Progress Software Stock Today
| PRGS Stock | USD 51.43 0.24 0.47% |
Performance0 of 100
| Odds Of DistressLess than 29
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Progress Software is selling for under 51.43 as of the 24th of April 2024; that is 0.47% increase since the beginning of the trading day. The stock's lowest day price was 50.82. Progress Software has about a 29 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Progress Software are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Software & Services | IPO Date 30th of July 1991 | Category Technology | Classification Information Technology |
Progress Software Corporation develops, deploys, and manages business applications. The company was founded in 1981 and is headquartered in Burlington, Massachusetts. Progress Software operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. The company has 43.22 M outstanding shares of which 4.02 M shares are at this time shorted by private and institutional investors with about 4.52 trading days to cover. More on Progress Software
Moving together with Progress Stock
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Moving against Progress Stock
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Follow Valuation Options Odds of Bankruptcy
Financial Report 4th of July 2024
Progress Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Progress Software's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Progress Software or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Philip Pead | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Systems Software, Software - Infrastructure, Information Technology, SP Small-Cap 600, NASDAQ Composite, NASDAQ Composite Total, Information Technology, Software, Software—Application, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Progress Software report their recommendations after researching Progress Software's financial statements, talking to executives and customers, or listening in on Progress Software's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Progress Software. The Progress consensus assessment is calculated by taking the average forecast from all of the analysts covering Progress Software. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the measurements of operating efficiency obtained from Progress Software's historical financial statements, Progress Software may be sliding down financialy. It has an above-average chance of going through some form of financial crunch next quarter. Financial strength of Progress Software is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Progress Software's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Progress Software's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Progress Software's financial leverage. It provides some insight into what part of Progress Software's total assets is financed by creditors.
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Progress Software (PRGS) is traded on NASDAQ Exchange in USA. It is located in 15 Wayside Road, Burlington, MA, United States, 01803 and employs 2,284 people. Progress Software is listed under Systems Software category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.21 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Progress Software's market, we take the total number of its shares issued and multiply it by Progress Software's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Progress Software conducts business under Software sector and is part of Information Technology industry. The entity has 43.22 M outstanding shares of which 4.02 M shares are at this time shorted by private and institutional investors with about 4.52 trading days to cover.
Progress Software currently holds about 224.86 M in cash with 173.92 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.23.
Check Progress Software Probability Of Bankruptcy
Ownership AllocationProgress Software has a total of 43.22 Million outstanding shares. The majority of Progress Software outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Progress Software to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Progress Software. Please pay attention to any change in the institutional holdings of Progress Software as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Progress Ownership Details
Progress Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Progress Software jumping above the current price in 90 days from now is about 85.04%. The Progress Software probability density function shows the probability of Progress Software stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Progress Software has a beta of 0.9532 indicating Progress Software market returns are related to returns on the market. As the market goes up or down, Progress Software is expected to follow. Additionally, progress Software has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Progress Software to move above the current price in 90 days from now is about 85.04 (This Progress Software probability density function shows the probability of Progress Stock to fall within a particular range of prices over 90 days) .
Progress Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Progress Software that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Progress Software's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Progress Software's value.| Instituion | Recorded On | 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 Historical Income Statement
Progress Software Income Statement is one of the three primary financial statements used for reporting Progress's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Progress Software revenue and expense. Progress Software Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Progress Software's Selling General Administrative is comparatively stable compared to the past year. Research Development is likely to gain to about 159.9 M in 2024, whereas EBIT is likely to drop slightly above 68.9 M in 2024. View More FundamentalsProgress Stock Against Markets
Picking the right benchmark for Progress Software stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Progress Software stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Progress Software is critical whether you are bullish or bearish towards Progress Software at a given time. Please also check how Progress Software's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Progress Software without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Progress Software Corporate Directors
Progress Software corporate directors refer to members of a Progress Software board of directors. The board of directors generally takes responsibility for the Progress Software's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Progress Software's board members must vote for the resolution. The Progress Software board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Charles Kane | Independent Director | Profile | |
| Barry Bycoff | Director | Profile | |
| Paul Dacier | Independent Director | Profile | |
| Angela Tucci | Director | Profile |
How to buy Progress Stock?
Before investing in Progress Software, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Progress Software. To buy Progress Software stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Progress Software. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Progress Software stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Progress Software stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Progress Software stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Progress Software, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Progress Stock please use our How to Invest in Progress Software guide.
Already Invested in Progress Software?
The danger of trading Progress Software is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Progress Software is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Progress Software. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Progress Software is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Progress Software is a strong investment it is important to analyze Progress Software's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Progress Software's future performance. For an informed investment choice regarding Progress Stock, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progress Software. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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.
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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.