Our top pick for
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Progress Software Corporation is a software-application business based in the US. Progress Software Corporation shares (PRGS) are listed on the NASDAQ and all prices are listed in US Dollars. Progress Software Corporation employs 1,538 staff and has a trailing 12-month revenue of around USD$436.8 million.
|Latest market close||USD$41.91|
|52-week range||USD$27.7351 - USD$51.6089|
|50-day moving average||USD$39.6346|
|200-day moving average||USD$38.077|
|Wall St. target price||USD$46.67|
|Dividend yield||USD$0.7 (1.7%)|
|Earnings per share (TTM)||USD$1.26|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2021-01-08)||-11.41%|
|1 month (2020-12-16)||-3.46%|
|3 months (2020-10-15)||5.17%|
|6 months (2020-07-15)||16.77%|
|1 year (2020-01-15)||-7.40%|
|2 years (2019-01-15)||14.73%|
|3 years (2018-01-12)||50.69|
|5 years (2016-01-15)||59.78%|
Valuing Progress Software Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Progress Software Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Progress Software Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 33x. In other words, Progress Software Corporation shares trade at around 33x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Progress Software Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.21. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Progress Software Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Progress Software Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$152.4 million.
The EBITDA is a measure of a Progress Software Corporation's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$436.8 million|
|Operating margin TTM||25.91%|
|Gross profit TTM||USD$363.9 million|
|Return on assets TTM||7.95%|
|Return on equity TTM||16.35%|
|Market capitalisation||USD$1.9 billion|
TTM: trailing 12 months
There are currently 1.0 million Progress Software Corporation shares held short by investors – that's known as Progress Software Corporation's "short interest". This figure is 2.6% up from 974,697 last month.
There are a few different ways that this level of interest in shorting Progress Software Corporation shares can be evaluated.
Progress Software Corporation's "short interest ratio" (SIR) is the quantity of Progress Software Corporation shares currently shorted divided by the average quantity of Progress Software Corporation shares traded daily (recently around 295115.04424779). Progress Software Corporation's SIR currently stands at 3.39. In other words for every 100,000 Progress Software Corporation shares traded daily on the market, roughly 3390 shares are currently held short.
However Progress Software Corporation's short interest can also be evaluated against the total number of Progress Software Corporation shares, or, against the total number of tradable Progress Software Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Progress Software Corporation's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Progress Software Corporation shares in existence, roughly 20 shares are currently held short) or 0.0274% of the tradable shares (for every 100,000 tradable Progress Software Corporation shares, roughly 27 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Progress Software Corporation.
Find out more about how you can short Progress Software Corporation stock.
Dividend payout ratio: 22.64% of net profits
Recently Progress Software Corporation has paid out, on average, around 22.64% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.7% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Progress Software Corporation shareholders could enjoy a 1.7% return on their shares, in the form of dividend payments. In Progress Software Corporation's case, that would currently equate to about $0.7 per share.
While Progress Software Corporation's payout ratio might seem low, this can signify that Progress Software Corporation is investing more in its future growth.
Progress Software Corporation's most recent dividend payout was on 15 December 2020. The latest dividend was paid out to all shareholders who bought their shares by 30 November 2020 (the "ex-dividend date").
Progress Software Corporation's shares were split on a 3:2 basis on 31 January 2011. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Progress Software Corporation shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Progress Software Corporation shares which in turn could have impacted Progress Software Corporation's share price.
Over the last 12 months, Progress Software Corporation's shares have ranged in value from as little as $27.7351 up to $51.6089. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Progress Software Corporation's is 1.0966. This would suggest that Progress Software Corporation's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Progress Software Corporation develops business applications. The company operates through three segments: OpenEdge, Data Connectivity and Integration, and Application Development and Deployment. The OpenEdge segment offers Progress OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; Progress Corticon, a business rules management system that enables applications with decision automation and change process, and decision-related insight capabilities; Progress Kinvey, a platform for building enterprise applications; MOVEit that provides secure collaboration and automated file transfers of critical business information; WhatsUp Gold, a network monitoring solution; and DataRPM, a cognitive predictive maintenance solution for industrial IoT. The Data Connectivity and Integration segment provides Progress DataDirect Connect software, which offers data connectivity using industry-standard interfaces to connect applications running on various platforms; and Progress DataDirect Hybrid Data Pipeline, a data access service that provides cloud and on-premises data sources for hybrid cloud applications, such as CRM, data management platforms, and hosted analytics. The Application Development and Deployment segment offers Developer Tools, a set of components for user interface development; and Sitefinity, a Web content management and customer analytics platform. The company also provides project management, implementation, custom development, programming, and other services, as well as services to Web-enable applications; and training services. It sells its products to end users, application partners, original equipment manufacturers, and system integrators. The company has operations in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. Progress Software Corporation was founded in 1981 and is headquartered in Bedford, Massachusetts.
Everything we know about the Home Point Capital Inc IPO, plus information on how to buy in.
Everything we know about the ALFI INC IPO, plus information on how to buy in.
Steps to owning and managing CDAY, with 24-hour and historical pricing before you buy.
Steps to owning and managing CPF, with 24-hour and historical pricing before you buy.
Steps to owning and managing CFFI, with 24-hour and historical pricing before you buy.
Steps to owning and managing BPY, with 24-hour and historical pricing before you buy.
Steps to owning and managing BANF, with 24-hour and historical pricing before you buy.
Steps to owning and managing AVDL, with 24-hour and historical pricing before you buy.
Steps to owning and managing TEAM, with 24-hour and historical pricing before you buy.
Steps to owning and managing AUDC, with 24-hour and historical pricing before you buy.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.