Progress Software (NASDAQ:PRGS) Announces Earnings Results

Posted by Francis Steltz on Jun 30th, 2026

Progress Software (NASDAQ:PRGS – Get Free Report) released its quarterly earnings results on Tuesday. The software maker reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.13, FiscalAI reports. Progress Software had a return on equity of 43.67% and a net margin of 8.61%.The firm had revenue of $253.47 million during the quarter, compared to analysts’ expectations of $242.74 million.

Progress Software Price Performance

Shares of NASDAQ:PRGS traded down $0.26 during trading on Tuesday, reaching $33.58. The company had a trading volume of 1,733,187 shares, compared to its average volume of 974,461. Progress Software has a twelve month low of $23.82 and a twelve month high of $60.87. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.47 and a current ratio of 0.47. The firm’s fifty day moving average is $29.92 and its 200 day moving average is $35.04. The firm has a market capitalization of $1.41 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 1.42 and a beta of 0.83.

Hedge Funds Weigh In On Progress Software

Institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System increased its holdings in shares of Progress Software by 0.8% in the second quarter. California State Teachers Retirement System now owns 39,639 shares of the software maker’s stock valued at $2,531,000 after purchasing an additional 333 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its position in Progress Software by 0.9% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 48,522 shares of the software maker’s stock valued at $2,085,000 after buying an additional 450 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Progress Software by 1.3% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 48,215 shares of the software maker’s stock valued at $2,055,000 after buying an additional 601 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Progress Software by 135.1% in the 1st quarter. Advisors Asset Management Inc. now owns 1,051 shares of the software maker’s stock valued at $54,000 after buying an additional 604 shares during the period. Finally, Osaic Holdings Inc. raised its position in shares of Progress Software by 183.0% during the second quarter. Osaic Holdings Inc. now owns 985 shares of the software maker’s stock worth $62,000 after acquiring an additional 637 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PRGS shares. Weiss Ratings lowered shares of Progress Software from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 16th. Oppenheimer lowered their price target on Progress Software from $70.00 to $57.00 and set an “outperform” rating for the company in a report on Tuesday, March 31st. Jefferies Financial Group dropped their price target on Progress Software from $45.00 to $34.00 and set a “hold” rating on the stock in a research report on Tuesday, March 31st. DA Davidson decreased their price objective on shares of Progress Software from $70.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Finally, Wedbush lowered their target price on shares of Progress Software from $65.00 to $45.00 and set an “outperform” rating for the company in a research note on Tuesday, March 31st. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Progress Software has a consensus rating of “Moderate Buy” and a consensus target price of $46.40.

Read Our Latest Research Report on PRGS

About Progress Software

(Get Free Report)

Progress Software (NASDAQ: PRGS) is a global provider of enterprise software designed to simplify and accelerate the delivery of business applications. The company’s offerings span digital experience management, application development and deployment, data connectivity and integration, and predictive analytics. Progress supports organizations in building, deploying, and managing mission-critical applications across on-premises, cloud and hybrid environments, helping to reduce development complexity and operational overhead.

Key products in Progress’s portfolio include Progress OpenEdge, a robust development and database platform for building transactional applications; Progress DataDirect, which enables high-performance connectivity to disparate data sources; Progress Sitefinity, a digital experience platform for content management and personalization; Progress Telerik, a suite of UI controls and developer tools; and Progress Kinvey, a serverless backend platform for mobile and web applications.