GHP Investment Advisors Inc. Cuts Holdings in Progress Software Corporation $PRGS

GHP Investment Advisors Inc. reduced its position in Progress Software Corporation (NASDAQ:PRGS) by 18.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,251 shares of the software maker’s stock after selling 21,250 shares during the period. GHP Investment Advisors Inc. owned 0.22% of Progress Software worth $4,184,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quaker Wealth Management LLC increased its stake in Progress Software by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 450 shares of the software maker’s stock worth $29,000 after acquiring an additional 900 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Progress Software in the second quarter valued at $41,000. Advisors Asset Management Inc. increased its position in Progress Software by 135.1% in the first quarter. Advisors Asset Management Inc. now owns 1,051 shares of the software maker’s stock worth $54,000 after purchasing an additional 604 shares during the last quarter. Osaic Holdings Inc. raised its stake in Progress Software by 183.0% during the second quarter. Osaic Holdings Inc. now owns 985 shares of the software maker’s stock valued at $62,000 after purchasing an additional 637 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Progress Software by 59.5% during the second quarter. GAMMA Investing LLC now owns 1,463 shares of the software maker’s stock valued at $93,000 after purchasing an additional 546 shares in the last quarter.

Analysts Set New Price Targets

PRGS has been the subject of a number of recent research reports. Wall Street Zen raised shares of Progress Software from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Citigroup lifted their price target on Progress Software from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group decreased their price objective on Progress Software from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Monday, January 5th. Weiss Ratings upgraded Progress Software from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Finally, Wedbush cut their target price on Progress Software from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Progress Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.60.

Progress Software Stock Down 0.7%

Shares of NASDAQ:PRGS opened at $42.43 on Friday. The firm has a market capitalization of $1.79 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 1.87 and a beta of 0.61. The business has a 50 day simple moving average of $42.27 and a two-hundred day simple moving average of $44.12. Progress Software Corporation has a 1 year low of $38.54 and a 1 year high of $65.50. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.49 and a quick ratio of 0.44.

Progress Software (NASDAQ:PRGS) last issued its quarterly earnings results on Tuesday, January 20th. The software maker reported $1.51 earnings per share (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%.Progress Software’s quarterly revenue was up 17.5% compared to the same quarter last year. 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. On average, equities analysts predict that Progress Software Corporation will post 4.01 EPS for the current year.

Key Progress Software News

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

• Positive Sentiment: Q4 earnings beat and guidance — Progress topped EPS (1.51 vs. 1.31 est.) and raised/issued FY‑2026 and Q1 guidance, supporting a rally tied to profitable growth. Read More.
• Positive Sentiment: AI demand cited as a growth driver — Multiple outlets attribute the stock’s recent pop to accelerating customer adoption of Progress’s application and AI tooling. Read More.
• Positive Sentiment: Earnings call detail and investor interest — The transcript and call notes highlight profitable growth, which underpins valuation support and institutional interest. Read More.
• Positive Sentiment: Analyst sentiment supportive — Analysts’ consensus rating is “Moderate Buy,” reinforcing investor confidence even after recent volatility. Read More.
• Positive Sentiment: Options activity surged — Unusual options volume suggests speculative/hedging flows around the post-earnings move, which can amplify intraday swings. Read More.
• Neutral Sentiment: Analyst price target cut but rating kept — Wedbush trimmed its target from $75 to $65 while maintaining an outperform stance; this reduces upside expectations but keeps buy conviction. Read More.
• Neutral Sentiment: Valuation and peer comparison notes — Several analyses (Zacks, Yahoo valuation checks) discuss PRGS relative to peers (e.g., INTU) and whether the post-earnings level still offers value. These are background items for longer-term investors. Read More.
• Neutral Sentiment: Coverage and commentary pieces — Market commentary and op-eds (Seeking Alpha, Kalkine) praise product reliability and disciplined execution; useful for sentiment but less likely to move price alone. Read More.

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.