Q2 EPS Estimates for Progress Software Raised by Wedbush

Progress Software Co. (NASDAQ:PRGS - Free Report) - Stock analysts at Wedbush raised their Q2 2025 EPS estimates for shares of Progress Software in a report released on Tuesday, April 1st. Wedbush analyst D. Ives now anticipates that the software maker will earn $1.01 per share for the quarter, up from their prior forecast of $0.83. Wedbush has a "Outperform" rating and a $75.00 price target on the stock. The consensus estimate for Progress Software's current full-year earnings is $4.01 per share. Wedbush also issued estimates for Progress Software's Q2 2025 earnings at $1.01 EPS, Q3 2025 earnings at $1.06 EPS, Q3 2025 earnings at $1.06 EPS, Q4 2025 earnings at $1.08 EPS, FY2025 earnings at $4.21 EPS, FY2025 earnings at $4.21 EPS, Q1 2026 earnings at $1.28 EPS, Q1 2026 earnings at $1.28 EPS, Q2 2026 earnings at $1.15 EPS, Q2 2026 earnings at $1.15 EPS, FY2026 earnings at $4.84 EPS and FY2026 earnings at $4.84 EPS.

Several other research analysts have also recently issued reports on the company. DA Davidson reiterated a "buy" rating and issued a $75.00 price objective on shares of Progress Software in a research report on Tuesday, January 21st. StockNews.com downgraded shares of Progress Software from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 23rd. Guggenheim reaffirmed a "buy" rating and issued a $83.00 price objective on shares of Progress Software in a research note on Tuesday, April 1st. Jefferies Financial Group boosted their target price on Progress Software from $65.00 to $70.00 and gave the stock a "hold" rating in a research report on Monday, January 6th. Finally, Citigroup lifted their price target on Progress Software from $65.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, January 17th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Progress Software presently has an average rating of "Moderate Buy" and a consensus price target of $75.17.

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Progress Software Stock Performance

NASDAQ PRGS traded up $1.82 on Friday, hitting $56.50. 331,817 shares of the company's stock were exchanged, compared to its average volume of 552,568. The company has a debt-to-equity ratio of 3.48, a current ratio of 0.81 and a quick ratio of 0.81. The firm's 50-day moving average price is $55.88 and its two-hundred day moving average price is $61.99. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 36.65, a P/E/G ratio of 2.82 and a beta of 0.85. Progress Software has a fifty-two week low of $48.00 and a fifty-two week high of $70.56.

Progress Software (NASDAQ:PRGS - Get Free Report) last released its quarterly earnings results on Monday, March 31st. The software maker reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.27. Progress Software had a return on equity of 41.56% and a net margin of 9.08%. The firm had revenue of $238.02 million for the quarter, compared to analyst estimates of $235.64 million. During the same quarter last year, the company posted $1.25 earnings per share. The business's revenue was up 28.9% on a year-over-year basis.

Institutional Trading of Progress Software

Hedge funds have recently added to or reduced their stakes in the business. Cerity Partners LLC purchased a new position in shares of Progress Software during the 3rd quarter worth about $575,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Progress Software by 137.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,685 shares of the software maker's stock worth $1,596,000 after purchasing an additional 13,697 shares during the last quarter. Captrust Financial Advisors raised its stake in Progress Software by 60.1% during the third quarter. Captrust Financial Advisors now owns 27,535 shares of the software maker's stock worth $1,855,000 after purchasing an additional 10,336 shares during the period. Centiva Capital LP acquired a new position in shares of Progress Software in the 3rd quarter valued at $597,000. Finally, Systematic Financial Management LP grew its stake in shares of Progress Software by 10.5% during the 3rd quarter. Systematic Financial Management LP now owns 544,417 shares of the software maker's stock valued at $36,677,000 after buying an additional 51,568 shares during the period.

Insider Buying and Selling

In other news, CFO Anthony Folger sold 15,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $56.30, for a total value of $844,500.00. Following the completion of the transaction, the chief financial officer now owns 44,564 shares of the company's stock, valued at $2,508,953.20. The trade was a 25.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ian Pitt sold 1,482 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $56.60, for a total transaction of $83,881.20. Following the sale, the insider now owns 7,613 shares in the company, valued at approximately $430,895.80. This trade represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,185 shares of company stock worth $1,024,193. 3.40% of the stock is owned by corporate insiders.

About Progress Software

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.