Progress Software Stock Analysis
PRGS Stock | USD 69.25 0.52 0.76% |
Progress Software is fairly valued with Real Value of 70.41 and Target Price of 63.0. The main objective of Progress Software stock analysis is to determine its intrinsic value, which is an estimate of what Progress Software is worth, separate from its market price. There are two main types of Progress Software's stock analysis: fundamental analysis and technical analysis.
The Progress Software stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Progress Software is usually not traded on Memorial Day, Juneteenth Holiday, Independence Day, Labour Day, Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday. Progress Stock trading window is adjusted to America/New York timezone.
Progress |
Progress Stock Analysis Notes
About 99.0% of the company shares are owned by institutional investors. The company last dividend was issued on the 30th of August 2024. Progress Software had 3:2 split on the 31st of January 2011. Progress Software Corporation develops, deploys, and manages business applications. The company was founded in 1981 and is headquartered in Burlington, Massachusetts. Progress Software operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 2103 people. To find out more about Progress Software contact Yogesh Gupta at 781 280 4000 or learn more at https://www.progress.com.Progress Software Quarterly Total Revenue |
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Progress Software Investment Alerts
Over 99.0% of the company shares are owned by institutional investors | |
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Progress Software Upcoming and Recent Events
26th of March 2024 Upcoming Quarterly Report | View | |
4th of July 2024 Next Financial Report | View | |
29th of February 2024 Next Fiscal Quarter End | View | |
21st of January 2025 Next Fiscal Year End | View | |
30th of November 2023 Last Quarter Report | View | |
30th of November 2023 Last Financial Announcement | View |
Progress Largest EPS Surprises
Earnings surprises can significantly impact Progress Software's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
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2001-09-18 | 2001-08-31 | 0.08 | 0.09 | 0.01 | 12 | ||
2001-03-20 | 2001-02-28 | 0.04 | 0.03 | -0.01 | 25 | ||
1998-03-18 | 1998-02-28 | 0.05 | 0.06 | 0.01 | 20 |
Progress Software Environmental, Social, and Governance (ESG) Scores
Progress Software's ESG score is a quantitative measure that evaluates Progress Software's performance and commitment regarding environmental, social, and governance (ESG) factors. These scores are becoming increasingly crucial in investment decision-making processes, providing insights into non-financial aspects of Progress Software's operations that may have significant financial implications and affect Progress Software's stock price as well as guide investors towards more socially responsible investments.
Progress Stock Institutional Investors
Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Macquarie Group Ltd | 2024-06-30 | 994 K | Fmr Inc | 2024-09-30 | 900.2 K | Amvescap Plc. | 2024-06-30 | 896.9 K | Allspring Global Investments Holdings, Llc | 2024-06-30 | 865.1 K | Nomura Holdings Inc | 2024-06-30 | 708.3 K | Mizuho Markets Americas Llc | 2024-09-30 | 659.9 K | Seizert Capital Partners, Llc | 2024-09-30 | 645.1 K | Bank Of America Corp | 2024-06-30 | 641.6 K | Deutsche Bank Ag | 2024-06-30 | 617.1 K | Blackrock Inc | 2024-06-30 | 7.1 M | Vanguard Group Inc | 2024-09-30 | 5.8 M |
Progress Market Capitalization
The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.97 B.Progress Profitablity
The company has Profit Margin (PM) of 0.12 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.24 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.24.Last Reported | Projected for Next Year | ||
Return On Tangible Assets | 0.15 | 0.08 | |
Return On Capital Employed | 0.10 | 0.18 | |
Return On Assets | 0.05 | 0.08 | |
Return On Equity | 0.18 | 0.14 |
Management Efficiency
Progress Software has return on total asset (ROA) of 0.0544 % which means that it generated a profit of $0.0544 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1898 %, meaning that it created $0.1898 on every $100 dollars invested by stockholders. Progress Software's management efficiency ratios could be used to measure how well Progress Software manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Progress Software's Return On Capital Employed is comparatively stable compared to the past year. Return On Assets is likely to gain to 0.08 in 2024, whereas Return On Tangible Assets are likely to drop 0.08 in 2024. At this time, Progress Software's Fixed Asset Turnover is comparatively stable compared to the past year. Return On Assets is likely to gain to 0.08 in 2024, whereas Total Current Assets are likely to drop slightly above 288.8 M in 2024.Last Reported | Projected for Next Year | ||
Book Value Per Share | 9.52 | 10.00 | |
Tangible Book Value Per Share | (19.23) | (18.27) | |
Enterprise Value Over EBITDA | 12.49 | 16.49 | |
Price Book Value Ratio | 5.85 | 4.65 | |
Enterprise Value Multiple | 12.49 | 16.49 | |
Price Fair Value | 5.85 | 4.65 | |
Enterprise Value | 1.5 B | 1.5 B |
At Progress Software, effective management practices are pivotal to sustaining long-term profitability. We delve into financial metrics and market conditions to provide a comprehensive analysis of the stock's prospects.
Dividend Yield 0.0101 | Operating Margin 0.2432 | Profit Margin 0.1155 | Forward Dividend Yield 0.0101 | Beta 0.92 |
Technical Drivers
As of the 25th of November, Progress Software holds the Semi Deviation of 0.6966, coefficient of variation of 586.88, and Risk Adjusted Performance of 0.1367. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Progress Software, as well as the relationship between them. Please check Progress Software variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Progress Software is priced some-what accurately, providing market reflects its current price of 69.25 per share. Given that Progress Software has jensen alpha of 0.2368, we recommend you to check out Progress Software's recent market performance to make sure the company can sustain itself at a future point.Progress Software Price Movement Analysis
The output start index for this execution was eleven with a total number of output elements of fifty. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Progress Software middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Progress Software. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Progress Software Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Progress Software insiders, such as employees or executives, is commonly permitted as long as it does not rely on Progress Software's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Progress Software insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Progress Software Outstanding Bonds
Progress Software issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Progress Software uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Progress bonds can be classified according to their maturity, which is the date when Progress Software has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
PROGRESSIVE P OH Corp BondUS743315AJ20 | View | |
PROGRESSIVE P OH Corp BondUS743315AL75 | View | |
PROGRESSIVE P OH Corp BondUS743315AP89 | View | |
PROGRESSIVE P OH Corp BondUS743315AQ62 | View | |
PROGRESSIVE P OH Corp BondUS743315AR46 | View | |
PROGRESSIVE P OH Corp BondUS743315AS29 | View | |
PROGRESSIVE P OH Corp BondUS743315AT02 | View | |
PROGRESSIVE P OH Corp BondUS743315AV57 | View |
Progress Software Predictive Daily Indicators
Progress Software intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Progress Software stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Progress Software Corporate Filings
F4 | 5th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 31st of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 24th of October 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F4 | 18th of October 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F4 | 17th of October 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10Q | 8th of October 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
F4 | 3rd of October 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 24th of September 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Progress Software Forecast Models
Progress Software's time-series forecasting models are one of many Progress Software's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Progress Software's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Progress Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Progress Software prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Progress shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Progress Software. By using and applying Progress Stock analysis, traders can create a robust methodology for identifying Progress entry and exit points for their positions.
Last Reported | Projected for Next Year | ||
Pretax Profit Margin | 0.10 | 0.11 | |
Operating Profit Margin | 0.14 | 0.11 | |
Net Profit Margin | 0.09 | 0.08 | |
Gross Profit Margin | 0.74 | 0.62 |
Current Progress Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Progress analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Progress analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Price | Advice | # of Analysts | |
63.0 | Strong Buy | 7 | Odds |
Most Progress analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Progress stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Progress Software, talking to its executives and customers, or listening to Progress conference calls.
Progress Stock Analysis Indicators
Progress Software stock analysis indicators help investors evaluate how Progress Software stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Progress Software shares will generate the highest return on investment. By understating and applying Progress Software stock analysis, traders can identify Progress Software position entry and exit signals to maximize returns.
Begin Period Cash Flow | 256.3 M | |
Long Term Debt | 710.9 M | |
Common Stock Shares Outstanding | 44.7 M | |
Total Stockholder Equity | 459.7 M | |
Tax Provision | 9.5 M | |
Quarterly Earnings Growth Y O Y | 0.548 | |
Property Plant And Equipment Net | 33.9 M | |
Cash And Short Term Investments | 127 M | |
Cash | 127 M | |
Accounts Payable | 12.4 M | |
Net Debt | 620.1 M | |
50 Day M A | 64.9242 | |
Total Current Liabilities | 352.1 M | |
Other Operating Expenses | 498.2 M | |
Non Current Assets Total | 1.3 B | |
Forward Price Earnings | 12.5945 | |
Non Currrent Assets Other | 8.3 M | |
Stock Based Compensation | 40.5 M |
Additional Tools for Progress Stock Analysis
When running Progress Software's price analysis, check to measure Progress Software's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progress Software is operating at the current time. Most of Progress Software's value examination focuses on studying past and present price action to predict the probability of Progress Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progress Software's price. Additionally, you may evaluate how the addition of Progress Software to your portfolios can decrease your overall portfolio volatility.