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PRGS Progress Software

Progress Software Corp. engages in the provision of a platform, which develops and deploy mission-critical business applications. It operates through the following business segments: OpenEdge Business; Data Connectivity and Integration; and Application Development and Deployment. The OpenEdge Business segment provides product enhancements and marketing supports for the partners to sell more of its existing solutions to their customers. The Data Connectivity and Integration segment focuses on the growth of the data assets of the company, including its data integration components of the cloud offering. The Application Development and Deployment segment generates net new customers for the application development assets of the company. The company was founded by Joseph Wright Alsop, Clyde Kessel and Charles Arthur Ziering in 1981 and is headquartered in Bedford, MA.

Company profile

Ticker
PRGS
Exchange
CEO
Philip Pead
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
42746201

PRGS stock data

(
)

Calendar

5 Apr 21
17 Apr 21
30 Nov 21
Quarter (USD)
Feb 21 Nov 20 Aug 20 May 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Nov 20 Nov 19 Nov 18 Nov 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 107.7M 107.7M 107.7M 107.7M 107.7M 107.7M
Cash burn (monthly) (positive/no burn) 4.45M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 7.39M n/a n/a n/a n/a
Cash remaining n/a 100.31M n/a n/a n/a n/a
Runway (months of cash) n/a 22.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Jeremy Segal Common Stock Payment of exercise Dispose F No No 44.3543 523 23.2K 761
1 Apr 21 Jeremy Segal Common Stock Option exercise Aquire M No No 0 1,284 0 1,284
1 Apr 21 Jeremy Segal RSU Common Stock Option exercise Dispose M No No 0 1,284 0 6,421
1 Apr 21 Murphy Anthony Common Stock Payment of exercise Dispose F No No 44.3543 102 4.52K 6,623
1 Apr 21 Murphy Anthony Common Stock Option exercise Aquire M No No 0 265 0 6,725
1 Apr 21 Murphy Anthony Common Stock Payment of exercise Dispose F No No 44.3543 139 6.17K 6,460
1 Apr 21 Murphy Anthony Common Stock Option exercise Aquire M No No 0 360 0 6,599
1 Apr 21 Murphy Anthony Common Stock Payment of exercise Dispose F No No 44.3543 95 4.21K 6,239
1 Apr 21 Murphy Anthony Common Stock Option exercise Aquire M No No 0 247 0 6,334
1 Apr 21 Murphy Anthony RSU Common Stock Option exercise Dispose M No No 0 265 0 1,061

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

94.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 216 216
Opened positions 20 22 -9.1%
Closed positions 20 29 -31.0%
Increased positions 71 90 -21.1%
Reduced positions 89 68 +30.9%
13F shares
Current Prev Q Change
Total value 1.89B 1.55B +22.0%
Total shares 41.77M 42.15M -0.9%
Total puts 24.6K 314.7K -92.2%
Total calls 74.1K 99.5K -25.5%
Total put/call ratio 0.3 3.2 -89.5%
Largest owners
Shares Value Change
BLK Blackrock 7.3M $329.83M +5.5%
Vanguard 4.84M $218.62M +3.3%
Renaissance Technologies 2.37M $107.15M -8.5%
Segall Bryant & Hamill 1.57M $70.79M +12.4%
Dimensional Fund Advisors 1.53M $69.06M -5.5%
STT State Street 1.45M $65.47M +1.6%
Acadian Asset Management 1.26M $57.1M -16.3%
BK Bank Of New York Mellon 1.26M $56.84M +10.7%
Boston Trust Walden 1.12M $50.57M -0.2%
Fuller & Thaler Asset Management 976.19K $44.11M +18.0%
Largest transactions
Shares Bought/sold Change
Norges Bank 732.5K +732.5K NEW
Assenagon Asset Management 0 -588.93K EXIT
LSV Asset Management 591.61K +419.11K +243.0%
BLK Blackrock 7.3M +382.45K +5.5%
Arrowstreet Capital, Limited Partnership 544.91K +296.78K +119.6%
Acadian Asset Management 1.26M -246.19K -16.3%
Renaissance Technologies 2.37M -220.8K -8.5%
Grantham, Mayo, Van Otterloo & Co. 11.05K -213.9K -95.1%
TD Asset Management 199K -199K -50.0%
Segall Bryant & Hamill 1.57M +172.48K +12.4%

Financial report summary

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Management Discussion
  • Total revenue increased compared to the same quarter last year primarily due to our acquisition of Chef in the fourth quarter of fiscal year 2020, as well as increases in our OpenEdge and Ipswitch product lines. Chef revenue was $12.0 million in our first fiscal quarter of 2021. These increases were offset by lower license revenue in our Data Connectivity and Integration segment.
  • Software license revenue increased compared to the same period last year primarily due to our acquisition of Chef and increases in license sales in our OpenEdge segment, partially offset by a decrease in license sales in our Data Connectivity and Integration segment. Refer to the Revenue by Segment section below for further discussion.
  • Maintenance and services revenue both increased compared to the same quarter last year primarily due to our acquisition of Chef and increased maintenance revenue from our OpenEdge segment.
Content analysis
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Readability
H.S. sophomore Good
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Patents

APP
Utility
System and Interfaces for Entity Management
16 Dec 20
A management interface is provided that allows for more capability to view and create indications of such complex relationships between entities.
GRANT
Utility
Query system
25 May 20
A system and method for efficient query processing using a real index of a queried table are described.
GRANT
Utility
Methods and system for providing real-time business intelligence using natural language queries
18 May 20
The methods and systems for providing real-time business intelligence using national language queries facilitate a user to search within a data warehouse using a natural language question.
GRANT
Utility
On-premises data access and firewall tunneling
13 Apr 20
A system and method for tunneling through a network separation device such as a firewall or a Network Address Translator including a first server receiving an access request from a client device to communicate with a host device, where the host device is behind the network separation device.
GRANT
Utility
Data access and firewall tunneling using a custom socket factory
6 Apr 20
A method of tunneling through a network separation device such as a firewall or a Network Address Translator comprising establishing via a custom socket factory coupled with a host device, a connection with a cloud server by tunneling through a network separation device; maintaining, via the custom socket factory, the connection with the cloud server through the network separation device; receiving, via the connection between the custom socket factory and the cloud server, connection information; and directly connecting, via the custom socket factory, to a client device using the connection information received from the cloud server.