Integrated Investment Consultants LLC Has $203,000 Holdings in Progress Software Corporation $PRGS

Integrated Investment Consultants LLC decreased its position in shares of Progress Software Corporation (NASDAQ:PRGS) by 62.3% in the 1st quarter, HoldingsChannel reports. The firm owned 7,927 shares of the software maker’s stock after selling 13,097 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Progress Software were worth $203,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PRGS. Geneos Wealth Management Inc. acquired a new position in shares of Progress Software in the 1st quarter valued at approximately $26,000. Parallel Advisors LLC boosted its position in shares of Progress Software by 142.0% during the 1st quarter. Parallel Advisors LLC now owns 1,113 shares of the software maker’s stock worth $29,000 after acquiring an additional 653 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Progress Software by 194.1% in the fourth quarter. Hantz Financial Services Inc. now owns 747 shares of the software maker’s stock valued at $32,000 after acquiring an additional 493 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in Progress Software in the fourth quarter valued at approximately $42,000. Finally, Advisors Asset Management Inc. raised its position in Progress Software by 135.1% during the first quarter. Advisors Asset Management Inc. now owns 1,051 shares of the software maker’s stock valued at $54,000 after purchasing an additional 604 shares in the last quarter.

Wall Street Analyst Weigh In

PRGS has been the subject of several recent analyst reports. Oppenheimer cut their target price on Progress Software from $57.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, July 1st. DA Davidson lifted their price target on Progress Software from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Progress Software in a report on Tuesday, July 14th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Progress Software in a research note on Wednesday, July 1st. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Progress Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.50.

Progress Software Price Performance

Shares of NASDAQ:PRGS opened at $40.59 on Monday. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 1.70 and a beta of 0.80. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $34.81 and a 200 day simple moving average of $34.32. Progress Software Corporation has a one year low of $23.82 and a one year high of $49.27.

Progress Software (NASDAQ:PRGS) last posted its earnings results on Tuesday, June 30th. The software maker reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.16. The firm had revenue of $253.47 million for the quarter, compared to analysts’ expectations of $242.74 million. Progress Software had a net margin of 8.87% and a return on equity of 43.07%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 earnings per share. Progress Software has set its FY 2026 guidance at 6.090-6.210 EPS and its Q3 2026 guidance at 1.530-1.590 EPS. Research analysts predict that Progress Software Corporation will post 4.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Progress Software

In related news, EVP Sundar Subramanian sold 10,597 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $38.27, for a total transaction of $405,547.19. Following the sale, the executive vice president owned 18,370 shares in the company, valued at $703,019.90. The trade was a 36.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.10% of the stock is currently owned by company insiders.

Progress Software Company Profile

Progress Software (NASDAQ: PRGS) 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.

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.