Research Analysts Set Expectations for PRGS Q1 Earnings

Progress Software Co. (NASDAQ:PRGS - Free Report) - Analysts at Wedbush issued their Q1 2026 earnings estimates for shares of Progress Software in a research report issued on Wednesday, January 22nd. Wedbush analyst D. Ives expects that the software maker will earn $1.23 per share for the quarter. The consensus estimate for Progress Software's current full-year earnings is $4.59 per share. Wedbush also issued estimates for Progress Software's Q3 2026 earnings at $1.16 EPS, Q4 2026 earnings at $1.43 EPS and FY2026 earnings at $4.89 EPS.

A number of other analysts also recently issued reports on PRGS. Citigroup raised their price target on shares of Progress Software from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, January 17th. Guggenheim reiterated a "buy" rating and issued a $83.00 price target on shares of Progress Software in a research report on Friday, January 17th. StockNews.com cut Progress Software from a "strong-buy" rating to a "buy" rating in a report on Thursday. 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, Oppenheimer boosted their target price on shares of Progress Software from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $72.43.

Progress Software Stock Down 2.2 %

Shares of NASDAQ:PRGS traded down $1.17 during trading on Friday, reaching $52.95. 644,285 shares of the stock traded hands, compared to its average volume of 726,158. The stock has a market cap of $2.30 billion, a P/E ratio of 33.94, a price-to-earnings-growth ratio of 6.24 and a beta of 0.93. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.23 and a current ratio of 0.81. Progress Software has a 52-week low of $48.00 and a 52-week high of $70.56. The stock has a 50-day moving average of $65.96 and a two-hundred day moving average of $62.34.

Institutional Trading of Progress Software

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in Progress Software by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,409,225 shares of the software maker's stock valued at $76,465,000 after acquiring an additional 34,318 shares in the last quarter. Pacer Advisors Inc. boosted its position in Progress Software by 45,918.9% in the fourth quarter. Pacer Advisors Inc. now owns 1,143,110 shares of the software maker's stock valued at $74,474,000 after buying an additional 1,140,626 shares during the last quarter. Principal Financial Group Inc. grew its position in Progress Software by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,045,240 shares of the software maker's stock worth $70,418,000 after purchasing an additional 43,936 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Progress Software by 11.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 964,599 shares of the software maker's stock valued at $64,985,000 after purchasing an additional 99,479 shares in the last quarter. Finally, Seizert Capital Partners LLC raised its holdings in Progress Software by 3.3% in the 3rd quarter. Seizert Capital Partners LLC now owns 645,132 shares of the software maker's stock worth $43,463,000 after purchasing an additional 20,355 shares during the period.

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.