Progress Software (PRGS) to Release Quarterly Earnings on Monday

Progress Software (NASDAQ:PRGS) is expected to be issuing its Q1 2026 results after the market closes on Monday, March 30th. Analysts expect the company to announce earnings of $1.57 per share and revenue of $246.4010 million for the quarter. 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. Interested persons may visit the the company’s upcoming Q1 2026 earning results page for the latest details on the call scheduled for Monday, March 30, 2026 at 5:00 PM ET.

Progress Software (NASDAQ:PRGS) last released its quarterly earnings results on Tuesday, January 20th. The software maker reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. Progress Software had a return on equity of 43.90% and a net margin of 7.48%.The firm had revenue of $253.00 million for the quarter, compared to analyst estimates of $252.86 million. During the same quarter in the previous year, the company posted $1.33 EPS. The business’s revenue was up 17.5% on a year-over-year basis. On average, analysts expect Progress Software to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Progress Software Price Performance

Shares of PRGS opened at $31.29 on Monday. The business has a 50-day moving average of $39.19 and a 200-day moving average of $41.78. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.49 and a quick ratio of 0.49. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 1.37 and a beta of 0.57. Progress Software has a 1 year low of $30.89 and a 1 year high of $65.50.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PRGS. DA Davidson reissued a “buy” rating and set a $70.00 target price on shares of Progress Software in a research report on Wednesday, February 4th. Citigroup boosted their price target on shares of Progress Software from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Wedbush decreased their price objective on shares of Progress Software from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday, January 22nd. Weiss Ratings downgraded shares of Progress Software from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 13th. Finally, Jefferies Financial Group dropped their target price on shares of Progress Software from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Monday, January 5th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $64.60.

Insider Transactions at Progress Software

In other news, CFO Anthony Folger sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $40.00, for a total value of $240,000.00. Following the completion of the sale, the chief financial officer directly owned 48,802 shares in the company, valued at $1,952,080. This trade represents a 10.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Sundar Subramanian sold 21,594 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $37.65, for a total value of $813,014.10. Following the transaction, the executive vice president directly owned 15,542 shares in the company, valued at approximately $585,156.30. This trade represents a 58.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,546 shares of company stock worth $1,171,546 in the last three months. Insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Progress Software

A number of institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Progress Software by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,139,309 shares of the software maker’s stock worth $50,044,000 after purchasing an additional 20,669 shares in the last quarter. Geode Capital Management LLC raised its holdings in Progress Software by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 1,081,487 shares of the software maker’s stock worth $46,468,000 after buying an additional 6,095 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Progress Software by 2.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 931,070 shares of the software maker’s stock worth $39,999,000 after buying an additional 24,659 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Progress Software by 75.6% in the first quarter. Goldman Sachs Group Inc. now owns 560,943 shares of the software maker’s stock valued at $28,894,000 after buying an additional 241,515 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Progress Software by 11.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 558,855 shares of the software maker’s stock valued at $24,008,000 after buying an additional 59,649 shares in the last quarter.

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.