progress software corporation (nasdaq: prgs) is a global software company that simplifies the development, deployment and management of business applications on-premise or on any cloud, on any platform and on any device with minimal it complexity and low total cost of ownership. over 400,000 end-user customers globally run on progress openedge-based applications, and more than 1,400 isvs around the world are powered by progress software. global headquarters 14 oak park drive bedford, ma 01730 usa +781-280-4000
Company profile
Ticker
PRGS
Exchange
Website
CEO
Yogesh Gupta
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Microsoft • Oracle • Mobileye Global • Gen Digital • Activision Blizzard • BlackBerry • Vmware • Adobe • Salesforce • Ceridian HCM Holding ...
SEC CIK
Corporate docs
IRS number
42746201
PRGS stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Other Events
5 Jun 23
8-K
Submission of Matters to a Vote of Security Holders
12 May 23
10-Q
2023 Q1
Quarterly report
7 Apr 23
DEF 14A
Definitive proxy
29 Mar 23
8-K
Progress Announces First Quarter 2023 Financial Results
28 Mar 23
8-K
Regulation FD Disclosure
13 Mar 23
8-K
Progress Completes Acquisition of MarkLogic
7 Feb 23
10-K
2022 FY
Annual report
27 Jan 23
8-K
Progress Reports 2022 Fiscal Fourth Quarter and Year End Results
17 Jan 23
8-K
Progress Announces Plans to Acquire MarkLogic
3 Jan 23
Transcripts
PRGS
Earnings call transcript
2023 Q1
28 Mar 23
PRGS
Earnings call transcript
2022 Q4
17 Jan 23
PRGS
Earnings call transcript
2022 Q3
27 Sep 22
PRGS
Earnings call transcript
2022 Q2
29 Jun 22
PRGS
Earnings call transcript
2022 Q1
29 Mar 22
PRGS
Earnings call transcript
2021 Q4
19 Jan 22
PRGS
Earnings call transcript
2021 Q3
24 Sep 21
PRGS
Earnings call transcript
2021 Q2
25 Jun 21
PRGS
Earnings call transcript
2020 Q4
26 Mar 21
PRGS
Earnings call transcript
2020 Q4
15 Jan 21
Latest ownership filings
4
Kathryn Kulikoski
2 Jun 23
144
Notice of proposed sale of securities
1 Jun 23
4
Sundar Subramanian
30 May 23
4
Kathryn Kulikoski
17 May 23
4
Domenic LoCoco
17 May 23
144
Notice of proposed sale of securities
15 May 23
4
YUFAN STEPHANIE WANG
9 May 23
4
Loren Jarrett
24 Apr 23
144
Notice of proposed sale of securities
20 Apr 23
144
Notice of proposed sale of securities
20 Apr 23
Financial summary
| Quarter (USD) | Feb 23 | Nov 22 | Aug 22 | May 22 | |
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| Revenue | |||||
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| Operating income | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Nov 22 | Nov 21 | Nov 20 | Nov 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 107.98 mm | 107.98 mm | 107.98 mm | 107.98 mm | 107.98 mm | 107.98 mm |
| Cash burn (monthly) | 49.43 mm | 5.31 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 164.44 mm | 17.65 mm | n/a | n/a | n/a | n/a |
| Cash remaining | -56.46 mm | 90.33 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | -1.1 | 17.0 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
| 13F holders | Current |
|---|---|
| Total holders | 274 |
| Opened positions | 33 |
| Closed positions | 30 |
| Increased positions | 97 |
| Reduced positions | 102 |
| 13F shares | Current |
|---|---|
| Total value | 2.55 tn |
| Total shares | 46.11 mm |
| Total puts | 27.80 k |
| Total calls | 700.00 |
| Total put/call ratio | 39.7 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 7.03 mm | $404.02 bn |
| Vanguard | 5.19 mm | $298.16 bn |
| Boston Trust Walden | 1.67 mm | $95.67 bn |
| Segall Bryant & Hamill | 1.59 mm | $90.74 bn |
| STT State Street | 1.49 mm | $85.53 bn |
| Wellington Management | 1.48 mm | $85.11 bn |
| Dimensional Fund Advisors | 1.33 mm | $76.17 bn |
| MS Morgan Stanley | 1.24 mm | $71.44 bn |
| Fuller & Thaler Asset Management | 1.19 mm | $68.24 bn |
| BK Bank Of New York Mellon | 1.09 mm | $62.43 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Jun 23 | Kathryn Kulikoski | Common Stock | Sell | Dispose S | No | Yes | 59.69 | 1,500 | 89.54 k | 5,216 |
| 25 May 23 | Sundar Subramanian | Common Stock | Sell | Dispose S | No | Yes | 60 | 461 | 27.66 k | 24,828 |
| 15 May 23 | Kathryn Kulikoski | Common Stock | Sell | Dispose S | No | Yes | 55.6432 | 2,526 | 140.55 k | 6,716 |
| 15 May 23 | Domenic LoCoco | Common Stock | Sell | Dispose S | No | Yes | 55.62 | 226 | 12.57 k | 2,005 |
| 8 May 23 | Yufan Stephanie Wang | Common Stock | Sell | Dispose S | No | Yes | 54.39 | 234 | 12.73 k | 0 |
News
Benzinga Pro's Top 5 Stocks To Watch For Friday, March 31, 2023: F, STZ, PRGS, LEVI, PHIO
31 Mar 23
Citigroup Maintains Neutral on Progress Software, Raises Price Target to $57
30 Mar 23
Guggenheim Reiterates Buy on Progress Software, Maintains $64 Price Target
29 Mar 23
Airbnb To Rally Around 59%? Here Are 10 Other Analyst Forecasts For Wednesday
29 Mar 23
JP Morgan Maintains Overweight on Progress Software, Raises Price Target to $65
29 Mar 23