What is DA Davidson’s Forecast for PRGS FY2026 Earnings?

Progress Software Co. (NASDAQ:PRGS) – Analysts at DA Davidson issued their FY2026 EPS estimates for Progress Software in a research note issued on Wednesday, January 22nd. DA Davidson analyst L. Schreiner expects that the software maker will post earnings per share of $4.22 for the year. DA Davidson has a “Buy” rating and a $75.00 price objective on the stock. The consensus estimate for Progress Software’s current full-year earnings is $4.59 per share.

PRGS has been the topic of a number of other reports. Oppenheimer raised their price objective on shares of Progress Software from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Citigroup raised their price target 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. Jefferies Financial Group raised their price target on shares of Progress Software from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Guggenheim reissued a “buy” rating and set a $83.00 price target on shares of Progress Software in a research report on Friday, January 17th. Finally, StockNews.com lowered shares of Progress Software from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Progress Software presently has an average rating of “Moderate Buy” and a consensus target price of $72.43.

Progress Software Stock Down 2.1 %

Progress Software stock opened at $53.00 on Monday. Progress Software has a 1-year low of $48.00 and a 1-year high of $70.56. The firm has a market capitalization 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 firm’s fifty day moving average price is $65.69 and its two-hundred day moving average price is $62.46. The company has a current ratio of 0.81, a quick ratio of 1.23 and a debt-to-equity ratio of 3.48.

Hedge Funds Weigh In On Progress Software

Hedge funds have recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new position in Progress Software during the second quarter valued at approximately $27,000. GAMMA Investing LLC grew its stake in Progress Software by 76.7% during the third quarter. GAMMA Investing LLC now owns 1,117 shares of the software maker’s stock valued at $75,000 after acquiring an additional 485 shares in the last quarter. TD Private Client Wealth LLC grew its stake in Progress Software by 19.3% during the third quarter. TD Private Client Wealth LLC now owns 1,863 shares of the software maker’s stock valued at $126,000 after acquiring an additional 301 shares in the last quarter. Blue Trust Inc. lifted its position in Progress Software by 23.2% during the fourth quarter. Blue Trust Inc. now owns 2,091 shares of the software maker’s stock valued at $141,000 after purchasing an additional 394 shares during the last quarter. Finally, KBC Group NV lifted its position in Progress Software by 44.5% during the fourth quarter. KBC Group NV now owns 2,335 shares of the software maker’s stock valued at $152,000 after purchasing an additional 719 shares during the last quarter.

Progress Software Company Profile

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.