36,055 Shares in Progress Software Corporation $PRGS Acquired by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC purchased a new stake in Progress Software Corporation (NASDAQ:PRGS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 36,055 shares of the software maker’s stock, valued at approximately $1,211,000. Van Hulzen Asset Management LLC owned approximately 0.09% of Progress Software at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PRGS. Geneos Wealth Management Inc. bought a new position in shares of Progress Software during the first quarter valued at $26,000. Parallel Advisors LLC grew its holdings in shares of Progress Software by 142.0% in the 1st quarter. Parallel Advisors LLC now owns 1,113 shares of the software maker’s stock worth $29,000 after purchasing an additional 653 shares during the last quarter. Hantz Financial Services Inc. increased its position 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 purchasing an additional 493 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Progress Software during the 4th quarter worth about $42,000. Finally, Advisors Asset Management Inc. lifted its holdings in Progress Software by 135.1% during the 1st quarter. Advisors Asset Management Inc. now owns 1,051 shares of the software maker’s stock valued at $54,000 after purchasing an additional 604 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have commented on PRGS. Weiss Ratings upgraded shares of Progress Software from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. DA Davidson lifted their target price on shares of Progress Software from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Oppenheimer reduced their target price on Progress Software from $57.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, July 1st. Finally, Guggenheim restated a “buy” rating and set a $83.00 price target on shares of Progress Software in a research report on Wednesday, July 1st. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.17.

Progress Software Stock Performance

Shares of Progress Software stock opened at $43.42 on Tuesday. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $1.78 billion, a P/E ratio of 21.08, a P/E/G ratio of 1.86 and a beta of 0.81. The firm has a 50 day simple moving average of $38.50 and a 200 day simple moving average of $34.54. Progress Software Corporation has a fifty-two week low of $23.82 and a fifty-two week high of $47.37.

Progress Software (NASDAQ:PRGS) last posted its quarterly earnings data on Tuesday, June 30th. The software maker reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.16. The firm had revenue of $253.47 million for the quarter, compared to the consensus estimate of $242.74 million. Progress Software had a return on equity of 43.07% and a net margin of 8.87%.The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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 Transactions at Progress Software

In related news, EVP Sundar Subramanian sold 10,597 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $38.27, for a total value of $405,547.19. Following the transaction, the executive vice president owned 18,370 shares in the company, valued at $703,019.90. This trade represents a 36.58% decrease in their ownership of the stock. The transaction 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 corporate insiders.

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.