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How to buy Progress Software Corporation stock

Learn how to easily invest in Progress Software Corporation stock.

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.

How to buy Progress Software Corporation stock

  1. Open a stock trading account. Use our comparison table or choose from our Top Picks.
  2. Confirm your payment details. Fund your account with a bank transfer, debit card or credit card and take advantage of any signup bonuses.
  3. Search for the stock by name or ticker symbol – PRGS. It's that simple.

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Progress Software Corporation stock price (NASDAQ: PRGS)

Use our graph to track the performance of PRGS stocks over time.

Progress Software Corporation shares at a glance

Information last updated 2023-01-26.
Latest market close$52.80
52-week range$40.19 - $54.23
50-day moving average $51.83
200-day moving average $48.27
Wall St. target price$56.40
PE ratio 24.4
Dividend yield $0.7 (1.36%)
Earnings per share (TTM) $2.15

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Is it a good time to buy Progress Software Corporation stock?

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.

Progress Software Corporation price performance over time

Historical closes compared with the close of $52.8 from 2023-01-26

1 week (2023-01-20) 1.64%
1 month (2022-12-23) N/A
3 months (2022-10-25) 6.49%
6 months (2022-07-27) 14.63%
1 year (2022-01-27) 19.67%
2 years (2021-01-27) 24.38%
3 years (2020-01-27) 14.58%
5 years (2018-01-26) 4.31%

Is Progress Software Corporation stock undervalued or overvalued?

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 P/E ratio

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 24x. In other words, Progress Software Corporation shares trade at around 24x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Progress Software Corporation's PEG ratio

Progress Software Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 5.8884. 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

Progress Software Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $204.3 million.

The EBITDA is a measure of a Progress Software Corporation's overall financial performance and is widely used to measure a its profitability.

Progress Software Corporation financials

Revenue TTM $602 million
Operating margin TTM 21.17%
Gross profit TTM $529.6 million
Return on assets TTM 5.75%
Return on equity TTM 23.58%
Profit margin 15.79%
Book value $9.13
Market capitalisation $2.3 billion

TTM: trailing 12 months

Progress Software Corporation share dividends

17%

Dividend payout ratio: 16.95% of net profits

Recently Progress Software Corporation has paid out, on average, around 16.95% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.36% 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 1.36% 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 14 March 2023. The latest dividend was paid out to all shareholders who bought their shares by 27 February 2023 (the "ex-dividend date").

Have Progress Software Corporation's shares ever split?

Progress Software Corporation's shares were split on a 3:2 basis on 30 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.

Progress Software Corporation share price volatility

Over the last 12 months, Progress Software Corporation's shares have ranged in value from as little as $40.1922 up to $54.23. A popular way to gauge a stock's volatility is its "beta".

PRGS.US volatility(beta: 1.01)Avg. volatility(beta: 1.00)LowHigh

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 1.0129. 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 overview

Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; developer tools that consists of components for user interface development for Web, mobile, desktop, chat, and AR/VR apps, as well as automated application testing and reporting tools; Sitefinity, a web content management and customer analytics platform; Corticon, a business rules management system that provides applications with decision automation and change process, and decision-related insight capabilities. It also offers DataDirect Connect, which provides data connectivity using industry-standard interfaces to connect applications running on various platforms; MOVEit that offers secure collaboration and automated file transfers of critical business information; Chef, an infrastructure automation platform to build, deploy, manage, and secure applications in multi-cloud and hybrid environments, and on-premises; and WhatsUp Gold, a network monitoring solution. In addition, the company provides Kemp LoadMaster, a load balancing solutions; and Kemp Flowmon network performance monitoring and diagnostic solutions that collect and analyze network telemetry from various sources. Further, it provides project management, implementation, custom development, programming, and other services, as well as web-enable applications; and training services. The company sells its products to end users, independent software vendors, original equipment manufacturers, and system integrators. It has operations in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

Frequently asked questions

What percentage of Progress Software Corporation is owned by insiders or institutions?
Currently 1.665% of Progress Software Corporation shares are held by insiders and 107.262% by institutions.
When does the fiscal year end for Progress Software Corporation?
Progress Software Corporation's fiscal year ends in November.
Where is Progress Software Corporation based?
Progress Software Corporation's address is: 15 Wayside Road, Burlington, MA, United States, 01803
What is Progress Software Corporation's ISIN number?
Progress Software Corporation's international securities identification number is: US7433121008
What is Progress Software Corporation's CUSIP number?
Progress Software Corporation's Committee on Uniform Securities Identification Procedures number is: 743312100

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