What is Wedbush’s Forecast for PRGS Q1 Earnings?

Progress Software Co. (NASDAQ:PRGS) – Investment analysts at Wedbush issued their Q1 2026 EPS estimates for shares of Progress Software in a research note issued on Wednesday, January 22nd. Wedbush analyst D. Ives expects that the software maker will post earnings of $1.23 per share for the quarter. The consensus estimate for Progress Software’s current full-year earnings is $4.59 per share. Wedbush also issued estimates for Progress Software’s Q3 2026 earnings at $1.16 EPS, Q4 2026 earnings at $1.43 EPS and FY2026 earnings at $4.89 EPS.

Several other research analysts also recently commented on PRGS. DA Davidson reaffirmed a “buy” rating and set a $75.00 price objective on shares of Progress Software in a research report on Tuesday. Jefferies Financial Group lifted their price target on shares of Progress Software from $65.00 to $70.00 and gave the company a “hold” rating in a report on Monday, January 6th. StockNews.com cut shares of Progress Software from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Oppenheimer upped their target price on shares of Progress Software from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Finally, Guggenheim restated a “buy” rating and issued a $83.00 price objective on shares of Progress Software in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Progress Software presently has an average rating of “Moderate Buy” and a consensus target price of $72.43.

Progress Software Price Performance

NASDAQ PRGS opened at $54.12 on Friday. The business’s fifty day moving average is $65.96 and its 200 day moving average is $62.34. Progress Software has a fifty-two week low of $48.00 and a fifty-two week high of $70.56. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.23 and a current ratio of 0.81. The company has a market capitalization of $2.35 billion, a PE ratio of 34.69, a price-to-earnings-growth ratio of 6.24 and a beta of 0.93.

Institutional Trading of Progress Software

A number of large investors have recently added to or reduced their stakes in PRGS. Pacer Advisors Inc. grew its holdings in shares of Progress Software by 45,918.9% in the fourth quarter. Pacer Advisors Inc. now owns 1,143,110 shares of the software maker’s stock valued at $74,474,000 after purchasing an additional 1,140,626 shares in the last quarter. Leuthold Group LLC increased its holdings in shares of Progress Software by 958.1% in the 3rd quarter. Leuthold Group LLC now owns 409,752 shares of the software maker’s stock worth $27,605,000 after buying an additional 371,026 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Progress Software by 74.2% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 589,698 shares of the software maker’s stock valued at $39,728,000 after buying an additional 251,125 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Progress Software by 530.5% in the 2nd quarter. Marshall Wace LLP now owns 263,062 shares of the software maker’s stock valued at $14,274,000 after acquiring an additional 221,336 shares during the last quarter. Finally, Citigroup Inc. increased its stake in Progress Software by 42.8% during the third quarter. Citigroup Inc. now owns 492,384 shares of the software maker’s stock worth $33,172,000 after acquiring an additional 147,457 shares during the last quarter.

About Progress Software

Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers.