDAQ PRGS opened at $55.96 on Monday. Progress Software has a 1 year low of $48.00 and a 1 year high of $70.56. The stock has a market capitalization of $2.43 billion, a PE ratio of 35.87, a PEG ratio of 6.24 and a beta of 0.93. 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 business’s 50-day moving average is $65.26 and its 200 day moving average is $62.46.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. lifted its position in Progress Software by 45,918.9% during the fourth quarter. Pacer Advisors Inc. now owns 1,143,110 shares of the software maker’s stock valued at $74,474,000 after purchasing an additional 1,140,626 shares during the period. Principal Financial Group Inc. lifted its holdings 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 valued at $70,418,000 after buying an additional 43,936 shares during the period. Allspring Global Investments Holdings LLC boosted its stake 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 during the last quarter. Seizert Capital Partners LLC grew its holdings 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 worth $43,463,000 after acquiring an additional 20,355 shares during the period. Finally, Segall Bryant & Hamill LLC increased its position in Progress Software by 74.2% during the third quarter. Segall Bryant & Hamill LLC now owns 589,698 shares of the software maker’s stock valued at $39,728,000 after acquiring an additional 251,125 shares during the last quarter.

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.