Progress Software (NASDAQ:PRGS) Issues FY 2025 Earnings Guidance

Progress Software (NASDAQ:PRGS) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 5.500-5.560 for the period, compared to the consensus estimate of 4.890. The company issued revenue guidance of $975.0 million-$981.0 million, compared to the consensus revenue estimate of $967.1 million. Progress Software also updated its Q4 2025 guidance to 1.290-1.350 EPS.

Progress Software Trading Up 1.4%

PRGS traded up $0.59 during trading on Monday, reaching $42.61. 3,016,949 shares of the stock traded hands, compared to its average volume of 784,889. The stock has a market capitalization of $1.84 billion, a PE ratio of 32.53, a P/E/G ratio of 1.99 and a beta of 0.68. The stock’s 50-day moving average is $44.96 and its 200 day moving average is $53.69. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.43. Progress Software has a 12 month low of $40.29 and a 12 month high of $70.56.

Progress Software (NASDAQ:PRGS) last posted its quarterly earnings data on Monday, June 30th. The software maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.30 by $0.10. Progress Software had a net margin of 6.63% and a return on equity of 43.72%. The firm had revenue of $237.36 million during the quarter, compared to analyst estimates of $237.23 million. During the same quarter last year, the business posted $1.09 EPS. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. Equities analysts anticipate that Progress Software will post 4.01 earnings per share for the current year.

Analyst Ratings Changes

PRGS has been the topic of several research analyst reports. Wedbush reiterated an “outperform” rating and set a $75.00 price target on shares of Progress Software in a research report on Friday, June 27th. DA Davidson upped their target price on shares of Progress Software from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, July 1st. Wall Street Zen cut shares of Progress Software from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Citigroup decreased their price objective on shares of Progress Software from $64.00 to $57.00 and set a “neutral” rating for the company in a report on Tuesday, July 15th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Progress Software in a report on Friday, June 27th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Progress Software has a consensus rating of “Moderate Buy” and an average price target of $73.33.

Insider Activity

In other news, Director David Krall acquired 5,125 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was purchased at an average price of $48.90 per share, with a total value of $250,612.50. Following the completion of the acquisition, the director owned 100,090 shares of the company’s stock, valued at $4,894,401. This trade represents a 5.40% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rainer Gawlick bought 1,710 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was bought at an average cost of $43.48 per share, for a total transaction of $74,350.80. Following the transaction, the director directly owned 55,544 shares of the company’s stock, valued at $2,415,053.12. The trade was a 3.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Progress Software

Several hedge funds and other institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. increased its holdings in shares of Progress Software by 183.0% in the 2nd quarter. Osaic Holdings Inc. now owns 985 shares of the software maker’s stock valued at $62,000 after acquiring an additional 637 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Progress Software by 135.1% in the first 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. State of Wyoming acquired a new stake in shares of Progress Software in the second quarter valued at $137,000. Vident Advisory LLC acquired a new stake in shares of Progress Software in the second quarter valued at $219,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of Progress Software during the second quarter valued at $263,000.

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.