The company's fundamentals are relatively healthy. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. The company is performing well in the stock market, with strong fundamentals and technicals supporting the current trend. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Progress Software Corp's Score
Industry at a Glance
Industry Ranking
8 / 469
Overall Ranking
52 / 4706
Industry
Software & IT Services
Support & Resistance
No Data
Score Analysis
Current score
Previous score
Analyst Rating
Based on
6
analysts
Buy
Current Rating
68.333
Target Price
+47.52%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Progress Software Corp Highlights
StrengthsRisks
Progress Software Corporation is a provider of artificial intelligence (AI)-powered digital experiences and infrastructure software. The Company provides software that enables organizations to develop and deploy their applications, as well as manage their data platforms, cloud and information technology infrastructure. Its global professional services organization delivers business solutions for customers through a combination of products, consulting and education. The Company's consulting organization offers project management, implementation services, custom software development, programming and other services. Its services include application modernization, infrastructure automation, development operations, data management and managed database services, performance enhancements and tuning, and analytics/business intelligence. Its products include OpenEdge, Chef, Kemp LoadMaster, MOVEit, DataDirect, MarkLogic and Semaphore. Semaphore is a semantic artificial intelligence platform.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 25.15% year-on-year.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 34.84%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 34.84%.
Overvalued
The company’s latest PE is 34.52, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 47.45M shares, decreasing 5.71% quarter-over-quarter.
Progress Software Corporation is a provider of artificial intelligence (AI)-powered digital experiences and infrastructure software. The Company provides software that enables organizations to develop and deploy their applications, as well as manage their data platforms, cloud and information technology infrastructure. Its global professional services organization delivers business solutions for customers through a combination of products, consulting and education. The Company's consulting organization offers project management, implementation services, custom software development, programming and other services. Its services include application modernization, infrastructure automation, development operations, data management and managed database services, performance enhancements and tuning, and analytics/business intelligence. Its products include OpenEdge, Chef, Kemp LoadMaster, MOVEit, DataDirect, MarkLogic and Semaphore. Semaphore is a semantic artificial intelligence platform.