Progress Software Corporation (PRGS) reported fourth-quarter 2025 results with revenue of $252.7 million, up 17.5% year‑over‑year. Gross profit was $206.1 million (up 15.5%), operating profit rose to $38.4 million (up 78.5%), and net income attributable to common shareholders was $25.7 million (up 2,144.6%). Diluted earnings per share were $0.61 (up 2,940.6% year‑over‑year).
Margins and cash flow showed strength: gross margin was about 81.6%, operating margin roughly 15.2%, and net margin about 10.2%. Cash from operating activities improved markedly to $62.8 million (up 219.6% year‑over‑year).
The company’s revenue fell slightly short of the estimate of $257.9 million, and diluted EPS missed the estimate of $1.34. Overall, Progress Software (PRGS) delivered solid top‑line growth and materially stronger cash generation while earnings per share lagged analyst expectations.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Progress Software Corporation Insider Trading Activity
Progress Software Corporation insiders have traded $PRGS stock on the open market 7 times in the past 6 months. Of those trades, 3 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $PRGS stock by insiders over the last 6 months:
- ANTHONY FOLGER (Chief Financial Officer) has made 0 purchases and 2 sales selling 5,474 shares for an estimated $254,354.
- DAVID KRALL purchased 5,125 shares for an estimated $250,612
- YOGESH K GUPTA (Chief Executive Officer) purchased 2,100 shares for an estimated $103,194
- RAINER GAWLICK purchased 1,710 shares for an estimated $74,350
- YUFAN STEPHANIE WANG (Chief Legal Officer) sold 1,428 shares for an estimated $66,059
- IAN PITT (Chief Information Officer) sold 409 shares for an estimated $18,895
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Progress Software Corporation Hedge Fund Activity
We have seen 146 institutional investors add shares of Progress Software Corporation stock to their portfolio, and 192 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SEIZERT CAPITAL PARTNERS, LLC removed 619,325 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $27,206,947
- AMERICAN CENTURY COMPANIES INC added 550,145 shares (+557.7%) to their portfolio in Q3 2025, for an estimated $24,167,869
- MIZUHO MARKETS AMERICAS LLC removed 477,905 shares (-62.2%) from their portfolio in Q3 2025, for an estimated $20,994,366
- DEUTSCHE BANK AG\ removed 437,584 shares (-50.4%) from their portfolio in Q3 2025, for an estimated $19,223,065
- QUBE RESEARCH & TECHNOLOGIES LTD added 371,593 shares (+inf%) to their portfolio in Q3 2025, for an estimated $16,324,080
- MORGAN STANLEY removed 352,132 shares (-41.6%) from their portfolio in Q3 2025, for an estimated $15,469,158
- JEFFERIES FINANCIAL GROUP INC. removed 337,505 shares (-60.1%) from their portfolio in Q3 2025, for an estimated $14,826,594
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Progress Software Corporation Government Contracts
We have seen $74,243 of award payments to $PRGS over the last year.
Here are some of the awards which we have have seen pay out the most over the last year:
- PROGRESS(R) DEVCRAFT COMPLETE DEVELOPER LICENSE: $51,574
- FY25 SITEFINITY RENEWAL: $18,635
- PROGRESS DEVCRAFT COMPLETE DEVELOPER LICENSE: $4,032
To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.
Progress Software Corporation Analyst Ratings
Wall Street analysts have issued reports on $PRGS in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Citigroup issued a "Buy" rating on 10/13/2025
- DA Davidson issued a "Buy" rating on 09/30/2025
To track analyst ratings and price targets for Progress Software Corporation, check out Quiver Quantitative's $PRGS forecast page.
Progress Software Corporation Price Targets
Multiple analysts have issued price targets for $PRGS recently. We have seen 3 analysts offer price targets for $PRGS in the last 6 months, with a median target of $54.0.
Here are some recent targets:
- Fatima Boolani from Citigroup set a target price of $54.0 on 01/16/2026
- Lucky Schreiner from DA Davidson set a target price of $70.0 on 01/15/2026
- Brent Thill from Jefferies set a target price of $45.0 on 01/05/2026
