FY2026 Earnings Estimate for PRGS Issued By DA Davidson

Progress Software Co. (NASDAQ:PRGS) – Equities research analysts at DA Davidson issued their FY2026 EPS estimates for Progress Software in a research note issued on Wednesday, January 22nd. DA Davidson analyst L. Schreiner expects that the software maker will post earnings per share of $4.22 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 also recently issued reports on the stock. StockNews.com downgraded shares of Progress Software from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 23rd. Oppenheimer upped their price objective 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. Guggenheim restated a “buy” rating and set a $83.00 target price on shares of Progress Software in a research report on Friday, January 17th. Jefferies Financial Group lifted their price target on Progress Software from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Finally, Citigroup increased their price objective on Progress Software from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock 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 $55.96 on Monday. The business has a 50 day moving average price of $65.26 and a 200-day moving average price of $62.46. Progress Software has a 52 week low of $48.00 and a 52 week high of $70.56. The company has a market cap 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 company has a quick ratio of 1.23, a current ratio of 0.81 and a debt-to-equity ratio of 3.48.

Institutional Trading of Progress Software

Hedge funds have recently made changes to their positions in the stock. Assetmark Inc. grew its holdings in shares of Progress Software by 10.2% during the 3rd quarter. Assetmark Inc. now owns 3,097 shares of the software maker’s stock valued at $209,000 after purchasing an additional 286 shares during the last quarter. TD Private Client Wealth LLC grew its stake in shares of Progress Software by 19.3% during the third quarter. TD Private Client Wealth LLC now owns 1,863 shares of the software maker’s stock valued at $126,000 after buying an additional 301 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Progress Software by 23.2% in the fourth quarter. Blue Trust Inc. now owns 2,091 shares of the software maker’s stock worth $141,000 after buying an additional 394 shares during the period. GAMMA Investing LLC increased its holdings in shares of Progress Software by 76.7% in the third quarter. GAMMA Investing LLC now owns 1,117 shares of the software maker’s stock worth $75,000 after buying an additional 485 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Progress Software in the 2nd quarter valued at about $27,000.

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.