Q1 EPS Estimates for Progress Software Lowered by Wedbush

Progress Software Co. (NASDAQ:PRGS) – Equities research analysts at Wedbush reduced their Q1 2025 earnings estimates for Progress Software in a research note issued on Wednesday, January 22nd. Wedbush analyst D. Ives now expects that the software maker will earn $0.79 per share for the quarter, down from their previous estimate of $1.00. The consensus estimate for Progress Software’s current full-year earnings is $4.59 per share. Wedbush also issued estimates for Progress Software’s Q2 2025 earnings at $0.83 EPS, Q3 2025 earnings at $1.03 EPS, Q4 2025 earnings at $1.35 EPS, FY2025 earnings at $4.00 EPS and Q2 2026 earnings at $1.07 EPS.

Several other equities analysts have also commented on the company. Oppenheimer upped their target price on Progress Software from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. 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. DA Davidson reissued a “buy” rating and issued a $75.00 target price on shares of Progress Software in a research report on Tuesday, January 21st. Citigroup boosted their target price on shares of Progress Software from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Finally, StockNews.com downgraded shares of Progress Software from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.43.

Progress Software Trading Up 2.7 %

Shares of PRGS opened at $55.96 on Monday. Progress Software has a fifty-two week low of $48.00 and a fifty-two week high of $70.56. The company has a market capitalization of $2.43 billion, a PE ratio of 35.87, a price-to-earnings-growth ratio of 6.24 and a beta of 0.93. The stock has a fifty day moving average of $65.26 and a two-hundred day moving average of $62.46. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.23 and a current ratio of 0.81.

Institutional Investors Weigh In On Progress Software

Several large investors have recently made changes to their positions in PRGS. Pacer Advisors Inc. boosted its holdings in Progress Software by 45,918.9% in the 4th quarter. Pacer Advisors Inc. now owns 1,143,110 shares of the software maker’s stock worth $74,474,000 after acquiring an additional 1,140,626 shares during the period. Leuthold Group LLC boosted its stake in shares of Progress Software by 958.1% in the third quarter. Leuthold Group LLC now owns 409,752 shares of the software maker’s stock valued at $27,605,000 after purchasing an additional 371,026 shares during the period. Segall Bryant & Hamill LLC grew its holdings in Progress Software by 74.2% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 589,698 shares of the software maker’s stock valued at $39,728,000 after purchasing an additional 251,125 shares in the last quarter. Citigroup Inc. increased its stake in Progress Software by 42.8% during the 3rd quarter. Citigroup Inc. now owns 492,384 shares of the software maker’s stock worth $33,172,000 after buying an additional 147,457 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in 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.

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.