Progress Software Corporation (PRGS): Price and Financial Metrics


Progress Software Corporation (PRGS)

Today's Latest Price: $39.38 USD

0.24 (0.61%)

Updated Oct 23 4:00pm

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 96 in Software - Application

See all "A" rated Strong Buy stocks

PRGS Stock Summary

  • With a one year PEG ratio of 164.33, Progress Software Corp is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than 81.49% of US stocks.
  • PRGS's went public 29.24 years ago, making it older than 83.21% of listed US stocks we're tracking.
  • The volatility of Progress Software Corp's share price is greater than that of only 9.11% US stocks with at least 200 days of trading history.
  • Stocks with similar financial metrics, market capitalization, and price volatility to Progress Software Corp are CPSI, NTCT, NOVT, NXGN, and XPER.
  • Visit PRGS's SEC page to see the company's official filings. To visit the company's web site, go to www.progress.com.

PRGS Stock Price Chart Interactive Chart >

Price chart for PRGS

PRGS Price/Volume Stats

Current price $39.38 52-week high $52.50
Prev. close $39.14 52-week low $28.09
Day low $38.82 Volume 131,700
Day high $39.47 Avg. volume 386,670
50-day MA $37.50 Dividend yield 1.68%
200-day MA $38.19 Market Cap 1.78B

Progress Software Corporation (PRGS) Company Bio


Progress Software is a global software company that simplifies the development, deployment and management of business applications. The Company's products provide solutions for rapid application development, broad data integration and efficient data analysis. The company was founded in 1981 and is based in Bedford, Massachusetts.

PRGS Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$39.38$32.48 -16%

We started the process of determining a valid price forecast for Progress Software Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Progress Software Corp ranked in the 43th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 15.67%. In terms of the factors that were most noteworthy in this DCF analysis for PRGS, they are:

  • 85% of the company's capital comes from equity, which is greater than 68.02% of stocks in our cash flow based forecasting set.
  • Progress Software Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 7.59. This coverage rate is greater than that of 72.85% of stocks we're observing for the purpose of forecasting via discounted cash flows.
  • The weighted average cost of capital for the company is 8. This value is greater than only 16.53% stocks in the Technology sector that generate free cash flow.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%-18%
1%-17%
2%-16%
3%-15%
4%-14%
5%-14%

For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as PRGS, try CLGX, CRUS, ATEN, G, and TSM.


PRGS Latest News Stream


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Latest PRGS News From Around the Web

Below are the latest news stories about Progress Software Corp that investors may wish to consider to help them evaluate PRGS as an investment opportunity.

Progress Software raises dividend by 6% to $0.175

Progress Software (PRGS) had declared $0.175/share quarterly dividend, 6.1% increase from prior dividend of $0.165.Forward yield 1.86%Payable Dec. 15; for shareholders of record Dec. 1; ex-div Nov. 30.Reported on Sept. 22, 2020.See PRGS Dividend Scorecard, Yield Chart, & Dividend Growth.Previously: Progress Software up 3% on insider buy (Oct. 2)...

Seeking Alpha | October 2, 2020

Progress Software up 3% on insider buy

Progress Software (PRGS) up 3% in premarket on disclosing that Yogesh Gupta, CEO bought 2700 common shares at 37.50 on Oct. 1. Yogesh Gupta now owns 96,142 shares.In another filing, Anthony Folger, CFO bought 2622 shares at 37.75 on Oct. 1....

Seeking Alpha | October 2, 2020

Progress Software Corp. (PRGS) Q3 2020 Earnings Call Transcript

Progress Software Corp (NASDAQ: PRGS) Q3 2020 earnings call dated Sep. 29, 2020 Corporate Participants: Anthony Folger — Chief Financial Officer Yogesh Gupta — Chief Executive Officer Analysts: Anja Soderstrom — Sidoti — Analyst Mark Schappel — Benchmark — Analyst Ittai Kidron — Oppenheimer — Analyst Presentation: Operator Good day and welcome to the Progress Software Corporation Q3 2020 Investor Relations Conference Call. Today’s call […]

AlphaStreet | September 29, 2020

Did Hedge Funds Make The Right Call On Progress Software Corporation (PRGS) ?

The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]

Yahoo | July 17, 2020

Progress Releases Corticon.js for Codeless Automated Digital Decision Making

Serverless business rules easily integrate into critical JavaScript applications for low cost, low maintenance, elastic backend deployment BEDFORD, Mass., July 15, 2020 --.

Yahoo | July 15, 2020

Read More 'PRGS' Stories Here

PRGS Price Returns

1-mo 11.81%
3-mo 14.41%
6-mo 2.49%
1-year 1.08%
3-year -2.71%
5-year 72.22%
YTD -4.00%
2019 18.95%
2018 -15.41%
2017 35.45%
2016 33.60%
2015 -11.18%

PRGS Dividends

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