Barclays PLC Sells 59,723 Shares of Progress Software Corporation $PRGS

Barclays PLC decreased its holdings in shares of Progress Software Corporation (NASDAQ:PRGS) by 10.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 514,999 shares of the software maker’s stock after selling 59,723 shares during the period. Barclays PLC owned about 1.20% of Progress Software worth $22,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of PRGS. Russell Investments Group Ltd. increased its holdings in Progress Software by 0.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 37,067 shares of the software maker’s stock worth $2,366,000 after acquiring an additional 241 shares in the last quarter. F m Investments LLC boosted its position in shares of Progress Software by 0.5% in the second quarter. F m Investments LLC now owns 54,408 shares of the software maker’s stock worth $3,473,000 after purchasing an additional 271 shares during the period. California State Teachers Retirement System boosted its position in shares of Progress Software by 0.8% in the second quarter. California State Teachers Retirement System now owns 39,639 shares of the software maker’s stock worth $2,531,000 after purchasing an additional 333 shares during the period. Integrated Investment Consultants LLC increased its stake in shares of Progress Software by 4.7% in the second quarter. Integrated Investment Consultants LLC now owns 8,257 shares of the software maker’s stock worth $527,000 after purchasing an additional 372 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of Progress Software by 3.4% in the third quarter. Amalgamated Bank now owns 12,671 shares of the software maker’s stock worth $557,000 after purchasing an additional 422 shares in the last quarter.

Insider Transactions at Progress Software

In related news, EVP Sundar Subramanian sold 1,352 shares of the stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $42.37, for a total transaction of $57,284.24. Following the completion of the transaction, the executive vice president owned 29,066 shares of the company’s stock, valued at approximately $1,231,526.42. This trade represents a 4.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Anthony Folger sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $40.00, for a total value of $240,000.00. Following the transaction, the chief financial officer owned 48,802 shares of the company’s stock, valued at $1,952,080. This trade represents a 10.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.40% of the company’s stock.

Progress Software Stock Performance

PRGS opened at $36.44 on Thursday. The firm has a market capitalization of $1.53 billion, a PE ratio of 21.95, a P/E/G ratio of 1.64 and a beta of 0.57. The firm has a 50 day moving average of $40.41 and a two-hundred day moving average of $42.43. Progress Software Corporation has a 12-month low of $34.57 and a 12-month high of $65.50. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 2.18.

Progress Software (NASDAQ:PRGS) last released its quarterly earnings data on Tuesday, January 20th. The software maker reported $1.51 EPS for the quarter, topping the consensus estimate of $1.31 by $0.20. Progress Software had a return on equity of 43.90% and a net margin of 7.48%.The business had revenue of $253.00 million for the quarter, compared to analyst estimates of $252.86 million. During the same quarter in the prior year, the firm posted $1.33 EPS. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. 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, analysts anticipate that Progress Software Corporation will post 4.01 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Citigroup boosted their price target on Progress Software from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. DA Davidson reissued a “buy” rating and set a $70.00 price objective on shares of Progress Software in a research note on Wednesday, February 4th. Wedbush reduced their target price on shares of Progress Software from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, January 22nd. Jefferies Financial Group decreased their price target on Progress Software from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, January 5th. Finally, Weiss Ratings upgraded shares of Progress Software from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 25th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Progress Software presently has an average rating of “Moderate Buy” and an average price target of $64.60.

About Progress Software

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.