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Progress Software (PRGS)

Progress provides the best products to develop, deploy and manage high-impact business applications. Its comprehensive product stack is designed to make technology teams more productive and it has a deep commitment to the developer community, both open source and commercial alike. With Progress, organizations can accelerate the creation and delivery of strategic business applications, automate the process by which apps are configured, deployed and scaled, and make critical data and content more accessible and secure-leading to competitive differentiation and business success. Over 1,700 independent software vendors, 100,000+ enterprise customers, and a three-million-strong developer community rely on Progress to power their applications.

Company profile

Ticker
PRGS
Exchange
NASDAQ
Website
www.progress.com
CEO
Philip Pead
Employees
Incorporated
Delaware
Location
Massachusetts
Fiscal year end
Nov 30
Sector
Information > Data Processing, Hosting, and Related Services
Industry (SIC)
Services - Prepackaged Software
Microsoft • Oracle • BlackBerry • NortonLifeLock • Activision Blizzard • Adobe • Vmware • Ceridian HCM Holding • McAfee • Electronic Arts ...
SEC CIK
0000876167
Corporate docs
IRS number
42746201

PRGS stock data

News

From Benzinga Pro
Airbnb And 3 Other Stocks Insiders Are Selling
26 Apr 22
Although gold futures traded higher this morning on Tuesday, there were a few notable insider trades.
Citigroup Maintains Neutral on Progress Software, Raises Price Target to $52
30 Mar 22
Citigroup analyst Tyler Radke maintains Progress Software (NASDAQ:PRGS) with a Neutral and raises the price target from $48 to $52.
Progress Software Q1 EPS $0.97 Beats $0.85 Estimate, Sales $147.50M Beat $140.55M Estimate
29 Mar 22
Progress Software (NASDAQ:PRGS) reported quarterly earnings of $0.97 per share which beat the analyst consensus estimate of $0.85 by 14.12 percent. This is a 2.11 percent increase over earnings of $0.95 per share from
Earnings Scheduled For March 29, 2022
29 Mar 22
A Preview Of Progress Software's Earnings
28 Mar 22

Press releases

From Benzinga Pro
Progress to Participate in the 17th Annual Needham Technology & Media Conference
13 May 22
BURLINGTON, Mass., May 13, 2022 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of infrastructure software, today announced that Anthony Folger, Chief Financial Officer, and Michael Micciche, Vice
Progress Releases MOVEit 2022 with Advanced Capabilities to Secure and Simplify File Transfer Across Systems
12 May 22
New release includes a MOVEit Add-in for Microsoft Outlook that makes securing files with MOVEit simple, intuitive and easy to deploy across the entire organization BURLINGTON, Mass., May 12, 2022 (GLOBE NEWSWIRE)
Progress Extends Market Leadership with Largest UI Suites for Blazor and .NET MAUI in Latest Telerik and Kendo UI Release
11 May 22
BURLINGTON, Mass., May 11, 2022 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of infrastructure software, today announced a series of updates in Progress® Telerik® and Progress® Kendo
Progress Takes First Place in G2 Spring 2022 Grid Report for Managed File Transfer (MFT)
6 Apr 22
Progress Releases 2021 Corporate Social Responsibility Report
31 Mar 22

Analyst ratings and price targets

Last 3 months
Citigroup
Maintains
Neutral
$52.00
30 Mar 22

Calendar

7 Apr 22
17 May 22
30 Nov 22

Financial summary

Financial statements Chart PRGS financial data
Quarter (USD) Feb 22 Nov 21 Aug 21 May 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Nov 21 Nov 20 Nov 19 Nov 18
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.

Recent insider trades

PRGS insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 May 22 Egan John R Common Stock Sell Dispose S No No 46.99 13,236.23 621.97K 34,091
12 May 22 Egan John R Common Stock Sell Dispose S No No 45.8288 6,938 317.96K 46,086
5 May 22 Domenic LoCoco Common Stock Sell Dispose S No No 49.0737 1,000 49.07K 1,647
5 May 22 Domenic LoCoco Common Stock Option exercise Acquire M No No 29.25 1,000 29.25K 2,647
5 May 22 Domenic LoCoco Common Stock Sell Dispose S No No 49.0696 487 23.9K 1,647
5 May 22 Domenic LoCoco Common Stock Sell Dispose S No No 49.1135 269 13.21K 2,134
5 May 22 Domenic LoCoco Employee Stock Options Common Stock Option exercise Dispose M No No 29.25 1,000 29.25K 264
2 May 22 Ainsworth John Common Stock Sell Dispose S No No 48.1446 5,122 246.6K 32,821
27 Apr 22 Kane Charles Francis Common Stock Sell Dispose S No No 46.2308 5,000 231.15K 83,208
21 Apr 22 Gupta Yogesh K Common Stock Sell Dispose S Yes Yes 50.2013 5,000 251.01K 90,000
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q4 2021

PRGS institutional ownership history Ownership history
99.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 255 249 +2.4%
Opened positions 42 42 –
Closed positions 36 18 +100.0%
Increased positions 93 89 +4.5%
Reduced positions 85 80 +6.3%
13F shares Current Prev Q Change
Total value 2.1B 2.34B -10.1%
Total shares 43.5M 43.37M +0.3%
Total puts 70.5K 82.8K -14.9%
Total calls 16.5K 75.1K -78.0%
Total put/call ratio 4.3 1.1 +287.5%
Largest owners Shares Value Change
BLK Blackrock 8.14M $392.74M +0.4%
Vanguard 4.86M $234.65M -0.2%
Segall Bryant & Hamill 1.71M $82.74M +4.2%
STT State Street 1.42M $68.4M -4.5%
Dimensional Fund Advisors 1.35M $65.08M -2.3%
Renaissance Technologies 1.35M $65M -16.2%
Boston Trust Walden 1.31M $63.18M +12.4%
Fuller & Thaler Asset Management 1.17M $56.46M +4.0%
BK Bank Of New York Mellon 1.14M $55.03M -12.3%
Wellington Management 985.3K $47.56M +4.1%
Largest transactions Shares Bought/sold Change
Norges Bank 460.22K +460.22K NEW
LSV Asset Management 467.18K -421.75K -47.4%
Glenmede Trust Co Na 355.84K +351.57K +8237.3%
Allspring Global Investments 347.17K +347.17K NEW
Renaissance Technologies 1.35M -259.71K -16.2%
WFC Wells Fargo & Co. 90.44K -249.1K -73.4%
Assenagon Asset Management 214.4K +182.34K +568.8%
BK Bank Of New York Mellon 1.14M -159.27K -12.3%
BMO Bank of Montreal 238.37K -154.33K -39.3%
Boston Trust Walden 1.31M +143.95K +12.4%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. 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 Kemp in the fourth quarter of fiscal year 2021, as well as increases in our Chef, OpenEdge, and DevTools product offerings.
  • Software license revenue increased compared to the same quarter last year primarily due to our acquisition of Kemp in the fourth quarter of fiscal year 2021.
  • Maintenance and services revenue increased compared to the same quarter last year primarily due to our acquisition of Kemp in the fourth quarter of fiscal year 2021, as well as increases in our Chef, Ipswitch, DevTools, and OpenEdge product offerings.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: ahead, Canada, chain, choose, covenant, discontinue, EBITDA, elevate, energy, ERISA, escalation, fuel, goal, God, guaranteed, inaccuracy, inflation, innovation, interconnected, invasion, Lastly, Loadmaster, lowest, meaningful, military, momentum, outlook, parent, path, preliminarily, premise, propelling, recombined, refinancing, reversed, Russia, Russian, safety, showing, Simplifying, situation, sooner, spring, springing, sum, suspend, terrorism, traffic, Ukraine, unlimited, vendor, Visibility
Removed: accessible, adjust, alike, August, automate, Brexit, Cognitive, comparability, comparative, concept, configured, consistent, creation, deep, delivery, deployed, developer, differentiation, DNA, format, friendly, Holistic, leasing, lower, Membership, productive, reclassification, recognizing, Referendum, scaled, separately, shareholder, stack, tabular, transparency, vi
From filing 10-Q 2022 Q1
Financial reports
View all
10-Q
2022 Q1
Quarterly report
7 Apr 22
10-K/A
2021 FY
Annual report (amended)
30 Mar 22
10-K
2021 FY
Annual report
27 Jan 22
10-Q
2021 Q3
Quarterly report
7 Oct 21
10-Q
2021 Q2
Quarterly report
7 Jul 21
10-Q
2021 Q1
Quarterly report
5 Apr 21
10-K/A
2020 FY
Annual report (amended)
29 Mar 21
10-K
2020 FY
Annual report
27 Jan 21
10-Q
2020 Q3
Quarterly report
8 Oct 20
10-Q
2020 Q2
Quarterly report
8 Jul 20
Current reports
View all
8-K
Progress Announces First Quarter 2022 Financial Results
29 Mar 22
8-K
Results of Operations and Financial Condition
10 Mar 22
8-K
Entry into a Material Definitive Agreement
27 Jan 22
8-K
Progress Reports 2021 Fiscal Fourth Quarter and Year End Results
18 Jan 22
8-K
Completion of Acquisition or Disposition of Assets
2 Nov 21
8-K
Entry into a Material Definitive Agreement
27 Sep 21
8-K
Progress Announces Third Quarter 2021 Financial Results
23 Sep 21
8-K
Progress Announces Second Quarter 2021 Financial Results
24 Jun 21
8-K
Submission of Matters to a Vote of Security Holders
19 May 21
8-K
Entry into a Material Definitive Agreement
13 Apr 21
Registration and prospectus
View all
S-8
Registration of securities for employees
29 Jun 21
S-8
Registration of securities for employees
27 Jan 20
S-8
Registration of securities for employees
29 Apr 08
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Apr 08
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Apr 08
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Apr 08
S-8
Registration of securities for employees
20 Sep 07
SC TO-I/A
Issuer tender offer statement (amended)
17 Apr 07
SC TO-I/A
Issuer tender offer statement (amended)
4 Apr 07
SC TO-I/A
Issuer tender offer statement (amended)
28 Mar 07
Proxies
View all
DEF 14A
Definitive proxy
13 Apr 22
DEF 14A
Definitive proxy
14 Apr 21
DEFA14A
Additional proxy soliciting materials
15 Apr 20
DEFA14A
Additional proxy soliciting materials
31 Mar 20
DEF 14A
Definitive proxy
27 Mar 20
DEFA14A
Additional proxy soliciting materials
6 May 19
DEF 14A
Definitive proxy
29 Mar 19
DEFA14A
Additional proxy soliciting materials
14 May 18
DEF 14A
Definitive proxy
16 Apr 18
DEF 14A
Definitive proxy
11 May 17
Other
View all
UPLOAD
Letter from SEC
2 Jul 13
CORRESP
Correspondence with SEC
3 Apr 13
UPLOAD
Letter from SEC
20 Mar 13
UPLOAD
Letter from SEC
7 Jun 12
UPLOAD
Letter from SEC
7 Jun 12
UPLOAD
Letter from SEC
25 Apr 12
UPLOAD
Letter from SEC
24 Apr 12
CORRESP
Correspondence with SEC
16 Apr 12
UPLOAD
Letter from SEC
16 Apr 12
UPLOAD
Letter from SEC
12 Apr 12
Ownership
View all
4
PROGRESS SOFTWARE / JOHN R EGAN ownership change
15 May 22
4
PROGRESS SOFTWARE / Domenic LoCoco ownership change
9 May 22
4
PROGRESS SOFTWARE / John Ainsworth ownership change
3 May 22
4
PROGRESS SOFTWARE / Charles Francis Kane ownership change
27 Apr 22
4
PROGRESS SOFTWARE / Yogesh K Gupta ownership change
25 Apr 22
4
PROGRESS SOFTWARE / Yogesh K Gupta ownership change
21 Apr 22
4
PROGRESS SOFTWARE / GARY QUINN ownership change
5 Apr 22
4
PROGRESS SOFTWARE / Kathryn Kulikoski ownership change
5 Apr 22
4
PROGRESS SOFTWARE / Domenic LoCoco ownership change
5 Apr 22
4
PROGRESS SOFTWARE / Sundar Subramanian ownership change
5 Apr 22

Patents

View all
Utility
Multi-user data presentation in AR/VR
5 Apr 22
A system and method for generating a multi-user presentation including receiving a graphic, anchoring a first instance of the graphic in a collaboration environment with a first position, first scale, and first orientation relative to an initial position of a presenting user in the collaboration environment; applying a first anchor transform to a second instance of the graphic, the first anchor transform anchoring the second instance of the graphic in the collaboration environment with the first position, the first scale, and the first orientation relative to an initial position of a first attendee in the collaboration environment; sending the first instance of the graphic for presentation to the presenter, and the second instance of the graphic for presentation to the first attendee; receiving a first presenter interaction modifying the first instance, where the modified first instance includes a first modification to one or more of the first position, the first scale, and the first orientation relative to the presenter; applying a first local transform to the first anchor transform associated with the second instance, where application of the first local transform modifies the second instance, where the modified second instance includes the first modification to one or more of the first position, the first scale, and the first orientation relative to the first attendee; and sending the modified first instance of the graphic for presentation to the presenter, and the modified second instance of the graphic for presentation to the first attendee.
Utility
Synthesized predicate driven index selection for partitioned table
1 Mar 22
A system and method for receiving a query of a partitioned table, the query including a first index predicate associated with a first partition key column; determining that one or more of the query is missing a second index predicate and the first index predicate is unusable for index probing; responsive to determining that one or more of the query is missing the second index predicate and the first index predicate is unusable for index probing, generating one or more synthesized predicates used to process the query using an index scan.
Utility
Technology agnostic page builder architecture
1 Mar 22
A system and method for technology agnostic page editing and/or rendering that includes receiving a first modification request associated with a first page, the first modification request generated by an agnostic page editor, the agnostic page editor compatible with a plurality of renderers from which an administrative user identifies a first set of renderers to be associated with the first page; modifying a first meta model associated with the first page based on the first modification request, the first meta model using a data interchange format; obtaining, by a first renderer belonging to the first set of renderers, the meta model associated with the first page; rendering, by the first renderer belonging to the first set of renderers, the first page for presentation to the administrative user using the first meta model; and sending first rendered content for presentation of the first page.
Utility
Synthesized predicate driven index selection for partitioned table
8 Feb 22
A system and method for receiving a query of a partitioned table, the query including a first index predicate associated with a first partition key column; determining that one or more of the query is missing a second index predicate and the first index predicate is unusable for index probing; responsive to determining that one or more of the query is missing the second index predicate and the first index predicate is unusable for index probing, generating one or more synthesized predicates used to process the query using an index scan.
Utility
Self-configuring adapter
9 Nov 21
A system and method for mapping an application program interface (API) to a relational schema.

Transcripts

View all
2022 Q1
Earnings call transcript
29 Mar 22
2021 Q4
Earnings call transcript
19 Jan 22
2021 Q3
Earnings call transcript
24 Sep 21
2021 Q2
Earnings call transcript
25 Jun 21
2020 Q4
Earnings call transcript
26 Mar 21
2020 Q4
Earnings call transcript
15 Jan 21
2020 Q3
Earnings call transcript
29 Sep 20
2020 Q2
Earnings call transcript
25 Jun 20
2020 Q1
Earnings call transcript
26 Mar 20
2019 Q4
Earnings call transcript
16 Jan 20

Reddit threads

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