Progress Software (PRGS) to Release Quarterly Earnings on Monday

Progress Software (NASDAQ:PRGS) is anticipated to announce its Q2 2025 earnings results after the market closes on Monday, June 30th. Analysts expect the company to announce earnings of $1.31 per share and revenue of $237.23 million for the quarter.

Progress Software (NASDAQ:PRGS) last released its quarterly earnings results on Monday, March 31st. The software maker reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.27. Progress Software had a return on equity of 42.64% and a net margin of 7.03%. The company had revenue of $238.02 million for the quarter, compared to analysts’ expectations of $235.64 million. During the same quarter in the previous year, the company posted $1.25 earnings per share. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. On average, analysts expect Progress Software to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Progress Software Price Performance

Shares of NASDAQ PRGS opened at $63.76 on Friday. Progress Software has a fifty-two week low of $50.68 and a fifty-two week high of $70.56. The stock has a market cap of $2.74 billion, a P/E ratio of 49.43, a P/E/G ratio of 3.05 and a beta of 0.67. The firm’s 50-day simple moving average is $61.81 and its 200 day simple moving average is $59.90. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 3.47.

Insider Buying and Selling at Progress Software

In related news, insider Yufan Stephanie Wang sold 1,428 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $58.27, for a total value of $83,209.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ian Pitt sold 703 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $56.29, for a total value of $39,571.87. Following the completion of the transaction, the insider now directly owns 8,317 shares of the company’s stock, valued at approximately $468,163.93. The trade was a 7.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Progress Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PRGS. Goldman Sachs Group Inc. grew its position in shares of Progress Software by 75.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 560,943 shares of the software maker’s stock worth $28,894,000 after buying an additional 241,515 shares during the period. Jane Street Group LLC grew its holdings in Progress Software by 206.8% during the 1st quarter. Jane Street Group LLC now owns 111,326 shares of the software maker’s stock worth $5,734,000 after acquiring an additional 75,044 shares during the period. Intech Investment Management LLC grew its stake in shares of Progress Software by 45.0% during the first quarter. Intech Investment Management LLC now owns 28,202 shares of the software maker’s stock worth $1,453,000 after purchasing an additional 8,756 shares during the period. AQR Capital Management LLC grew its stake in shares of Progress Software by 16.9% during the first quarter. AQR Capital Management LLC now owns 42,587 shares of the software maker’s stock worth $2,194,000 after purchasing an additional 6,147 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Progress Software by 6.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,644 shares of the software maker’s stock worth $1,321,000 after purchasing an additional 1,454 shares during the period.

Analysts Set New Price Targets

A number of research firms recently commented on PRGS. DA Davidson dropped their target price on shares of Progress Software from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Wedbush reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Progress Software in a report on Friday. Guggenheim reaffirmed a “buy” rating and set a $83.00 target price on shares of Progress Software in a research report on Friday. Citigroup reaffirmed a “neutral” rating on shares of Progress Software in a research report on Friday. Finally, Jefferies Financial Group restated a “hold” rating on shares of Progress Software in a report on Friday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $74.33.

Progress Software Company Profile

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.