Progress Software (PRGS) Expected to Announce Quarterly Earnings on Monday

Progress Software (NASDAQ:PRGS) will likely be issuing its Q1 2026 results after the market closes on Monday, March 30th. Analysts expect the company to announce earnings of $1.57 per share and revenue of $246.4010 million for the quarter. Progress Software has set its FY 2026 guidance at 1.74-1.910 EPS and its Q1 2026 guidance at 1.56-1.62 EPS. Individuals are encouraged to explore the company’s upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Monday, March 30, 2026 at 5:00 PM ET.

Progress Software (NASDAQ:PRGS) last issued its quarterly earnings data on Tuesday, January 20th. The software maker reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.20. The firm had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.86 million. Progress Software had a return on equity of 43.90% and a net margin of 7.48%.The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 EPS. 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 Stock Down 1.7%

PRGS stock opened at $31.29 on Monday. Progress Software has a twelve month low of $30.89 and a twelve month high of $65.50. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.18. The stock’s 50 day moving average is $39.19 and its 200-day moving average is $41.78. The firm has a market capitalization of $1.32 billion, a PE ratio of 18.85, a P/E/G ratio of 1.37 and a beta of 0.57.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Jefferies Financial Group decreased their price target on Progress Software from $50.00 to $45.00 and set a “hold” rating for the company in a report on Monday, January 5th. Citigroup lifted their price objective on shares of Progress Software from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. DA Davidson reiterated a “buy” rating and issued a $70.00 target price on shares of Progress Software in a research note on Wednesday, February 4th. Wedbush lowered their target price on shares of Progress Software from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, January 22nd. Finally, Weiss Ratings lowered shares of Progress Software from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 13th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.60.

Insider Transactions at Progress Software

In other Progress Software news, CFO Anthony Folger sold 6,000 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $40.00, for a total value of $240,000.00. Following the transaction, the chief financial officer directly owned 48,802 shares in the company, valued at $1,952,080. The trade was a 10.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sundar Subramanian sold 21,594 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $37.65, for a total transaction of $813,014.10. Following the transaction, the executive vice president directly owned 15,542 shares of the company’s stock, valued at $585,156.30. This represents a 58.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 30,546 shares of company stock worth $1,171,546. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of Progress Software

A number of large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. grew its stake in shares of Progress Software by 135.1% during the 1st quarter. Advisors Asset Management Inc. now owns 1,051 shares of the software maker’s stock worth $54,000 after acquiring an additional 604 shares during the period. AQR Capital Management LLC increased its holdings in Progress Software by 16.9% in the 1st quarter. AQR Capital Management LLC now owns 42,587 shares of the software maker’s stock worth $2,194,000 after acquiring an additional 6,147 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Progress Software by 6.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,644 shares of the software maker’s stock valued at $1,321,000 after acquiring an additional 1,454 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Progress Software by 75.6% during the first quarter. Goldman Sachs Group Inc. now owns 560,943 shares of the software maker’s stock valued at $28,894,000 after purchasing an additional 241,515 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in Progress Software by 206.8% during the first quarter. Jane Street Group LLC now owns 111,326 shares of the software maker’s stock valued at $5,734,000 after purchasing an additional 75,044 shares during the last quarter.

About Progress Software

Progress Software (NASDAQ: PRGS) is a global provider of enterprise software designed to simplify and accelerate the delivery of business applications. The company’s offerings span digital experience management, application development and deployment, data connectivity and integration, and predictive analytics. Progress supports organizations in building, deploying, and managing mission-critical applications across on-premises, cloud and hybrid environments, helping to reduce development complexity and operational overhead.

Key products in Progress’s portfolio include Progress OpenEdge, a robust development and database platform for building transactional applications; Progress DataDirect, which enables high-performance connectivity to disparate data sources; Progress Sitefinity, a digital experience platform for content management and personalization; Progress Telerik, a suite of UI controls and developer tools; and Progress Kinvey, a serverless backend platform for mobile and web applications.