During the last session, Progress Software Corp (NASDAQ:PRGS)’s traded shares were 0.85 million, with the beta value of the company hitting 0.67. At the end of the trading day, the stock’s price was $62.57, reflecting an intraday loss of -0.70% or -$0.44. The 52-week high for the PRGS share is $70.56, that puts it down -12.77 from that peak though still a striking 23.29% gain since the share price plummeted to a 52-week low of $48.00. The company’s market capitalization is $2.69B, and the average trade volume was 599.98K shares over the past three months.
Progress Software Corp (PRGS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.57. PRGS has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it.
Progress Software Corp (NASDAQ:PRGS) trade information
Progress Software Corp (PRGS) registered a -0.70% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.70% in intraday trading to $62.57, hitting a weekly high. The stock’s 5-day price performance is -1.06%, and it has moved by -0.92% in 30 days. Based on these gigs, the overall price performance for the year is 26.40%.
The consensus price target of analysts on Wall Street is $70, which implies an increase of 10.61% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $70 and $70 respectively. As a result, PRGS is trading at a discount of -11.87% off the target high and -11.87% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 21.48%. While earnings are projected to return 7.21% in 2025, the next five years will return 6.53% per annum.
PRGS Dividends
Progress Software Corp is due to release its next quarterly earnings on 2025-Mar-31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Progress Software Corp is 0.17, with the dividend yield indicating at 0.28 percent, continuing the trend of increasing dividends in recent years.
The next largest institutional holding, with 5.75 million shares, is of VANGUARD GROUP INC’s that is approximately 13.3074% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $312.02 million.
