Research Analysts Offer Predictions for PRGS Q1 Earnings

Progress Software Co. (NASDAQ:PRGS) – Research analysts at Wedbush issued their Q1 2026 earnings per share (EPS) estimates for Progress Software in a report issued on Wednesday, January 22nd. Wedbush analyst D. Ives anticipates that the software maker will post earnings of $1.23 per share for the quarter. The consensus estimate for Progress Software’s current full-year earnings is $4.59 per share. Wedbush also issued estimates for Progress Software’s Q3 2026 earnings at $1.16 EPS, Q4 2026 earnings at $1.43 EPS and FY2026 earnings at $4.89 EPS.

Other equities research analysts have also issued reports about the company. StockNews.com lowered Progress Software from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Citigroup lifted their price objective on shares of Progress Software from $65.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Guggenheim restated a “buy” rating and issued a $83.00 target price on shares of Progress Software in a research report on Friday, January 17th. DA Davidson reaffirmed a “buy” rating and set a $75.00 price target on shares of Progress Software in a report on Tuesday, January 21st. Finally, Oppenheimer increased their price objective on Progress Software from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.43.

Progress Software Trading Down 2.1 %

Shares of NASDAQ PRGS opened at $53.00 on Friday. Progress Software has a 12-month low of $48.00 and a 12-month high of $70.56. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 6.24 and a beta of 0.93. The company has a current ratio of 0.81, a quick ratio of 1.23 and a debt-to-equity ratio of 3.48. The stock’s 50 day simple moving average is $65.69 and its 200 day simple moving average is $62.39.

Institutional Investors Weigh In On Progress Software

Institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new position in shares of Progress Software during the 2nd quarter valued at $27,000. GAMMA Investing LLC grew its holdings in Progress Software by 76.7% during the third quarter. GAMMA Investing LLC now owns 1,117 shares of the software maker’s stock worth $75,000 after acquiring an additional 485 shares during the period. TD Private Client Wealth LLC raised its position in Progress Software by 19.3% in the third quarter. TD Private Client Wealth LLC now owns 1,863 shares of the software maker’s stock worth $126,000 after acquiring an additional 301 shares in the last quarter. Blue Trust Inc. raised its position in Progress Software by 23.2% in the fourth quarter. Blue Trust Inc. now owns 2,091 shares of the software maker’s stock worth $141,000 after acquiring an additional 394 shares in the last quarter. Finally, KBC Group NV lifted its holdings in Progress Software by 44.5% in the 4th quarter. KBC Group NV now owns 2,335 shares of the software maker’s stock valued at $152,000 after acquiring an additional 719 shares during the last quarter.

About Progress Software

Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers.