Segall Bryant & Hamill LLC Buys 104,611 Shares of Progress Software Corporation $PRGS

Segall Bryant & Hamill LLC increased its stake in shares of Progress Software Corporation (NASDAQ:PRGS) by 19.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 643,145 shares of the software maker’s stock after buying an additional 104,611 shares during the quarter. Segall Bryant & Hamill LLC owned 1.50% of Progress Software worth $28,253,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC bought a new position in shares of Progress Software during the second quarter valued at $41,000. Osaic Holdings Inc. increased its position in shares of Progress Software by 183.0% during the 2nd quarter. Osaic Holdings Inc. now owns 985 shares of the software maker’s stock worth $62,000 after purchasing an additional 637 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Progress Software by 135.1% during the 1st 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 during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Progress Software by 2,366.7% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,776 shares of the software maker’s stock valued at $113,000 after buying an additional 1,704 shares in the last quarter. Finally, State of Wyoming bought a new stake in Progress Software during the second quarter worth about $137,000.

Insiders Place Their Bets

In other news, EVP Sundar Subramanian sold 1,352 shares of the firm’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $42.37, for a total value of $57,284.24. Following the transaction, the executive vice president directly owned 29,066 shares in the company, valued at $1,231,526.42. This trade represents a 4.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Anthony Folger sold 6,000 shares of Progress Software stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $40.00, for a total value of $240,000.00. Following the sale, the chief financial officer directly owned 48,802 shares of the company’s stock, valued at approximately $1,952,080. This trade represents a 10.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on PRGS shares. DA Davidson reissued a “buy” rating and issued a $70.00 target price on shares of Progress Software in a report on Wednesday, February 4th. Wedbush cut their price objective on Progress Software from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday, January 22nd. Jefferies Financial Group reduced their price objective on Progress Software from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Monday, January 5th. Weiss Ratings upgraded Progress Software from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 25th. Finally, Citigroup raised their target price on Progress Software from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $64.60.

Progress Software Stock Performance

Progress Software stock opened at $38.56 on Tuesday. The company has a market cap of $1.62 billion, a PE ratio of 23.23, a PEG ratio of 1.84 and a beta of 0.57. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 2.18. Progress Software Corporation has a 1 year low of $34.57 and a 1 year high of $65.50. The company’s 50-day moving average is $41.06 and its two-hundred day moving average is $42.74.

Progress Software (NASDAQ:PRGS) last issued its quarterly earnings results on Tuesday, January 20th. The software maker reported $1.51 EPS for the quarter, topping the consensus estimate of $1.31 by $0.20. Progress Software had a net margin of 7.48% and a return on equity of 43.90%. The company had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $252.86 million. During the same quarter in the previous year, the company earned $1.33 EPS. Progress Software’s revenue was up 17.5% on a year-over-year basis. 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. Equities analysts anticipate that Progress Software Corporation will post 4.01 earnings per share for the current year.

Progress Software 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.