Progress Software Stock Fair Value Calculator – New York State Common Retirement Fund Sells 1350 Shares of Progress Software Co.
May 4, 2023
Trending News ☀️
The New York State Common Retirement Fund recently sold 1,350 shares of Progress Software ($NASDAQ:PRGS) Co. at Defense World. Progress Software is a Massachusetts-based public software company that specializes in creating software tools for application development and digital transformation. Progress Software has an impressive portfolio of products and services designed to help customers create innovative digital experiences, streamline operations and create a more secure environment. The company has established itself as a leader in digital transformation, helping organizations around the world leverage technology to reach new levels of efficiency and performance.
Progress Software’s portfolio includes products and services for web, mobile, cloud, and big data, allowing customers to maximize the value of their applications and data investments. The company is also dedicated to providing customers with the highest level of customer service and support, as well as cutting-edge technology. Progress Software has been recognized for its commitment to customer service and innovation.
Market Price
This marked a slight decrease of 0.1% from the previous closing price of $55.0, indicating a largely stable stock market for the company. Despite the minor drop, Progress Software Co. continues to remain a strong contender in the software industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Progress Software. More…
| Total Revenues | Net Income | Net Margin |
| 621.32 | 98.29 | 15.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Progress Software. More…
| Operations | Investing | Financing |
| 194.83 | -333.68 | 102.69 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Progress Software. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.64k | 1.23k | 9.21 |
Key Ratios Snapshot
Some of the financial key ratios for Progress Software are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.8% | 15.1% | 22.9% |
| FCF Margin | ROE | ROA |
| 30.4% | 21.9% | 5.4% |
Analysis – Progress Software Stock Fair Value Calculator
At GoodWhale, we have conducted a financial analysis of PROGRESS SOFTWARE‘s performance. After a thorough review, our proprietary Valution Line calculated an intrinsic value of PROGRESS SOFTWARE’s share to be around $54.7. This puts the current trading price at $54.9, making it a fair price to buy and sell. We believe the stock is currently priced at a fair value and could have potential for growth in the long run. More…
Peers
Progress Software Corporation is an American publicly traded company headquartered in Bedford, Massachusetts. The company develops software products and services for businesses. Progress Software’s main competitors are DocuSign Inc, Pros Holdings Inc, and Sprout Social Inc.
– DocuSign Inc ($NASDAQ:DOCU)
DocuSign Inc is a US provider of electronic signature technology and digital transaction management services, founded in 2003. The company’s software allows users to electronically sign, send, and manage documents. As of 2022, DocuSign has a market cap of 8.52B and a ROE of -15.28%.
– Pros Holdings Inc ($NYSE:PRO)
A market cap of 1.17B means that the company is worth 1.17 billion dollars. The company’s ROE is 195.47%, which means that the company has made 195.47% profit on every dollar that it has invested. The company does business in the healthcare industry.
– Sprout Social Inc ($NASDAQ:SPT)
Sprout Social is a social media management platform that helps brands grow their social media presence. The company has a market cap of $2.61B and a ROE of -17.92%. Sprout Social’s platform helps brands with tasks such as scheduling and publishing content, analyzing social media analytics, andEngaging with their audience.
Summary
Progress Software Corporation (PRGS) is a software company that provides business applications and services. This sale is significant because it suggests that NYSCRF believes PRGS stock is overvalued and that investors should be cautious about investing in the company. Analysts report that the current price-to-earnings ratio (P/E) of PRGS is higher than the industry average, indicating that it may be overvalued.
Additionally, the company’s earnings growth rate has been declining in recent quarters and the stock’s price-to-book value is also higher than the industry average. These factors suggest that investors should be cautious when considering investing in PRGS.
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