Progress Software Corporation (NASDAQ:PRGS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Progress Software Corporation (NASDAQ:PRGS) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $64.60.

PRGS has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Progress Software from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. DA Davidson lowered their target price on Progress Software from $75.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, January 15th. Citigroup lifted their price target on Progress Software from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday. Wedbush reduced their price objective on Progress Software from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Wall Street Zen upgraded Progress Software from a “hold” rating to a “buy” rating in a report on Friday, October 3rd.

Institutional Investors Weigh In On Progress Software

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. increased its stake in shares of Progress Software by 9.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 14,550 shares of the software maker’s stock worth $625,000 after purchasing an additional 1,278 shares during the last quarter. Chesley Taft & Associates LLC acquired a new position in Progress Software during the fourth quarter worth approximately $216,000. GAMMA Investing LLC raised its stake in Progress Software by 652.2% in the fourth quarter. GAMMA Investing LLC now owns 2,896 shares of the software maker’s stock valued at $124,000 after buying an additional 2,511 shares during the period. Swiss Life Asset Management Ltd raised its stake in Progress Software by 0.3% in the third quarter. Swiss Life Asset Management Ltd now owns 264,285 shares of the software maker’s stock valued at $11,610,000 after buying an additional 781 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Progress Software in the third quarter valued at approximately $201,000.

Progress Software Trading Up 0.1%

Shares of PRGS opened at $42.75 on Friday. The firm has a market capitalization of $1.80 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 1.84 and a beta of 0.61. Progress Software has a 12-month low of $38.54 and a 12-month high of $65.50. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.18. The stock’s fifty day simple moving average is $42.26 and its 200-day simple moving average is $44.25.

Progress Software (NASDAQ:PRGS) last posted its quarterly earnings results on Tuesday, January 20th. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.20. The business had revenue of $253.00 million for 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 firm’s revenue was up 17.5% on a year-over-year basis. During the same period last year, the company earned $1.33 EPS. 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. As a group, research analysts predict that Progress Software will post 4.01 earnings per share for the current year.

Key Stories Impacting Progress Software

Here are the key news stories impacting Progress Software this week:

• Positive Sentiment: Q4 earnings beat and revenue growth — Progress reported Q4 EPS above estimates and revenue up ~18% y/y; premarket reaction lifted the stock as ARR expanded and management pointed to profitable growth. Article Title
• Positive Sentiment: Strong FY‑2026 guidance and AI tailwinds — Management set ambitious FY26 targets (including a ~$1B revenue ambition) and cited AI-driven customer demand as a key growth driver, which underpins the upgraded forward outlook. Article Title
• Positive Sentiment: ARR buildup and strategic reloading — Analysts and coverage of the earnings call highlight recurring revenue expansion and management positioning the company to pursue new deals after building ARR momentum. Article Title
• Neutral Sentiment: Surge in options activity — Unusual options volume suggests traders are positioning for continued volatility or a directional move after the earnings/guidance release; this reflects short-term speculation rather than a fundamental shift. Article Title
• Neutral Sentiment: Multiple valuation and analyst writeups — Post‑move pieces (Zacks, Yahoo valuation check, Seeking Alpha) debate whether the rally already prices in growth; useful for assessing entry points but not immediate drivers. Article Title
• Negative Sentiment: Wedbush trims price target — Wedbush lowered its target from $75 to $65 (still an outperform rating), which reduces upside expectations versus prior analyst optimism and may cap near-term upside for some investors. Article Title

Progress Software Company Profile

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.