| Market cap | $2.22B |
|---|---|
| Enterprise value | $2.78B |
| Revenue | $714.898M |
|---|---|
| EBITDA | $229.394M |
| Income | $69.162M |
| Revenue Q/Q | 12.46% |
| Revenue Y/Y | 15.06% |
| P/E | 30.80 |
|---|---|
| Forward P/E | 10.98 |
| EV/Sales | 3.88 |
| EV/EBITDA | 12.10 |
| EV/EBIT | 25.32 |
| PEG | 5.89 |
| Price/Sales | 3.11 |
| P/FCF | 11.57 |
| Price/Book | 4.84 |
| Book/Share | 10.13 |
| Cash/Share | 2.80 |
| FCF yield | 8.64% |
| Volume | 960.294k / 505.422k |
|---|---|
| Relative vol. | 1.90 × |
| EPS | 1.59 |
|---|---|
| EPS Q/Q | -15.25% |
| Est. EPS Q/Q | 18.48% |
| Profit margin | 10.11% |
|---|---|
| Oper. margin | 15.38% |
| Gross margin | 81.77% |
| EBIT margin | 15.33% |
| EBITDA margin | 32.09% |
| Ret. on assets | 4.36% |
|---|---|
| Ret. on equity | 15.50% |
| ROIC | 7.33% |
| ROCE | 8.87% |
| Debt/Equity | 2.49 |
|---|---|
| Net debt/EBITDA | 11.03 |
| Current ratio | 0.95 |
| Quick ratio | 0.95 |
| Volatility | 1.53% |
|---|---|
| Beta | 0.80 |
| RSI | 36.84 |
|---|
| Insider ownership | N/A |
|---|---|
| Inst. ownership | N/A |
| Shares outst. | 43.218M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 9.09% |
| Short ratio | 7.33 |
| Dividend | $0.70 |
|---|---|
| Dividend yield | 1.43% |
| Payout ratio | 44.03% |
| Payment date | N/A |
| Ex-dividend date | N/A |
| Earnings date | 25 Jun 2024 |
Friday, 2 February 2024
|
|
| Progress Software Corp CFO Anthony Folger Sells 15,000 Shares | |
Sunday, 26 November 2023
|
|
| What Is Progress Software Corporation's Share Price Doing? | |
Wednesday, 8 November 2023
|
|
| Should You Invest in Progress Software Corporation ? | |
Monday, 9 October 2023
|
|
| ‘A Massive Rally Ahead’: Daniel Ives Says Buy Tech Stocks Into Year-End — Here Are 2 Names That He Likes Right Now | |
Saturday, 30 September 2023
|
|
| Progress Software Is Paying Out A Dividend Of $0.175 | |
Thursday, 17 August 2023
|
|
| Third-Party Cyber Risk Management Primer: Aug 2023 Update | |
Tuesday, 8 August 2023
|
|
| Analysis-MOVEit hack spawned around 600 breaches but isn't done yet - cyber analysts | |
Monday, 24 July 2023
|
|
| 1st Source says 450,000 records affected in client data breach | |
Saturday, 22 July 2023
|
|
| Progress Software's Dividend Will Be $0.175 | |
Tuesday, 4 July 2023
|
|
| Progress Software Has Announced A Dividend Of $0.175 | |
Sunday, 2 July 2023
|
|
| Progress Software Corporation Q2 2023 Earnings Call Transcript | |
Tuesday, 20 June 2023
|
|
| What The Board Needs To Know | |
Thursday, 1 June 2023
|
|
| UPDATE 1-Hackers use flaw in popular file transfer tool to steal data, researchers say | |
| Hackers use flaw in popular file transfer tool to steal data, U.S. researchers say | |
Wednesday, 18 January 2023
|
|
| Progress Software Corporation Q4 2022 Earnings Call Transcript | |
Tuesday, 17 January 2023
|
|
| Progress Software stock weakens on mixed quarter, outlook | |
Tuesday, 27 September 2022
|
|
| Progress Software Q3 2022 Earnings Call Transcript | |
| Progress Software's Charts Aren't Making Progress in Advance of Earnings | |
Friday, 1 July 2022
|
|
| Europe Won’t Be the ‘Crypto Wild West’ Anymore. New EU Rules Rein in Stablecoins. | |
Tuesday, 10 May 2022
|
|
| An Intrinsic Calculation For Progress Software Corporation Suggests It's 46% Undervalued | |
Monday, 2 May 2022
|
|
| Dow Jones Gains As 10-Year Yield Hits 3%; These Warren Buffett Stocks Spike; Leader Hit By Surprise Move | |
Monday, 31 January 2022
|
|
| D.a. Davidson & Co. Buys Vanguard Short-Term Corporate Bond ETF, SPDR SSgA Multi-Asset Real ... | |
Wednesday, 19 January 2022
|
|
| Progress Software Q4 2021 Earnings Call Transcript | |
Friday, 17 December 2021
|
|
| Jefferies Group LLC Buys Fortress Transportation and Infrastructure Investo, Cedar Fair LP, ... | |
| Insider |
Trans.
Transaction
|
Total value |
|---|---|---|
| Anthony Folger Chief Financial Officer | Sale 3 Jun 2024 | $190,234 |
| Kathryn Kulikoski Chief People Officer | Sale 15 May 2024 | $331,143 |
| John Ainsworth EVP/GM App and Data Platform | Sale 14 May 2024 | $1,563,100 |
| Yufan Stephanie Wang Chief Legal Officer | Sale 6 May 2024 | $39,472 |
| Sundar Subramanian EVP/GM Infrastructure Mgmt | Sale 30 Apr 2024 | $29,136 |
| David Krall Director | Sale 11 Apr 2024 | $1,020,000 |
| Domenic Lo Coco Chief Accounting Officer | Option 1 Apr 2024 | $82,020 |
| Yogesh K Gupta Chief Executive Officer | Sale 1 Apr 2024 | $2,669,452 |
| Yufan Stephanie Wang Chief Legal Officer | Option 1 Apr 2024 | $80,753 |
| Loren Jarrett EVP/GM Digital Experience | Option 1 Apr 2024 | $170,479 |
| Sundar Subramanian EVP/GM Infrastructure Mgmt | Option 1 Apr 2024 | $170,479 |
Powered by
Robintrack.
Price target
Current $48.97
Average $46.67
Low $43
High $52
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +0.00% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 1.43% | Growth period | 7 years |
| Last dividend date | Yield 3 years | 1.37% | Growth 3 years | +1.47% | |
| Last dividend | Yield 5 years | 1.41% | Growth 5 years | +4.01% |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| Yogesh Gupta (59) President, Chief Executive Officer, and Director since 2016 | 59 | 2016 | $4,914,830 |
| Gary Quinn (59) Senior Vice President and Core Field Organization since 2017 | 59 | 2017 | $1,358,120 |
| Stephen Faberman (50) Chief Legal Counsel since 2015 | 50 | 2015 | $1,313,300 |
| John Ainsworth (55) Senior Vice President and Products - Core since 2017 | 55 | 2017 | $1,248,260 |
| Loren Jarrett (45) Senior Vice President, General Manager, and Developer Tooling since 2019 | 45 | 2019 | $1,248,260 |
| Yogesh K. Gupta (60) CEO, Pres, and Director | 60 | $1,130,683 | |
| Gary Quinn (60) Exec. VP of Enterprise Application Experience Field Organization | 60 | $672,600 | |
| Anthony Folger (49) Exec. VP and CFO | 49 | $592,429 | |
| Loren Weinberg Jarrett (46) Exec. VP and GM of Developer Tools Bus. | 46 | $560,867 | |
| John Ainsworth (56) Exec. VP of Enterprise Application Experience Products | 56 | $559,922 | |
| John Egan (62) Independent Non-Executive Chairman of the Board since 2012 | 62 | 2012 | $317,808 |
| Charles Kane (62) Independent Director since 2006 | 62 | 2006 | $282,808 |
| Rainer Gawlick (52) Independent Director since 2017 | 52 | 2017 | $282,808 |
| Samskriti King (46) Independent Director since 2018 | 46 | 2018 | $280,308 |
| David Krall (59) Independent Director since 2008 | 59 | 2008 | $272,808 |
| Angela Tucci (53) Independent Director since 2018 | 53 | 2018 | $262,808 |
| Paul Dacier (62) Independent Director since 2017 | 62 | 2017 | $260,308 |
| Vivian Vitale (65) Independent Director since 2019 | 65 | 2019 | $4,167 |
| Brian Flanagan | 2016 | ||
| Jennifer Ortiz (43) Vice President - Corporate Marketing since 2019 | 43 | 2019 | |
| Anthony Murphy (49) Chief Information Officer and Chief Information Security Officer since 2017 | 49 | 2017 | |
| Jeremy Segal | 2020 | ||
| Sundar Subramanian (42) Senior Vice President and General Manager - Incubation Products since 2019 | 42 | 2019 | |
| Katie Kulikoski (43) Chief People Officer since 2019 | 43 | 2019 | |
| Anthony Folger (47) Chief Financial Officer since 2020 | 47 | 2020 | |
| YuFan Wang | |||
| Katie Kulikoski (44) Exec. VP and Chief People Officer | 44 | ||
| Jeremy Segal (50) Exec. VP of Corp. Devel. | 50 | ||
| Stephen H. Faberman (51) Exec. VP, Chief Legal Officer, and Sec. | 51 | ||
| Ian Pitt (53) Exec. VP and Chief Information Officer | 53 | ||
| Domenic Lococo |
progress software corporation (nasdaq: prgs) is a global software company that simplifies the development, deployment and management of business applications on-premise or on any cloud, on any platform and on any device with minimal it complexity and low total cost of ownership. over 400,000 end-user customers globally run on progress openedge-based applications, and more than 1,400 isvs around the world are powered by progress software. global headquarters 14 oak park drive bedford, ma 01730 usa +781-280-4000
- Technology > Application Software
- Progress Software Corp., 15 Wayside Road, Burlington 01803, United States
- 781 280 4000
- Investor relations
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +0.00% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 1.43% | Growth period | 7 years |
| Last dividend date | Yield 3 years | 1.37% | Growth 3 years | +1.47% | |
| Last dividend | Yield 5 years | 1.41% | Growth 5 years | +4.01% |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $133.222 | $126.958 | |||
| Short term investments | |||||
| Net receivables | $151.627 | $184.163 | |||
| Inventory | |||||
| Total current assets | $297.256 | $330.788 | |||
| Long term investments | |||||
| Property, plant & equipment | $29.399 | $33.936 | |||
| Goodwill & intangible assets | $1,160.815 | $1,186.379 | |||
| Total noncurrent assets | $1,250.513 | $1,271.995 | |||
| Total investments | |||||
| Total assets | $1,547.769 | $1,602.783 | |||
| Current liabilities | |||||
| Accounts payable | $18.356 | $20.747 | |||
| Deferred revenue | $296.133 | $295.036 | |||
| Short long term debt | $9.821 | $23.223 | |||
| Total current liabilities | $312.208 | $352.118 | |||
| Long term debt | $702.47 | $723.883 | |||
| Total noncurrent liabilities | $773.818 | $790.95 | |||
| Total debt | $712.291 | $747.106 | |||
| Total liabilities | $1,086.026 | $1,143.068 | |||
| Stockholders' equity | |||||
| Retained earnings | $123.429 | $120.858 | |||
| Other stockholder equity | -$34.396 | -$32.16 | |||
| Total stockholder equity | $461.743 | $459.715 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $126.958 | $256.277 | ||
| Short term investments | ||||
| Net receivables | $184.163 | $166.928 | ||
| Inventory | ||||
| Total current assets | $330.788 | $426.053 | ||
| Long term investments | ||||
| Property, plant & equipment | $33.936 | $32.501 | ||
| Goodwill & intangible assets | $1,186.379 | $888.392 | ||
| Total noncurrent assets | $1,271.995 | $985.426 | ||
| Total investments | ||||
| Total assets | $1,602.783 | $1,411.479 | ||
| Current liabilities | ||||
| Accounts payable | $20.747 | $17.397 | ||
| Deferred revenue | $295.036 | $282.44 | ||
| Short long term debt | $23.223 | $13.705 | ||
| Total current liabilities | $352.118 | $318.004 | ||
| Long term debt | $723.883 | $626.886 | ||
| Total noncurrent liabilities | $790.95 | $694.971 | ||
| Total debt | $747.106 | $640.591 | ||
| Total liabilities | $1,143.068 | $1,012.975 | ||
| Stockholders' equity | ||||
| Retained earnings | $120.858 | $101.656 | ||
| Other stockholder equity | -$32.16 | -$35.235 | ||
| Total stockholder equity | $459.715 | $398.504 | ||
Income statement
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $184.685 | $176.97 | |||
| Cost of revenue | $32.809 | $33.663 | |||
| Gross profit | $151.876 | $143.307 | |||
| Operating activities | |||||
| Research & development | $34.988 | $34.005 | |||
| Selling, general & administrative | $60.455 | $65.674 | |||
| Total operating expenses | $116.87 | $120.77 | |||
| Operating income | $35.006 | $22.537 | |||
| Income from continuing operations | |||||
| EBIT | $34.951 | $22.058 | |||
| Income tax expense | $4.968 | -$1.163 | |||
| Interest expense | $7.344 | $7.886 | |||
| Net income | |||||
| Net income | $22.639 | $15.335 | |||
| Income (for common shares) | $22.639 | $15.335 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $694.439 | $602.013 | ||
| Cost of revenue | $126.577 | $94.496 | ||
| Gross profit | $567.862 | $507.517 | ||
| Operating activities | ||||
| Research & development | $132.401 | $114.568 | ||
| Selling, general & administrative | $239.233 | $218.636 | ||
| Total operating expenses | $457.339 | $375.386 | ||
| Operating income | $110.523 | $132.131 | ||
| Income from continuing operations | ||||
| EBIT | $110.437 | $133.045 | ||
| Income tax expense | $9.46 | $22.186 | ||
| Interest expense | $30.78 | $15.79 | ||
| Net income | ||||
| Net income | $70.197 | $95.069 | ||
| Income (for common shares) | $70.197 | $95.069 | ||
Cash flows
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Net income | $22.639 | $15.335 | |||
| Operating activities | |||||
| Depreciation | $5.848 | $4.09 | |||
| Business acquisitions & disposals | |||||
| Stock-based compensation | $12.464 | $10.418 | |||
| Total cash flows from operations | $70.504 | $33.161 | |||
| Investing activities | |||||
| Capital expenditures | -$0.309 | -$2.389 | |||
| Investments | |||||
| Total cash flows from investing | -$0.309 | -$2.389 | |||
| Financing activities | |||||
| Dividends paid | -$8.171 | -$7.885 | |||
| Sale and purchase of stock | -$14.917 | $1.621 | |||
| Net borrowings | -$33.437 | -$31.718 | |||
| Total cash flows from financing | -$62.415 | -$42.258 | |||
| Effect of exchange rate | -$1.516 | $0.445 | |||
| Change in cash and equivalents | $6.264 | -$11.041 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Net income | $70.197 | $95.069 | ||
| Operating activities | ||||
| Depreciation | $15.738 | $12.783 | ||
| Business acquisitions & disposals | -$355.25 | |||
| Stock-based compensation | $40.529 | $37.094 | ||
| Total cash flows from operations | $173.92 | $192.16 | ||
| Investing activities | ||||
| Capital expenditures | -$5.57 | $19.908 | ||
| Investments | $0.438 | $1.95 | ||
| Total cash flows from investing | -$360.382 | $21.992 | ||
| Financing activities | ||||
| Dividends paid | -$31.554 | -$31.063 | ||
| Sale and purchase of stock | -$8.006 | -$60.876 | ||
| Net borrowings | $103.125 | -$1.66 | ||
| Total cash flows from financing | $51.188 | -$101.423 | ||
| Effect of exchange rate | $5.955 | -$11.858 | ||
| Change in cash and equivalents | -$129.319 | $100.871 | ||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2024 Q1 | Toronto Dominion Bank |
Opened
|
3,000,000 | $3,117,090 |
| 2024 Q1 | Paradice Investment Management |
-74.76%
|
274,275 | $14,621,600 |
| 2024 Q1 | Fmr |
+1,783.97%
|
829,285 | $44,209,189 |
| 2024 Q1 | Allspring Global Investments |
+78.97%
|
708,324 | $37,760,752 |
| 2024 Q1 | Schroder Investment Management Group |
-79.53%
|
79,322 | $4,228,656 |
| 2024 Q1 | Deutsche Bank Ag\ |
+77.51%
|
687,534 | $36,652,437 |
| 2024 Q1 | Bank Of New York Mellon Corp |
-34.04%
|
510,963 | $27,239,444 |
| 2024 Q1 | Wells Fargo & Company/mn |
+616.80%
|
267,889 | $14,281,164 |
| 2024 Q1 | Nomura Holdings Inc |
+29.04%
|
836,288 | $44,582,513 |
| 2024 Q1 | Bank Of America Corp de/ |
+45.68%
|
594,241 | $31,678,987 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Blackrock | 17.09% | 7,384,694 | |
| Putnam Investments | 17.00% | 7,346,577 | |
| Vanguard Group Inc | 12.72% | 5,496,755 | |
| Toronto Dominion Bank | 6.94% | 3,000,000 | |
| Boston Trust Walden Corp | 4.10% | 1,773,797 | |
| State Street Corp | 3.98% | 1,721,963 | |
| Morgan Stanley | 3.73% | 1,612,598 | |
| Dimensional Fund Advisors L.P. | 3.18% | 1,374,907 | |
| Fuller & Thaler Asset Management, Inc | 2.74% | 1,183,017 | |
| Wellington Management Group LL.P. | 2.60% | 1,125,766 |
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