Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

How to buy Progress Software Corporation stock | $44.57

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. Progress Software Corporation employs 1,796 staff and has a trailing 12-month revenue of around 0.00.

How to buy shares in Progress Software Corporation

  1. Compare share trading platforms.Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – PRGS – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

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 2021-07-30.
Latest market close$44.57
52-week range$33.99 - $48.85
50-day moving average $46.06
200-day moving average $44.66
Wall St. target price$57.25
PE ratio 27.4939
Dividend yield $0.69 (1.52%)
Earnings per share (TTM) $1.65

Buy Progress Software Corporation shares from these brokerages

Compare special offers, low fees and a wide range of types of investments among top trading platforms.
Name Product Asset types Option trade fee Annual fee Signup bonus
Stocks, Options, ETFs
Free stock (chosen randomly with a value anywhere between $2.50 and $200)
Sign up using the "go to site" link
Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial.
Sofi Invest
Stocks, ETFs, Cryptocurrency
Get one free stock worth up to $1,000
Open an account
A free way to invest in stocks, ETFs and crypto.
Stocks, ETFs
$0 per month
Download and sign up with; approved accounts receive a free stock slice worth up to $70, selected from 9 popular stocks.
Open an account
Commission-free trading in stocks and ETFs with a social networking twist.
Stocks, Options, ETFs
Get one free stock valued between $3.00 and $300 when you open an account, one more with a deposit
Open an account
Margin financing rates start at 3.99%. No monthly subscription fees for margin.
J.P. Morgan Self-Directed Investing
Stocks, Bonds, Options, Mutual funds, ETFs
$0 + $0.65/contract
Stocks, Options, ETFs
$0 per year
Trade stocks on the US, Hong Kong, Shanghai and Shenzhen markets.

Compare up to 4 providers

*Signup bonus information updated weekly.

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 $44.57 from 2021-05-28

1 week (2021-07-25) N/A
1 month (2021-07-02) -5.79%
3 months (2021-05-05) 1.76%
6 months (2021-02-01) N/A
1 year (2020-08-01) N/A
2 years (2019-08-01) N/A
3 years (2018-08-01) N/A
5 years (2016-08-01) N/A

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 27x. In other words, Progress Software Corporation shares trade at around 27x recent earnings.

That's comparable to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29).

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 6.7061. 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 $155.8 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 $475.9 million
Operating margin TTM 23.38%
Gross profit TTM $387.9 million
Return on assets TTM 6.51%
Return on equity TTM 21.02%
Profit margin 15.58%
Book value $8.36
Market capitalisation $2 billion

TTM: trailing 12 months

Shorting Progress Software Corporation shares

There are currently 2.9 million Progress Software Corporation shares held short by investors – that's known as Progress Software Corporation's "short interest". This figure is 7% up from 2.7 million 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 280287.29227761). Progress Software Corporation's SIR currently stands at 10.23. In other words for every 100,000 Progress Software Corporation shares traded daily on the market, roughly 10230 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 0.07% of the outstanding shares (for every 100,000 Progress Software Corporation shares in existence, roughly 70 shares are currently held short) or 0.0666% of the tradable shares (for every 100,000 tradable Progress Software Corporation shares, roughly 67 shares are currently held short).

A SIR above 10% would generally be considered pretty high, pointing to a potentially pessimistic outlook for the share price and a discouraging interest in betting against Progress Software Corporation.

Find out more about how you can short Progress Software Corporation stock.

Progress Software Corporation share dividends


Dividend payout ratio: 19.94% of net profits

Recently Progress Software Corporation has paid out, on average, around 19.94% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.54% 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 1.54% return on their shares, in the form of dividend payments. In Progress Software Corporation's case, that would currently equate to about $0.69 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 September 2021. The latest dividend was paid out to all shareholders who bought their shares by 30 August 2021 (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 $33.9859 up to $48.8455. A popular way to gauge a stock's volatility is its "beta".

PRGS.US volatility(beta: 1.26)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 1.2573. This would suggest that Progress Software Corporation's shares are more volatile than the average for this exchange and represent, relatively-speaking, a 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; and WhatsUp Gold, a network monitoring solution. The Data Connectivity and Integration segment provides Progress DataDirect Connect, 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 customer resource management, data management platforms, or 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, independent software vendors, original equipment manufacturers, and system integrators.

Frequently asked questions

What percentage of Progress Software Corporation is owned by insiders or institutions?
Currently 1.108% of Progress Software Corporation shares are held by insiders and 99.785% by institutions.
How many people work for Progress Software Corporation?
Latest data suggests 1,796 work at Progress Software Corporation.
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: 14 Oak Park Drive, Bedford, MA, United States, 01730
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

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site