<div id="readability-page-1"><p>Progress Software Corporation (NASDAQ:PRGS - Get Free Report) has earned an average recommendation of &#34;Moderate Buy&#34; from the six brokerages that are  covering the company, Marketbeat Ratings reports. One equities research analyst  has rated the stock with a sell rating, one  has given a hold rating and four have issued  a buy rating on  the company. The average 12 month target price among brokerages that have covered the stock in the last year is $68.00.</p><div><p><span></span><span>Get <strong>Progress Software</strong> alerts:</span></p></div><ul><li>Progress Software: Making Progress Driven by the AI Revolution</li></ul><p>A number of research firms have recently issued reports on PRGS. Jefferies Financial Group cut their price target on shares of Progress Software from $60.00 to $50.00 and set a &#34;hold&#34; rating on the stock in a report on Tuesday, September 30th. DA Davidson  reissued a &#34;buy&#34; rating and set a $75.00 target price on shares of Progress Software in a research note on Tuesday, September 30th. Citigroup upgraded Progress Software from a &#34;neutral&#34; rating to a &#34;buy&#34; rating and set a $57.00 target price for the company in a report on Monday, October 13th. Wall Street Zen upgraded Progress Software from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a report on Friday, October 3rd. Finally, Weiss Ratings lowered Progress Software from a &#34;hold (c-)&#34; rating to a &#34;sell (d+)&#34; rating in a research report on Saturday, October 25th.</p><p><b>Check Out Our Latest Report on Progress Software</b></p><h2>Progress Software Stock Up 1.6%</h2><ul><li>Market Got It Wrong—Why Progress Software Deserves a Second Look</li></ul><p>Shares of Progress Software stock opened at $43.53 on Monday. Progress Software has a 12-month low of $39.00 and a 12-month high of $66.56. The firm has a market capitalization of $1.87 billion, a PE ratio of 39.57, a price-to-earnings-growth ratio of 1.91 and a beta of 0.64. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.22. The stock's fifty day moving average is $42.93 and its 200-day moving average is $46.60. </p><p>Progress Software (NASDAQ:PRGS - Get Free Report) last issued its quarterly earnings results on Monday, September 29th. The software maker reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.20. Progress Software had a return on equity of 43.68% and a net margin of 5.16%.The firm had revenue of $249.80 million for the quarter, compared to analysts' expectations of $240.11 million. During the same quarter last year, the business posted $1.26 EPS. Progress Software's revenue was up 39.8% on a year-over-year basis.  Equities analysts anticipate that  Progress Software will post 4.01 earnings per share for the current year. </p><h2>Insider Buying and Selling</h2><ul><li>Progress Software Stock Back in the Green After Beating Forecasts</li></ul><p>In other news, insider Yufan Stephanie Wang sold 1,428 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $46.26, for a total value of $66,059.28. Following the completion of the sale, the insider directly owned 668 shares of the company's stock, valued at $30,901.68. This represents a 68.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this link. Also, CFO Anthony Folger sold 5,474 shares of the stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $46.47, for a total transaction of $254,376.78. Following the completion of the sale, the chief financial officer owned 42,559 shares of the company's stock, valued at approximately $1,977,716.73. The trade was a 11.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 7,311 shares of company stock valued at $339,332 over the last three months. 3.60% of the stock is owned by insiders. </p><h2>Institutional Trading of Progress Software</h2><p>A number of institutional investors have recently bought and sold shares of PRGS. Russell Investments Group Ltd. grew its stake in shares of  Progress Software by 0.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 37,067 shares of the software maker's stock valued at $2,366,000 after buying an additional 241 shares in the last quarter.  F m Investments LLC grew its position in  Progress Software by 0.5% in the second quarter. F m Investments LLC now owns 54,408 shares of the software maker's stock worth $3,473,000 after acquiring an additional 271 shares in the last quarter.  California State Teachers Retirement System increased its stake in shares of  Progress Software by 0.8% during the 2nd quarter. California State Teachers Retirement System now owns 39,639 shares of the software maker's stock worth $2,531,000 after purchasing an additional 333 shares during the last quarter.  Integrated Investment Consultants LLC raised its holdings in shares of  Progress Software by 4.7% during the 2nd quarter. Integrated Investment Consultants LLC now owns 8,257 shares of the software maker's stock valued at $527,000 after purchasing an additional 372 shares in the last quarter.  Finally, Meritage Portfolio Management lifted its stake in shares of  Progress Software by 2.5% in the 2nd quarter. Meritage Portfolio Management now owns 15,302 shares of the software maker's stock valued at $977,000 after purchasing an additional 375 shares during the last quarter. </p><h2>Progress Software Company Profile</h2> (Get Free Report)<p>Progress Software <span>NASDAQ: PRGS<span></span></span> is a global provider of enterprise software designed to simplify and accelerate the delivery of business applications. The company's offerings span digital experience management, application development and deployment, data connectivity and integration, and predictive analytics. Progress supports organizations in building, deploying, and managing mission-critical applications across on-premises, cloud and hybrid environments, helping to reduce development complexity and operational overhead.  </p><p>Key products in Progress's portfolio include Progress OpenEdge, a robust development and database platform for building transactional applications; Progress DataDirect, which enables high-performance connectivity to disparate data sources; Progress Sitefinity, a digital experience platform for content management and personalization; Progress Telerik, a suite of UI controls and developer tools; and Progress Kinvey, a serverless backend platform for mobile and web applications.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Progress Software</li><li>Do not delete, read immediately</li><li>How the Rich Retire</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>How Long Will $1M Last in Retirement?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UFJHUw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UFJHUw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Progress Software Right Now?</h2><p>Before you consider Progress Software, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Progress Software wasn't on the list.</p><p>While Progress Software currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PRGS

<p>Progress Software Corporation (NASDAQ:PRGS) has received a consensus recommendation of "Moderate Buy" from six brokerages. Analysts have issued various ratings, with one sell, one hold, and four buy ratings. The average target price is $68.00. Recent reports include Jefferies lowering its target to $50.00, while DA Davidson set a target of $75.00. The stock opened at $43.53, with a 12-month high of $66.56. Progress Software reported $1.50 EPS, exceeding estimates, and revenue of $249.80 million, up 39.8% year-over-year. Insider trading activity has also been noted.</p>

Progress Software Corporation (NASDAQ:PRGS) Given Consensus Recommendation of "Moderate Buy" by Analysts