Segall Bryant & Hamill LLC Sells 28,978 Shares of Progress Software Corporation $PRGS

Segall Bryant & Hamill LLC trimmed its position in Progress Software Corporation (NASDAQ:PRGS) by 4.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 570,077 shares of the software maker’s stock after selling 28,978 shares during the period. Segall Bryant & Hamill LLC’s holdings in Progress Software were worth $14,622,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. ProShare Advisors LLC lifted its position in Progress Software by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 8,333 shares of the software maker’s stock valued at $358,000 after buying an additional 258 shares during the period. California State Teachers Retirement System grew its position in shares of Progress Software by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 39,639 shares of the software maker’s stock worth $2,531,000 after buying an additional 333 shares during the period. Susquehanna Fundamental Investments LLC grew its position in shares of Progress Software by 0.9% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 48,522 shares of the software maker’s stock worth $2,085,000 after buying an additional 450 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Progress Software by 194.1% in the 4th quarter. Hantz Financial Services Inc. now owns 747 shares of the software maker’s stock worth $32,000 after acquiring an additional 493 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of Progress Software by 1.3% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 48,215 shares of the software maker’s stock worth $2,055,000 after acquiring an additional 601 shares in the last quarter.

Progress Software Price Performance

PRGS opened at $40.59 on Friday. The firm has a market cap of $1.66 billion, a PE ratio of 19.70, a P/E/G ratio of 1.70 and a beta of 0.82. The stock has a 50-day moving average price of $34.81 and a 200-day moving average price of $34.38. Progress Software Corporation has a 1 year low of $23.82 and a 1 year high of $49.27. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.81 and a quick ratio of 0.81.

Progress Software (NASDAQ:PRGS) last announced its quarterly earnings data on Tuesday, June 30th. The software maker reported $1.62 EPS for the quarter, beating the consensus estimate of $1.46 by $0.16. The company had revenue of $253.47 million for the quarter, compared to the consensus estimate of $242.74 million. Progress Software had a net margin of 8.87% and a return on equity of 43.07%. Progress Software’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.40 EPS. Progress Software has set its FY 2026 guidance at 6.090-6.210 EPS and its Q3 2026 guidance at 1.530-1.590 EPS. Sell-side analysts predict that Progress Software Corporation will post 4.77 earnings per share for the current fiscal year.

Insider Activity at Progress Software

In related news, EVP Sundar Subramanian sold 10,597 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $38.27, for a total transaction of $405,547.19. Following the completion of the sale, the executive vice president owned 18,370 shares of the company’s stock, valued at $703,019.90. This trade represents a 36.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PRGS shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Progress Software in a research note on Tuesday, July 14th. DA Davidson raised their target price on shares of Progress Software from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Guggenheim reiterated a “buy” rating and set a $83.00 target price on shares of Progress Software in a report on Wednesday, July 1st. Finally, Oppenheimer dropped their price target on Progress Software from $57.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 1st. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Progress Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.50.

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.