Q3 Earnings Forecast for PRGS Issued By DA Davidson
Posted by MarketBeat News on Jul 3rd, 2025 Progress Software Corporation (NASDAQ:PRGS – Free Report) – Stock analysts at DA Davidson issued their Q3 2025 EPS estimates for shares of Progress Software in a research note issued to investors on Tuesday, July 1st. DA Davidson analyst L. Schreiner forecasts that the software maker will post earnings per share of $1.01 for the quarter. DA Davidson currently has a “Buy” rating and a $75.00 target price on the stock. The consensus estimate for Progress Software’s current full-year earnings is $4.01 per share. Progress Software (NASDAQ:PRGS – Get Free Report) last issued its earnings results on Monday, June 30th. The software maker reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.10. Progress Software had a net margin of 6.63% and a return on equity of 43.72%. The company had revenue of $237.36 million for the quarter, compared to analysts’ expectations of $237.23 million. During the same quarter last year, the company posted $1.09 earnings per share. The firm’s quarterly revenue was up 35.6% on a year-over-year basis. A number of other research analysts also recently weighed in on PRGS. Wedbush reissued an “outperform” rating and issued a $75.00 target price on shares of Progress Software in a report on Friday, June 27th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Progress Software in a research report on Friday, June 27th. Guggenheim reissued a “buy” rating and issued a $83.00 price objective on shares of Progress Software in a report on Friday, June 27th. Finally, Citigroup restated a “neutral” rating on shares of Progress Software in a research report on Friday, June 27th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $75.17. Read Our Latest Stock Analysis on Progress Software Progress Software Price Performance NASDAQ PRGS opened at $53.90 on Wednesday. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 41.15, a PEG ratio of 2.66 and a beta of 0.68. Progress Software has a 1-year low of $50.68 and a 1-year high of $70.56. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.43 and a quick ratio of 0.79. The business’s fifty day moving average price is $61.88 and its 200-day moving average price is $59.66. Hedge Funds Weigh In On Progress Software A number of hedge funds have recently modified their holdings of PRGS. Vanguard Group Inc. raised its position in shares of Progress Software by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,855,525 shares of the software maker’s stock valued at $381,487,000 after purchasing an additional 45,246 shares during the period. Geode Capital Management LLC increased its stake in Progress Software by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,013,411 shares of the software maker’s stock worth $66,039,000 after buying an additional 4,927 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Progress Software by 15.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 963,730 shares of the software maker’s stock valued at $49,642,000 after acquiring an additional 125,345 shares during the period. Invesco Ltd. lifted its position in shares of Progress Software by 0.7% in the fourth quarter. Invesco Ltd. now owns 802,523 shares of the software maker’s stock valued at $52,284,000 after acquiring an additional 5,474 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Progress Software by 11.6% in the fourth quarter. Deutsche Bank AG now owns 789,109 shares of the software maker’s stock valued at $51,410,000 after acquiring an additional 82,156 shares in the last quarter. Insider Transactions at Progress Software In other news, insider Ian Pitt sold 703 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $56.29, for a total value of $39,571.87. Following the transaction, the insider owned 8,317 shares of the company’s stock, valued at $468,163.93. This trade represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Yufan Stephanie Wang sold 1,428 shares of the business’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $58.27, for a total value of $83,209.56. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock. Progress Software Company Profile (Get Free Report) 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. 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