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Progress Software Corp
NASDAQ:PRGS

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Progress Software Corp Logo
Progress Software Corp
NASDAQ:PRGS
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Price: 53.15 USD +0.57% Market Closed
Updated: Nov 27, 2022

Intrinsic Value

The intrinsic value of one PRGS stock under the Base Case scenario is 51.82 USD. Compared to the current market price of 53.15 USD, Progress Software Corp is Overvalued by 2%.

The Intrinsic Value is calculated as the average of the two valuation methods:

PRGS Intrinsic Value
Base Case
51.82 USD
Overvaluation 2%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Fundamental Analysis

PRGS Profitability Score
Profitability Due Diligence

Progress Software Corp's profitability score is 66/100. The higher the profitability score, the more profitable the company is.

Positive ROIC
ROIC is Increasing
Positive 3-Year Average ROIC
Positive Net Income
66/100
Profitability
Score

Progress Software Corp's profitability score is 66/100. The higher the profitability score, the more profitable the company is.

PRGS Solvency Score
Solvency Due Diligence

Progress Software Corp's solvency score is 53/100. The higher the solvency score, the more solvent the company is.

Average Altman Z-Score
Positive Net Debt
Average D/E
Short-Term Liabilities
53/100
Solvency
Score

Progress Software Corp's solvency score is 53/100. The higher the solvency score, the more solvent the company is.

Financials
Efficiency
84%
Gross Margin
21%
Operating Margin
15%
Net Margin
33%
FCF Margin
23%
ROE
10%
ROIC
Other

PRGS Capital Structure
Progress Software Corp

Market Capitalization 2.3B USD
Total Debt 613M USD
Minority Interest 0 USD
Preferred Equity 0 USD
Cash and Equivalents 224M USD
Short-Term Investments 749k USD
Enterprise Value 2.7B USD

Wall St
Price Targets

PRGS Price Targets Summary
Progress Software Corp

Wall Street analysts forecast PRGS stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for PRGS is 56.39 USD with a low forecast of 45.45 USD and a high forecast of 73.5 USD.

Lowest
Price Target
45.45 USD
14% Downside
Average
Price Target
56.39 USD
6% Upside
Highest
Price Target
73.5 USD
38% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

PRGS Competitors
Progress Software Corp

PRGS Suppliers & Customers
Progress Software Corp

There is no information about
Progress Software Corp
key suppliers

Progress Software Corp has 48 key customers from 5 countries and 17 industries. The majority of these customers are located in the United States of America, with the largest number of customers in the Technology industry.

Customers Map

Ownership

PRGS Shareholders
Major Shareholders

Insiders own a significant part of the company.

Top 25 shareholders own 66.04% of the company. Insiders own 3.9%. The biggest insider is Gupta Yogesh K (Chief Executive Officer), who owns 0.6412% of Progress Software Corp.

Insiders
3.9%
Institutions
91.94%
Other
4.17%
Insiders
3.9%
Gupta Yogesh K
Chief Executive Officer
Ownership
0.6412%
Market Value
14.7M USD
Shares
275 721
Mark Michael
Director
Ownership
0.4944%
Market Value
11.3M USD
Shares
212 605
Faberman Stephen H
Chief Legal Officer
Ownership
0.2775%
Market Value
6.3M USD
Shares
119 315
Krall David
Director
Ownership
0.2389%
Market Value
5.5M USD
Shares
102 706
Folger Anthony
Chief Financial Officer
Ownership
0.2366%
Market Value
5.4M USD
Shares
101 742
Kane Charles Francis
Director
Ownership
0.2051%
Market Value
4.7M USD
Shares
88 175
Ainsworth John
EVP, Enterprise App Exper.
Ownership
0.1766%
Market Value
4M USD
Shares
75 938
Sweis Faris
Senior Vice President
Ownership
0.1557%
Market Value
3.6M USD
Shares
66 953
Quinn Gary
EVP, Enterprise App Exper.
Ownership
0.1413%
Market Value
3.2M USD
Shares
60 756
Taslakov Dimitre
Chief Talent Officer
Ownership
0.1411%
Market Value
3.2M USD
Shares
60 662
Jarrett Loren
EVP & GM Developer Tools
Ownership
0.1195%
Market Value
2.7M USD
Shares
51 393
Jalbert Paul A
Chief Financial Officer
Ownership
0.1023%
Market Value
2.3M USD
Shares
44 000
Segal Jeremy
EVP, Corporate Development
Ownership
0.0981%
Market Value
2.2M USD
Shares
42 194
Gawlick Rainer
Director
Ownership
0.0967%
Market Value
2.2M USD
Shares
41 575
Dacier Paul T
Director
Ownership
0.0944%
Market Value
2.2M USD
Shares
40 575
Tcherevik Dmitri
Chief Technology Officer
Ownership
0.0914%
Market Value
2.1M USD
Shares
39 293
Egan John R
Director
Ownership
0.0908%
Market Value
2.1M USD
Shares
39 058
Subramanian Sundar
EVP/GM DevSecOps
Ownership
0.0888%
Market Value
2M USD
Shares
38 173
Kulikoski Kathryn
Chief People Officer
Ownership
0.0797%
Market Value
1.8M USD
Shares
34 288
Tucci Angela
Director
Ownership
0.0767%
Market Value
1.8M USD
Shares
33 000
King Samskriti
Director
Ownership
0.0767%
Market Value
1.8M USD
Shares
33 000
Pitt Ian
Chief Information Officer
Ownership
0.0568%
Market Value
1.3M USD
Shares
24 417
Vitale Vivian M
Director
Ownership
0.0421%
Market Value
962k USD
Shares
18 108
Murphy Anthony
Chief Information Officer
Ownership
0.0304%
Market Value
696k USD
Shares
13 090
Lococo Domenic
Chief Accounting Officer
Ownership
0.0237%
Market Value
541k USD
Shares
10 170
Ortiz Jennifer
EVP, Corporate Marketing
Ownership
0.0203%
Market Value
465k USD
Shares
8 745
Institutions
91.94%
Back

PRGS Insider Trading
Buy and sell transactions by insiders

Progress Software Corp insiders have only sold shares in the past 12 months.

During the last 12 months Progress Software Corp insiders have not bought any shares, and sold 5M USD worth of shares. The last transaction was made on Nov 27, 2022 by Gupta Yogesh K (Chief Executive Officer), who sold 257k USD worth of PRGS shares.

Sold
0-3
months
1.6M USD
6
3-6
months
992k USD
3
6-9
months
2.3M USD
8
9-12
months
56.8k USD
1
Bought
0-3
months
0
0 USD
3-6
months
0
0 USD
6-9
months
0
0 USD
9-12
months
0
0 USD
Cumulative Transactions Amount
Period Sold Bought Net
3 Months
1.6M USD
N/A
-1.6M
6 Months
2.6M USD
N/A
-2.6M
9 Months
4.9M USD
N/A
-4.9M
12 Months
5M USD
N/A
-5M
Purchases
5
Sales
452
Why is insider trading important?

Shareholder Return

PRGS Price
Progress Software Corp

1M 1M
+7%
6M 6M
+11%
1Y 1Y
+9%
3Y 3Y
+33%
5Y 5Y
+37%
Annual Price Range
53.15
52w Low
41.32
52w High
53.15
Price Metrics
Average Annual Return 3.83%
Standard Deviation of Annual Returns 15.96%
Max Drawdown -41%

Company Profile

Progress Software Corp

Country

United States of America

Industry

Technology

Market Cap

2.3B USD

Dividend Yield

1.32%

Description

Progress Software Corp. is a global software company, which engages in the provision of a products that develops and deploys mission-critical business applications. The company is headquartered in Burlington, Massachusetts and currently employs 2,103 full-time employees. Its product category includes digital experience, Devops, Infrastructure Monitoring, UI/UX Tools, Secure File Transfer, Secure Data Connectivity and Integration, Mission- Critical App Platform and Intelligent Decisioning. Its services consist of consulting, education, modernization and outsourcing. Its products are sold as perpetual licenses and its cloud-based offerings use a subscription-based model. Its indirect channel partners are independent software vendors (ISVs), original equipment manufacturers (OEMs), distributors and resellers. The company operates in the North America and Latin America (the Americas), Europe, the Middle East and Africa (EMEA) and the Asia Pacific region, through local subsidiaries as well as independent distributors.

Contact

MASSACHUSETTS
Burlington
15 Wayside Rd, Suite 400
+17812804000.0
https://www.progress.com/

IPO

1991-07-30

Employees

2 103

Officers

CEO, Pres & Director
Mr. Yogesh K. Gupta
Exec. VP & CFO
Mr. Anthony Folger
Exec. VP & GM
Ms. Loren Weinberg Jarrett
Chief Accounting Officer
Mr. Domenic Lococo
Exec. VP & Chief Information Officer
Mr. Ian Pitt
Directory of Treasury & Investor Relations
Mr. Brian Flanagan
Show More
Exec. VP, Chief Legal Officer & Sec.
Ms. YuFan Wang
Exec. VP of Corp. Marketing
Ms. Jennifer Ortiz
Exec. VP of Corp. Devel.
Mr. Jeremy Segal
Exec. VP & Chief People Officer
Ms. Katie Kulikoski
Show Less

See Also

Similar Stocks
What is the Intrinsic Value of one PRGS stock?

The intrinsic value of one PRGS stock under the Base Case scenario is 51.82 USD.

Is PRGS stock undervalued or overvalued?

Compared to the current market price of 53.15 USD, Progress Software Corp is Overvalued by 2%.