Progress Software Corp's fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 3 out of 482 in the Software & IT Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Strong Buy, with the highest price target at 64.32.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Progress Software Corp is 8.40, ranking 88 out of 482 in the Software & IT Services industry. Its financial status is stable, and its operating efficiency is high. Its latest quarterly revenue reached 252.67M, representing a year-over-year increase of 17.54%, while its net profit experienced a year-over-year increase of 2144.55%.
Key Metrics
The current valuation score of Progress Software Corp is 7.97, ranking 151 out of 482 in the Software & IT Services industry. Its current P/E ratio is 25.27, which is 91.27% below the recent high of 48.34 and 10.82% above the recent low of 22.54.
The current earnings forecast score of Progress Software Corp is 9.00, ranking 6 out of 482 in the Software & IT Services industry. The average price target is 72.50, with a high of 83.00 and a low of 50.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Progress Software Corp is 7.44, ranking 34 out of 482 in the Software & IT Services industry. Currently, the stock price is trading between the resistance level at 47.31 and the support level at 38.60, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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The current institutional shareholding score of Progress Software Corp is 10.00, ranking 1 out of 482 in the Software & IT Services industry. The latest institutional shareholding proportion is 112.91%, representing a quarter-over-quarter decrease of 3.77%. The largest institutional shareholder is The Vanguard, holding a total of 5.68M shares, representing 13.48% of shares outstanding, with 0.48% decrease in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Software & IT Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Progress Software Corp is 7.97, ranking 52 out of 482 in the Software & IT Services industry. The company's beta value is 0.57. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. with an industry-leading ESG disclosure.
