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Realtime updates for Progress Software Corp [PRGS]

Exchange: NASDAQ Sector: Technology Industry: Software—Application
Last Updated23 Apr 2024 @ 16:00

0.47% $ 51.43

SELL 101593 min ago

@ $55.03

Issued: 13 Feb 2024 @ 15:43


Return: -6.54%


Previous signal: Feb 9 - 14:45


Previous signal: Buy


Return: -3.74 %

Live Chart Being Loaded With Signals

Commentary (23 Apr 2024 @ 16:00):
Profile picture for Progress Software Corp

Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; developer tools that consists of components for user interface development for Web, mobile, desktop, chat, and AR/VR apps, as well as automated application testing and reporting tools; Sitefinity, a web content management and customer analytics platform; Corticon, a business rules management system that provides applications with decision automation and change process, and decision-related insight capabilities...

Stats
Today's Volume 630 297
Average Volume 630 625
Market Cap 2.22B
EPS $0 ( 2024-03-26 )
Next earnings date ( $0.950 ) 2024-07-04
Last Dividend $0.175 ( 2023-11-30 )
Next Dividend $0 ( N/A )
P/E 33.18
ATR14 $0.0420 (0.08%)
Insider Trading
Date Person Action Amount type
2024-04-11 Krall David Sell 20 000 Common Stock
2024-04-01 Lococo Domenic Buy 885 Common Stock
2024-04-01 Lococo Domenic Sell 260 Common Stock
2024-04-01 Lococo Domenic Sell 885 Restricted Stock Units
2024-04-01 Lococo Domenic Buy 375 Common Stock
INSIDER POWER
-34.39
Last 100 transactions
Buy: 130 718 | Sell: 262 883

Volume Correlation

Long: -0.06 (neutral)
Short: -0.63 (weak negative)
Signal:(41.306) Neutral

Progress Software Corp Correlation

10 Most Positive Correlations
TAYD0.923
APLS0.919
LECO0.919
TBBK0.918
SLMBP0.918
SOHOB0.913
SOHON0.913
HTBI0.907
NCAC0.906
TIGO0.906
10 Most Negative Correlations
ALRN-0.921
AVIR-0.921
LSAQ-0.9
GBNH-0.897
ATSG-0.887
APM-0.882
FEYE-0.879
ACRS-0.879
GMII-0.877
ASPU-0.874

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Progress Software Corp Correlation - Currency/Commodity

The country flag -0.34
( neutral )
The country flag -0.34
( neutral )
The country flag 0.00
( neutral )
The country flag -0.21
( neutral )
The country flag 0.62
( weak )
The country flag -0.06
( neutral )

Progress Software Corp Financials

Annual 2023
Revenue: $694.44M
Gross Profit: $567.86M (81.77 %)
EPS: $1.620
Q1 2024
Revenue: $184.69M
Gross Profit: $134.49M (72.82 %)
EPS: $0.520
Q4 2023
Revenue: $176.97M
Gross Profit: $143.31M (80.98 %)
EPS: $0.350
Q3 2023
Revenue: $174.99M
Gross Profit: $142.07M (81.19 %)
EPS: $0.440

Financial Reports:

No articles found.

Progress Software Corp Dividends

(Q3/22) (Q4/22) (Q1/23) (Q2/23) (Q3/23) (Q4/23) (Q1/24) (Q2/24) (Q3/24) (Q4/24)
$0.175
(N/A)
$0.175
(N/A)
$0.175
(N/A)
$0.175
(N/A)
$0.175
(N/A)
$0.175
(N/A)
$0
(N/A)
$0
(N/A)
$0
(N/A)
$0
(N/A)

Progress Software Corp Dividend Information - Dividend Knight

Dividend Sustainability Score: 10.00 - good (100.00%) | Divividend Growth Potential Score: 6.60 - Stable (32.00%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information
First Dividend $0.125 2016-11-29
Last Dividend $0.175 2023-11-30
Next Dividend $0 N/A
Payout Date 2023-12-15
Next Payout Date N/A
# dividends 29 --
Total Paid Out $4.62 --
Avg. Dividend % Per Year 0.97% --
Score 4.76 --
Div. Sustainability Score 10.00
Div.Growth Potential Score 6.60
Div. Directional Score 8.61 --
Next Divdend (Est)
(2024-07-01)
$0.178 Estimate 38.97 %
Dividend Stability
0.78 Good
Dividend Score
4.76
Pay Frequency
Quarterly
Yearly Payout
Year Amount Yield
2016 $0.125 0.52%
2017 $0.515 1.61%
2018 $0.575 1.33%
2019 $0.630 1.78%
2020 $0.670 1.59%
2021 $0.700 1.57%
2022 $0.700 1.45%
2023 $0.700 1.37%
2024 $0 0.00%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. However, its Dividend Growth Potential Score (DGPS) is only moderate, indicating limited growth potential. In summary, the company provides a promising overall dividend outlook, balancing both sustainability and growth potential.

Top 10 dividend Companies for NASDAQ

Symbol Title Last dividend Frequency Years Dividend Yearly Dividend Score
GAIN Dividend Royal 2023-12-04 Monthly 20 8.19% 8.50
GLDI Dividend Royal 2023-11-20 Monthly 12 7.15% 8.50
OXLC Dividend Royal 2023-12-14 Monthly 14 10.00% 8.50
PSEC Dividend Royal 2023-12-26 Monthly 21 7.04% 8.50
SLVO Dividend Royal 2023-11-20 Monthly 12 10.77% 8.50
QYLD Dividend Royal 2023-11-20 Monthly 11 7.50% 8.50
OXSQ Dividend Diamond 2023-12-14 Monthly 21 9.10% 8.50
HRZN Dividend King 2023-12-18 Monthly 15 6.60% 8.45
USOI Dividend Royal 2023-11-20 Monthly 8 16.70% 8.28
PFLT Dividend King 2023-11-15 Monthly 14 6.50% 8.27

Dividend Sustainability Score (DSS)

RatioActual ValueWeightNormalized ValueScoreRange
netProfitMarginTTM0.09671.5008.0710.00[0 - 0.5]
returnOnAssetsTTM0.04471.2008.5110.00[0 - 0.3]
returnOnEquityTTM0.1551.5009.3910.00[0.1 - 1]
payoutRatioTTM0.458-1.0005.42-5.42[0 - 1]
currentRatioTTM0.9520.800-0.239-0.192[1 - 3]
quickRatioTTM0.8050.8009.977.98[0.8 - 2.5]
cashRatioTTM0.4101.5008.8410.00[0.2 - 2]
debtRatioTTM0.453-1.5002.45-3.68[0 - 0.6]
interestCoverageTTM4.651.0009.399.39[3 - 30]
operatingCashFlowPerShareTTM4.482.008.5110.00[0 - 30]
freeCashFlowPerShareTTM4.352.007.8210.00[0 - 20]
debtEquityRatioTTM1.518-1.5003.93-5.89[0 - 2.5]
grossProfitMarginTTM0.7891.0000.1770.177[0.2 - 0.8]
operatingProfitMarginTTM0.1761.0008.488.48[0.1 - 0.6]
cashFlowToDebtRatioTTM0.2801.0009.569.56[0.2 - 2]
assetTurnoverTTM0.4620.800-0.254-0.203[0.5 - 2]
Total Score10.62

Dividend Growth Score (DGS)

RatioActual ValueWeightNormalized ValueScoreRange
peRatioTTM32.571.0006.810[1 - 100]
returnOnEquityTTM0.1552.509.6110.00[0.1 - 1.5]
freeCashFlowPerShareTTM4.352.008.5510.00[0 - 30]
dividendYielPercentageTTM1.3611.50010.000[0 - 0.4]
operatingCashFlowPerShareTTM4.482.008.5110.00[0 - 30]
payoutRatioTTM0.4581.5005.42-5.42[0 - 1]
pegRatioTTM1.4581.5003.620[0.5 - 2]
operatingCashFlowSalesRatioTTM0.2741.0005.640[0.1 - 0.5]
Total Score6.60

Progress Software Corp

Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; developer tools that consists of components for user interface development for Web, mobile, desktop, chat, and AR/VR apps, as well as automated application testing and reporting tools; Sitefinity, a web content management and customer analytics platform; Corticon, a business rules management system that provides applications with decision automation and change process, and decision-related insight capabilities. It also offers DataDirect Connect, which provides data connectivity using industry-standard interfaces to connect applications running on various platforms; MOVEit that offers secure collaboration and automated file transfers of critical business information; Chef, an infrastructure automation platform to build, deploy, manage, and secure applications in multi-cloud and hybrid environments, and on-premises; and WhatsUp Gold, a network monitoring solution. In addition, the company provides Kemp LoadMaster, a load balancing solutions; and Kemp Flowmon network performance monitoring and diagnostic solutions that collect and analyze network telemetry from various sources. Further, it provides project management, implementation, custom development, programming, and other services, as well as web-enable applications; and training services. The company sells its products to end users, independent software vendors, original equipment manufacturers, and system integrators. It has operations in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.

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