Inside the research

Progress Software Corporation

PRGS Research profile · latest available data

Price overview

$39.34

▼ -0.89 (-2.2%)

52w hi$46.87
52w lo$25.09
Vol375.20K
As of25 Sep 2026

The Verdict

Strong Buy

Our score +3.55

Short+6.30
Medium+2.16
Long+0.81

computed 2026-09-27

Key fundamentals

Progress Software Corporation

Technology · Software - Infrastructure

Market cap$1.61B
Enterprise value$2.84B
Trailing P/E19.10x
Forward P/E6.10x
EV / EBITDA8.50x
P / S (ttm)1.61x
Profit margin8.9%
Return on equity18.6%
Revenue growth+6.8%
Earnings growth+28.2%
Debt / equity262.16

Layer Breakdown

LayerRawContribution
Fundamental+0.29
Sector+0.19
Technical+0.25
Earnings+0.89
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Agentic RAG, a next-generation Agentic Rag-as-a-Service platform; Automate MFT, a cloud-native Software-as-a-Service (SaaS) platform for automated and secure file transfers; Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platform; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data, and SaaS data sources; Developer Tools, such as software development tooling collection, including NET and JavaScript UI components for web, desktop and mobile applications, AI-prompt components, reporting and report management tools, and automated testing and mocking tools; Flowmon, a AI-powered network security and visibility product with automated response across hybrid cloud ecosystems; and Kemp LoadMaster, an application delivery and security product for cloud-native, and virtual and hardware load balancers. It also provides MarkLogic, a data agility platform to connect data and metadata; MOVEit, a managed file transfer software; OpenEdge, an application development platform; Semaphore, a Semantic AI platform; ShareFile, an SaaS-native AI-powered document centric collaboration platform; Sitefinity, a digital experience platform foundation; and WhatsUp Gold, a network infrastructure monitoring software to find and fix network problems. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications, and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.

United States · www.progress.com

Risk Metrics

Beta vs SPX0.67
Corr SPX0.24
Annual vol45.4%
Annual ret-8.8%
Sharpe-0.19
Max DD-64.1%

Window: 504 trading days (504 obs)

Material Events

DateEvent8-K
2026-07-22Material Agreement, Earnings Release…read
2026-06-30Earnings Release, Reg FD Disclosure…read
2026-05-11Shareholder Voteread
2026-03-30Earnings Release, Reg FD Disclosure…read
2026-01-20Earnings Release, Reg FD Disclosure…read
2025-09-29Earnings Release, Reg FD Disclosure…read
2025-07-22Material Agreement, Termination of Agreement…read
2025-06-30Earnings Release, Reg FD Disclosure…read
2025-05-09Shareholder Voteread
2025-03-31Earnings Release, Reg FD Disclosure…read
2025-01-21Earnings Release, Reg FD Disclosure…read
2024-10-31Acquisition / Disposition, Reg FD Disclosure…read

Insider Trades

DateInsiderRoleActionSharesValue
2026-07-29Jarrett LorenEVP/GM Digital ExperienceSell9.96K$414.76K
2026-07-29Jarrett LorenEVP/GM Digital ExperienceSell1.78K$74.02K
2026-07-02DACIER PAUL TGrant5.86K$225.03K
2026-07-02Gawlick RainerGrant5.86K$225.03K
2026-07-02EGAN JOHN RGrant5.86K$225.03K
2026-07-02VITALE VIVIAN MGrant5.86K$225.03K
2026-07-02Tucci AngelaGrant5.86K$225.03K
2026-07-02Kane Charles FrancisGrant5.86K$225.03K
2026-07-02KRALL DAVIDGrant5.86K$225.03K
2026-07-02King SamskritiGrant5.86K$225.03K

Flow & Concentration

Insider 180d net-$894.33K
Insider buys / sells0 / 3
Insider biasNeutral
13F holders6
Top-5 share100.0%
HHI4,690 (concentrated)

Top Holders

HolderValueShares
AQR Capital Management$35.00M1.04M
State Street Corp$11.53M11.87M
Fidelity / FMR LLC$4.66M4.88M
Citadel Advisors$3.23M96.08K
Capital Research / Capital World$21.04K22.00K
T. Rowe Price Group$1.96K58.22K

As of 2026-06-30

SEC Filings

DateFormDoc
2026-07-304view
2026-07-228-Kview
2026-07-064view
2026-07-064view
2026-07-064view
2026-07-064view
2026-07-064view
2026-07-064view
2026-07-064view
2026-07-064view
2026-07-064view
2026-06-3010-Qview
2026-06-308-Kview
2026-05-204view
2026-05-204view

The Long Run

FY 2010–2025 · 16 years

LineLatestCAGRTrend
Revenue$753.41M+2.6%
Gross profit$622.93M+2.5%
Operating income$110.52M+5.3%
Net income$70.20M+2.8%
Cash from ops$235.19M+6.8%

Indices

S&P SmallCap 600

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$40.16$40.77$39.31$39.34375.20K
Sep 24$41.35$42.25$39.95$40.23407.80K
Sep 23$40.74$41.32$40.13$41.03315.40K
Sep 22$41.14$41.23$39.57$40.62470.60K
Sep 21$40.25$40.63$39.79$40.41417.00K

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