Q1 Earnings Estimate for PRGS Issued By Wedbush

Progress Software Co. (NASDAQ:PRGS) – Wedbush issued their Q1 2026 EPS estimates for shares of Progress Software in a report issued on Wednesday, January 22nd. Wedbush analyst D. Ives anticipates that the software maker will post earnings per share of $1.23 for the quarter. The consensus estimate for Progress Software’s current full-year earnings is $4.59 per share. Wedbush also issued estimates for Progress Software’s Q3 2026 earnings at $1.16 EPS, Q4 2026 earnings at $1.43 EPS and FY2026 earnings at $4.89 EPS.

PRGS has been the topic of a number of other research reports. Guggenheim reaffirmed a “buy” rating and set a $83.00 price target on shares of Progress Software in a research note on Friday, January 17th. StockNews.com lowered Progress Software from a “strong-buy” rating to a “buy” rating in a research report on Thursday. DA Davidson reissued a “buy” rating and set a $75.00 price target on shares of Progress Software in a research report on Tuesday. Citigroup raised their price objective on Progress Software from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Finally, Jefferies Financial Group lifted their price objective on Progress Software from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Progress Software currently has an average rating of “Moderate Buy” and a consensus price target of $72.43.

Progress Software Stock Performance

Progress Software stock opened at $53.00 on Friday. Progress Software has a 52 week low of $48.00 and a 52 week high of $70.56. The stock has a fifty day moving average price of $65.69 and a 200 day moving average price of $62.33. The company has a current ratio of 0.81, a quick ratio of 1.23 and a debt-to-equity ratio of 3.48. The firm has a market capitalization of $2.30 billion, a P/E ratio of 33.97, a PEG ratio of 6.24 and a beta of 0.93.

Hedge Funds Weigh In On Progress Software

Hedge funds and other institutional investors have recently made changes to their positions in the business. Canada Pension Plan Investment Board acquired a new stake in Progress Software in the 2nd quarter valued at approximately $27,000. GAMMA Investing LLC raised its stake in shares of Progress Software by 76.7% during the third quarter. GAMMA Investing LLC now owns 1,117 shares of the software maker’s stock valued at $75,000 after purchasing an additional 485 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in Progress Software by 19.3% in the third quarter. TD Private Client Wealth LLC now owns 1,863 shares of the software maker’s stock worth $126,000 after purchasing an additional 301 shares during the period. Blue Trust Inc. grew its position in Progress Software by 23.2% in the 4th quarter. Blue Trust Inc. now owns 2,091 shares of the software maker’s stock valued at $141,000 after buying an additional 394 shares in the last quarter. Finally, KBC Group NV increased its stake in Progress Software by 44.5% during the 4th quarter. KBC Group NV now owns 2,335 shares of the software maker’s stock valued at $152,000 after buying an additional 719 shares during the period.

About Progress Software

Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers.