Segall Bryant & Hamill LLC Purchases 104,611 Shares of Progress Software Corporation $PRGS

Segall Bryant & Hamill LLC lifted its position in shares of Progress Software Corporation (NASDAQ:PRGS) by 19.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 643,145 shares of the software maker’s stock after purchasing an additional 104,611 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Progress Software were worth $28,253,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PRGS. Elevation Point Wealth Partners LLC bought a new stake in shares of Progress Software in the 2nd quarter valued at $41,000. Advisors Asset Management Inc. lifted its holdings in Progress Software by 135.1% during the first quarter. Advisors Asset Management Inc. now owns 1,051 shares of the software maker’s stock worth $54,000 after acquiring an additional 604 shares in the last quarter. Osaic Holdings Inc. grew its stake in Progress Software by 183.0% in the second quarter. Osaic Holdings Inc. now owns 985 shares of the software maker’s stock valued at $62,000 after acquiring an additional 637 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Progress Software by 2,366.7% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,776 shares of the software maker’s stock worth $113,000 after acquiring an additional 1,704 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd increased its holdings in shares of Progress Software by 140.1% in the third quarter. Aster Capital Management DIFC Ltd now owns 2,799 shares of the software maker’s stock worth $123,000 after acquiring an additional 1,633 shares in the last quarter.

Insider Transactions at Progress Software

In other news, CFO Anthony Folger sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $40.00, for a total value of $240,000.00. Following the completion of the transaction, the chief financial officer owned 48,802 shares in the company, valued at $1,952,080. This trade represents a 10.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sundar Subramanian sold 1,352 shares of Progress Software stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $42.37, for a total value of $57,284.24. Following the completion of the sale, the executive vice president directly owned 29,066 shares in the company, valued at approximately $1,231,526.42. This represents a 4.44% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 3.60% of the company’s stock.

Progress Software Price Performance

Shares of PRGS opened at $38.56 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.18. Progress Software Corporation has a twelve month low of $34.57 and a twelve month high of $65.50. The stock has a market capitalization of $1.62 billion, a P/E ratio of 23.23, a P/E/G ratio of 1.84 and a beta of 0.57. The company has a 50 day moving average of $41.06 and a 200-day moving average of $42.74.

Progress Software (NASDAQ:PRGS) last announced its earnings results on Tuesday, January 20th. The software maker reported $1.51 EPS for the quarter, topping the consensus estimate of $1.31 by $0.20. The business had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $252.86 million. Progress Software had a net margin of 7.48% and a return on equity of 43.90%. The firm’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.33 earnings per share. Progress Software has set its FY 2026 guidance at 1.74-1.910 EPS and its Q1 2026 guidance at 1.56-1.62 EPS. As a group, equities research analysts forecast that Progress Software Corporation will post 4.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PRGS. Jefferies Financial Group cut their price objective on Progress Software from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Monday, January 5th. Citigroup raised their target price on shares of Progress Software from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. DA Davidson reaffirmed a “buy” rating and issued a $70.00 price target on shares of Progress Software in a research note on Wednesday, February 4th. Weiss Ratings raised shares of Progress Software from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 25th. Finally, Wedbush dropped their price objective on shares of Progress Software from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.60.

Progress Software Company Profile

Progress Software (NASDAQ: PRGS) is a global provider of enterprise software designed to simplify and accelerate the delivery of business applications. The company’s offerings span digital experience management, application development and deployment, data connectivity and integration, and predictive analytics. Progress supports organizations in building, deploying, and managing mission-critical applications across on-premises, cloud and hybrid environments, helping to reduce development complexity and operational overhead.

Key products in Progress’s portfolio include Progress OpenEdge, a robust development and database platform for building transactional applications; Progress DataDirect, which enables high-performance connectivity to disparate data sources; Progress Sitefinity, a digital experience platform for content management and personalization; Progress Telerik, a suite of UI controls and developer tools; and Progress Kinvey, a serverless backend platform for mobile and web applications.