PRGS Progress Software Dashboard

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

NASDAQ

Website

www.progress.com/

CEO

Philip Pead

Incorporated

Delaware

Location

Massachusetts

Fiscal year end

Nov 30

Sector

Information > Data Processing, Hosting, and Related Services

Industry (SIC)

Services - Prepackaged Software

Microsoft • Oracle • Activision Blizzard • BlackBerry • NortonLifeLock • Adobe • Vmware • Ceridian HCM Holding • McAfee • SolarWinds ...

SEC CIK

0000876167

Corporate docs

Articles of Incorporation & Bylaws

IRS number

42746201

PRGS stock data

S&P 500

1M 1Y 2Y 5Y

News

Pro users get this 30m faster

Progress Software Raises $316.1M Via Upsized Convertible Debt Offering

9 Apr 21

Progress Software Says Provides Day-Zero Support For WinUI 3

1 Apr 21

Progress Provides Day-Zero Support for WinUI 3 Progress Telerik UI for WinUI empowers .NET developers to build next generation of Windows apps with latest Microsoft development framework BEDFORD, Mass., April 01, 2021

A Look Into Progress Software's Debt

26 Mar 21

Over the past three months, shares of Progress Software (NASDAQ:PRGS) decreased by 6.95%. Before having a look at the importance of debt, let us look at how much debt Progress Software has.

A Peek Into The Markets: US Stock Futures Gain Ahead Of Economic Reports

26 Mar 21

5 Stocks To Watch For March 26, 2021

26 Mar 21

Press releases

Pro users get this 30m faster

Progress Software Announces Upsize and Pricing of Convertible Senior Notes Offering

8 Apr 21

BEDFORD, Mass., April 08, 2021 (GLOBE NEWSWIRE) -- Progress Software Corporation (NASDAQ:PRGS) ("Progress") today announced the pricing of its private offering of $325.0 million aggregate principal amount of 1.00%

Progress Software Announces Proposed Convertible Senior Notes Offering

7 Apr 21

BEDFORD, Mass., April 07, 2021 (GLOBE NEWSWIRE) -- Progress Software Corporation (NASDAQ:PRGS) ("Progress") today announced that it intends to offer, subject to market and other conditions, $300.0 million aggregate

Progress Global Hackathon Challenges Developers to Build Apps to Make the World a Better Place

7 Apr 21

BEDFORD, Mass., April 07, 2021 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the leading provider of products to develop, deploy and manage high-impact business applications, today announced The Worthy Web, a virtual

Progress Provides Day-Zero Support for WinUI 3

1 Apr 21

Progress Publishes 2020 Corporate Social Responsibility Report

30 Mar 21

Calendar

5 Apr 21

17 Apr 21

30 Nov 21

Financial summary

Financial statements Chart PRGS financial data

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

Recent insider trades

PRGS insider ownership history Insider history

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 from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

PRGS institutional ownership history Ownership history

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%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Microsoft • Formula Systems • Oracle • Pivotal Software

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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Good

New words: accessible, adherence, alike, ARR, arrive, attack, binding, broad, bundling, card, catastrophic, civil, cohort, commercial, concept, creation, criminal, critical, cycle, debarment, deep, delivery, disaster, divide, durable, earthquake, eventuality, exacerbated, expansion, fire, flood, Fortune, gift, group, illustrate, indirectly, infiltration, ISV, lengthy, liberal, magnitude, Merger, metric, mitigating, monthly, MRR, multiplying, NaN, point, procurement, putting, recovery, redistribute, reliability, removing, residency, revised, stability, stable, stack, suspension, telecommunication, thereof, top, trailing, trusted, tsunami, unclear, unpredictable, usage, viewed, violation, war, weather, website

Removed: accurate, adaptive, advanced, app, applying, assessed, automated, bribery, building, capability, collaboration, collateralized, comparing, connect, corrected, database, DataRPM, delivering, deploying, designation, determinable, dev, device, digital, earlier, effort, eliminate, eliminating, embedded, encountered, evaluating, exceed, excluding, exit, facilitate, facing, fraction, front, fully, function, Greene, hindsight, implicit, inception, jurisdiction, Kinvey, leading, logic, minimum, monitoring, nonfinancial, noted, outplacement, overstated, permitted, personalized, powerful, previously, primary, prohibiting, properly, qualifying, recording, refine, registered, relational, represent, Roger, Seller, separate, serve, sharing, simplify, Simplifying, small, spending, Step, touchpoint, treat, treatment, UI, unified, unit, upgrading, user, utilize, vehicle, web, workflow

From filing 10-Q 2021 Q1