Progress Software Corporation (NASDAQ:PRGS) Given Consensus Rating of “Moderate Buy” by Brokerages

Posted by Geri Gentry on Aug 11th, 2026

Progress Software Corporation (NASDAQ:PRGS – Get Free Report) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $50.50.

Several research analysts recently commented on PRGS shares. Oppenheimer reduced their price objective on shares of Progress Software from $57.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, July 1st. Weiss Ratings restated a “sell (d+)” rating on shares of Progress Software in a research note on Tuesday, July 14th. Guggenheim reaffirmed a “buy” rating and set a $83.00 price target on shares of Progress Software in a research report on Wednesday, July 1st. Finally, DA Davidson increased their price objective on Progress Software from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, July 23rd.

Read Our Latest Stock Report on PRGS

Progress Software Price Performance

Shares of PRGS stock opened at $43.29 on Tuesday. The stock’s 50-day moving average is $36.13 and its 200 day moving average is $34.39. Progress Software has a 1-year low of $23.82 and a 1-year high of $47.37. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $1.78 billion, a P/E ratio of 21.01, a PEG ratio of 1.80 and a beta of 0.80.

Progress Software (NASDAQ:PRGS – Get Free Report) last announced its earnings results on Tuesday, June 30th. The software maker reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.16. The business had revenue of $253.47 million during the quarter, compared to the consensus estimate of $242.74 million. Progress Software had a net margin of 8.87% and a return on equity of 43.07%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 earnings per share. Progress Software has set its FY 2026 guidance at 6.090-6.210 EPS and its Q3 2026 guidance at 1.530-1.590 EPS. Research analysts predict that Progress Software will post 4.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Sundar Subramanian sold 10,597 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $38.27, for a total transaction of $405,547.19. Following the transaction, the executive vice president directly owned 18,370 shares of the company’s stock, valued at $703,019.90. This represents a 36.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Progress Software

Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in Progress Software by 10.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,233,830 shares of the software maker’s stock worth $31,659,000 after purchasing an additional 121,314 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Progress Software by 133.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,221,647 shares of the software maker’s stock worth $31,335,000 after purchasing an additional 698,611 shares during the last quarter. Geode Capital Management LLC increased its stake in Progress Software by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 1,081,487 shares of the software maker’s stock valued at $46,468,000 after purchasing an additional 6,095 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Progress Software by 15.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,070,327 shares of the software maker’s stock valued at $27,454,000 after purchasing an additional 139,257 shares in the last quarter. Finally, LSV Asset Management raised its holdings in shares of Progress Software by 171.2% in the fourth quarter. LSV Asset Management now owns 981,800 shares of the software maker’s stock worth $42,178,000 after buying an additional 619,800 shares during the last quarter.

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.