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How to buy Progress Software Corporation stock | $41.91

Own Progress Software Corporation stock in just a few minutes.

Fact checked

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.

How to buy shares in Progress Software Corporation

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Progress Software Corporation. Find the stock by name or ticker symbol: PRGS. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Progress Software Corporation reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$41.91, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Progress Software Corporation, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Progress Software Corporation. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Progress Software Corporation share price

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

Progress Software Corporation shares at a glance

Information last updated 2020-12-11.
Latest market closeUSD$41.91
52-week rangeUSD$27.7351 - USD$51.6089
50-day moving average USD$39.6346
200-day moving average USD$38.077
Wall St. target priceUSD$46.67
PE ratio 33.2619
Dividend yield USD$0.7 (1.7%)
Earnings per share (TTM) USD$1.26

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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.

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 $41.91 from 2020-12-11

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%

Is Progress Software Corporation under- or over-valued?

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 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 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 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

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.

Progress Software Corporation financials

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%
Profit margin 13.12%
Book value $8.163
Market capitalisation USD$1.9 billion

TTM: trailing 12 months

Shorting Progress Software Corporation shares

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)

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.

Progress Software Corporation share dividends

23%

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").

Have Progress Software Corporation's shares ever split?

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.

Progress Software Corporation share price volatility

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".

PRGS.US volatility(beta: 1.1)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 1.0966. 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 overview

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.

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