Integrated Investment Consultants LLC Sells 13,097 Shares of Progress Software Corporation $PRGS

Integrated Investment Consultants LLC cut its stake in Progress Software Corporation (NASDAQ:PRGS) by 62.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,927 shares of the software maker’s stock after selling 13,097 shares during the period. Integrated Investment Consultants LLC’s holdings in Progress Software were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in PRGS. ProShare Advisors LLC raised its stake in shares of Progress Software by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 8,333 shares of the software maker’s stock valued at $358,000 after purchasing an additional 258 shares during the period. California State Teachers Retirement System lifted its stake in 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 valued at $2,531,000 after acquiring an additional 333 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its holdings in Progress Software by 0.9% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 48,522 shares of the software maker’s stock worth $2,085,000 after purchasing an additional 450 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Progress Software by 194.1% during the 4th quarter. Hantz Financial Services Inc. now owns 747 shares of the software maker’s stock worth $32,000 after buying an additional 493 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings 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 valued at $2,055,000 after buying an additional 601 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. DA Davidson lifted their price target on Progress Software from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Guggenheim restated a “buy” rating and issued a $83.00 price objective on shares of Progress Software in a research note on Wednesday, July 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Progress Software in a research report on Tuesday, July 14th. 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 note on Wednesday, July 1st. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $50.50.

Progress Software Stock Performance

NASDAQ:PRGS opened at $40.59 on Monday. The stock has a 50 day simple moving average of $34.81 and a 200 day simple moving average of $34.32. The stock has a market cap of $1.66 billion, a P/E ratio of 19.70, a PEG ratio of 1.70 and a beta of 0.80. Progress Software Corporation has a 1-year low of $23.82 and a 1-year high of $49.27. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 2.55.

Progress Software (NASDAQ:PRGS) last issued its quarterly earnings data on Tuesday, June 30th. The software maker reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.16. Progress Software had a return on equity of 43.07% and a net margin of 8.87%.The firm had revenue of $253.47 million for the quarter, compared to analyst estimates of $242.74 million. During the same period in the prior year, the firm posted $1.40 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. 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. Research analysts anticipate that Progress Software Corporation will post 4.77 earnings per share for the current year.

Insider Buying and Selling

In other Progress Software news, EVP Sundar Subramanian sold 10,597 shares of Progress Software stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $38.27, for a total value of $405,547.19. Following the completion of the sale, the executive vice president owned 18,370 shares in the company, valued at $703,019.90. The trade was a 36.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 4.10% of the company’s stock.

Progress Software 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.