Progress Software Stock Buy Hold or Sell Recommendation
| PRGS Stock | USD 50.19 0.40 0.79% |
Given the investment horizon of 90 days and your bold attitude towards risk, our recommendation regarding Progress Software is 'Strong Buy'. Macroaxis provides Progress Software buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding PRGS positions. The advice algorithm takes into account all of Progress Software's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Progress Software's buy or sell advice are summarized below:
Real Value 57.85 | Target Price 63 | Hype Value 50.6 | Market Value 50.19 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Progress Software given historical horizon and risk tolerance towards Progress Software. When Macroaxis issues a 'buy' or 'sell' recommendation for Progress Software, the advice is generated through an automated system that utilizes algorithms and statistical models.
Progress |
Execute Progress Software Buy or Sell Advice
The Progress recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Progress Software. Macroaxis does not own or have any residual interests in Progress Software or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Progress Software's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Progress Software Trading Alerts and Improvement Suggestions
| Progress Software generated a negative expected return over the last 90 days | |
| Over 99.0% of the company shares are owned by institutional investors | |
| On 15th of March 2024 Progress Software paid $ 0.175 per share dividend to its current shareholders | |
| Latest headline from benzinga.com: Director At Progress Software Sells 1.02M Of Stock |
Progress Software Returns Distribution Density
The distribution of Progress Software's historical returns is an attempt to chart the uncertainty of Progress Software's future price movements. The chart of the probability distribution of Progress Software daily returns describes the distribution of returns around its average expected value. We use Progress Software price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Progress Software returns is essential to provide solid investment advice for Progress Software.
| Mean Return | -0.08 | Value At Risk | -1.78 | Potential Upside | 2.27 | Standard Deviation | 1.49 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Progress Software historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Progress Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Progress Software is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Progress Software backward and forwards among themselves. Progress Software's institutional investor refers to the entity that pools money to purchase Progress Software's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Amvescap Plc. | 2023-12-31 | 872.9 K | Macquarie Group Ltd | 2023-12-31 | 805.7 K | Bank Of New York Mellon Corp | 2023-12-31 | 774.6 K | Nomura Holdings Inc | 2023-12-31 | 648.1 K | William Blair Investment Management, Llc | 2023-12-31 | 552.6 K | Mizuho Markets Americas Llc | 2023-12-31 | 537 K | Northern Trust Corp | 2023-12-31 | 511 K | Oaktop Capital Management Ii Lp | 2023-12-31 | 508.6 K | Manufacturers Life Insurance Co | 2023-12-31 | 484.9 K | Blackrock Inc | 2023-12-31 | 7.2 M | Vanguard Group Inc | 2023-12-31 | 5.5 M |
Progress Software Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (10.7M) | 245K | (1.6M) | 2.5M | 2.9M | 3.0M | |
| Change In Cash | (67.7M) | 51.4M | 94.4M | (129.3M) | (116.4M) | (110.6M) | |
| Free Cash Flow | 138.3M | 173.9M | 186.1M | 168.4M | 193.6M | 203.3M | |
| Depreciation | 34.8M | 61.2M | 76.8M | 105.3M | 121.1M | 127.1M | |
| Other Non Cash Items | 8.9M | 10.7M | (2.2M) | (42.1M) | (37.9M) | (36.0M) | |
| Capital Expenditures | 6.5M | 4.7M | 6.1M | 5.6M | 5.0M | 7.7M | |
| Net Income | 79.7M | 78.4M | 95.1M | 70.2M | 80.7M | 84.8M | |
| End Period Cash Flow | 106.0M | 157.4M | 251.8M | 127.0M | 146.0M | 148.9M | |
| Change To Netincome | 33.5M | 13.1M | 39.5M | 10.9M | 12.6M | 17.9M | |
| Dividends Paid | 29.9M | 31.6M | 31.1M | 31.6M | 28.4M | 27.2M | |
| Investments | 11.4M | (258.6M) | (6.1M) | (360.4M) | (324.3M) | (308.1M) | |
| Net Borrowings | 179.7M | 87.2M | 231.9M | 602K | 692.3K | 657.7K |
Progress Software Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Progress Software or Software sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Progress Software's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Progress stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.13 | |
β | Beta against NYSE Composite | 0.75 | |
σ | Overall volatility | 1.32 | |
Ir | Information ratio | -0.09 |
Progress Software Volatility Alert
Progress Software exhibits very low volatility with skewness of 0.38 and kurtosis of 3.76. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Progress Software's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Progress Software's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Progress Software Fundamentals Vs Peers
Comparing Progress Software's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Progress Software's direct or indirect competition across all of the common fundamentals between Progress Software and the related equities. This way, we can detect undervalued stocks with similar characteristics as Progress Software or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Progress Software's fundamental indicators could also be used in its relative valuation, which is a method of valuing Progress Software by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Progress Software to competition |
| Fundamentals | Progress Software | Peer Average |
| Return On Equity | 0.16 | -0.31 |
| Return On Asset | 0.0499 | -0.14 |
| Profit Margin | 0.1 % | (1.27) % |
| Operating Margin | 0.21 % | (5.51) % |
| Current Valuation | 2.77 B | 16.62 B |
| Shares Outstanding | 43.22 M | 571.82 M |
| Shares Owned By Insiders | 1.49 % | 10.09 % |
| Shares Owned By Institutions | 98.51 % | 39.21 % |
| Number Of Shares Shorted | 4.02 M | 4.71 M |
| Price To Earning | 30.63 X | 28.72 X |
| Price To Book | 4.77 X | 9.51 X |
| Price To Sales | 3.08 X | 11.42 X |
| Revenue | 694.44 M | 9.43 B |
| Gross Profit | 529.59 M | 27.38 B |
| EBITDA | 110.52 M | 3.9 B |
| Net Income | 70.2 M | 570.98 M |
| Cash And Equivalents | 224.86 M | 2.7 B |
| Cash Per Share | 5.23 X | 5.01 X |
| Total Debt | 747.11 M | 5.32 B |
| Debt To Equity | 1.76 % | 48.70 % |
| Current Ratio | 1.30 X | 2.16 X |
| Book Value Per Share | 10.57 X | 1.93 K |
| Cash Flow From Operations | 173.92 M | 971.22 M |
| Short Ratio | 4.52 X | 4.00 X |
| Earnings Per Share | 1.55 X | 3.12 X |
| Price To Earnings To Growth | 5.42 X | 4.89 X |
| Target Price | 63.67 | |
| Number Of Employees | 2.28 K | 18.84 K |
| Beta | 0.94 | -0.15 |
| Market Capitalization | 2.19 B | 19.03 B |
| Total Asset | 1.6 B | 29.47 B |
| Retained Earnings | 120.86 M | 9.33 B |
| Working Capital | (21.33 M) | 1.48 B |
Note: Disposition of 20000 shares by David Krall of Progress Software at 51.0 subject to Rule 16b-3 [view details]
Progress Software Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Progress . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 6850.24 | |||
| Daily Balance Of Power | (0.65) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 50.37 | |||
| Day Typical Price | 50.31 | |||
| Price Action Indicator | (0.38) | |||
| Period Momentum Indicator | (0.40) | |||
| Relative Strength Index | 48.66 |
About Progress Software Buy or Sell Advice
When is the right time to buy or sell Progress Software? Buying financial instruments such as Progress Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 640.6M | 747.1M | 859.2M | 902.1M | Total Assets | 1.4B | 1.6B | 1.8B | 1.9B |
Use Investing Ideas to Build Portfolios
In addition to having Progress Software in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Chemicals Thematic Idea Now
Chemicals
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Chemicals theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Chemicals Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Progress Software Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy Progress Stock please use our How to Invest in Progress Software guide.Note that the Progress Software information on this page should be used as a complementary analysis to other Progress Software's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Progress Stock analysis
When running Progress Software's price analysis, check to measure Progress Software's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progress Software is operating at the current time. Most of Progress Software's value examination focuses on studying past and present price action to predict the probability of Progress Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progress Software's price. Additionally, you may evaluate how the addition of Progress Software to your portfolios can decrease your overall portfolio volatility.
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Equity Valuation Check real value of public entities based on technical and fundamental data |
Is Progress Software's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Progress Software. If investors know Progress will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Progress Software listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.04) | Dividend Share 0.7 | Earnings Share 1.55 | Revenue Per Share 16.404 | Quarterly Revenue Growth 0.125 |
The market value of Progress Software is measured differently than its book value, which is the value of Progress that is recorded on the company's balance sheet. Investors also form their own opinion of Progress Software's value that differs from its market value or its book value, called intrinsic value, which is Progress Software's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Progress Software's market value can be influenced by many factors that don't directly affect Progress Software's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Progress Software's value and its price as these two are different measures arrived at by different means. Investors typically determine if Progress Software is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progress Software's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.