Progress Software (PRGS) to Release Quarterly Earnings on Monday

Progress Software (NASDAQ:PRGS) is anticipated to announce its Q1 2026 results after the market closes on Monday, March 30th. Analysts expect Progress Software to post earnings of $1.57 per share and revenue of $246.4010 million for the quarter. Progress Software has set its FY 2026 guidance at 1.74-1.910 EPS and its Q1 2026 guidance at 1.56-1.62 EPS. Investors may review the information on the company’s upcoming Q1 2026 earning report for the latest details on the call scheduled for Monday, March 30, 2026 at 5:00 PM ET.

Progress Software (NASDAQ:PRGS) last posted its quarterly earnings results on Tuesday, January 20th. The software maker reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.20. Progress Software had a return on equity of 43.90% and a net margin of 7.48%.The company had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.86 million. During the same quarter in the prior year, the company earned $1.33 EPS. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. On average, analysts expect Progress Software to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Progress Software Trading Down 5.1%

Shares of Progress Software stock opened at $27.67 on Friday. The stock has a market capitalization of $1.16 billion, a P/E ratio of 16.67, a P/E/G ratio of 1.22 and a beta of 0.57. Progress Software has a 52-week low of $26.85 and a 52-week high of $65.50. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.49 and a current ratio of 0.49. The stock’s 50-day simple moving average is $37.90 and its 200 day simple moving average is $41.28.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PRGS. Jefferies Financial Group reduced their target price on shares of Progress Software from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, January 5th. DA Davidson dropped their price target on shares of Progress Software from $70.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday. Citigroup raised their price objective on shares of Progress Software from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Wedbush reduced their price objective on shares of Progress Software from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, January 22nd. Finally, Weiss Ratings cut shares of Progress Software from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 13th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.60.

Insider Activity

In other news, EVP Sundar Subramanian sold 1,600 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $38.28, for a total value of $61,248.00. Following the sale, the executive vice president directly owned 15,542 shares of the company’s stock, valued at approximately $594,947.76. This represents a 9.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Anthony Folger sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $40.00, for a total transaction of $240,000.00. Following the completion of the transaction, the chief financial officer owned 48,802 shares of the company’s stock, valued at $1,952,080. This trade represents a 10.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 30,546 shares of company stock worth $1,171,546. Company insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Progress Software by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,139,309 shares of the software maker’s stock worth $50,044,000 after purchasing an additional 20,669 shares during the period. Geode Capital Management LLC raised its position in shares of Progress Software by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 1,081,487 shares of the software maker’s stock worth $46,468,000 after buying an additional 6,095 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Progress Software by 2.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 931,070 shares of the software maker’s stock valued at $39,999,000 after buying an additional 24,659 shares during the period. Goldman Sachs Group Inc. boosted its stake in Progress Software by 75.6% during the first quarter. Goldman Sachs Group Inc. now owns 560,943 shares of the software maker’s stock valued at $28,894,000 after buying an additional 241,515 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Progress Software by 11.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 558,855 shares of the software maker’s stock worth $24,008,000 after buying an additional 59,649 shares in the last quarter.

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.