Progress Software Stock Fair Value – HRT Financial LP Takes New Position in Progress Software Co. in 4th Quarter
June 3, 2023
☀️Trending News
Progress Software ($NASDAQ:PRGS) Co. is a leading provider of business applications, including data access, business integration, and business process management. Progress Software Co.’s impressive portfolio of products and services caters to a range of industries, including financial services, healthcare, manufacturing, and retail. The latest 13F filing from HRT Financial LP reveals that the firm has acquired a stake in Progress Software Co. in the fourth quarter. The filing details the firm’s holdings in the company, as well as its activity in the stock during the period.
Share Price
This news saw the PROGRESS SOFTWARE stock open at $60.3 and close at $60.0. It was a minor decrease in the stock price, however, the overall change in the company’s market value was seen as largely stable. Furthermore, the news of HRT Financial LP’s position in PROGRESS SOFTWARE Co. has already been met with positive sentiment from investors and analysts alike. With the addition of this new investor, many are expecting PROGRESS SOFTWARE Co. to see a strong performance in the upcoming quarters. 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
At GoodWhale, we conducted an analysis of PROGRESS SOFTWARE‘s wellbeing. After completing the analysis, our proprietary Valuation Line estimated that the fair value of PROGRESS SOFTWARE shares to be around $54.8. Currently, PROGRESS SOFTWARE stock is being traded at $60.0, which is a fair price that is slightly overvalued by 9.6%. More…
Peers
Progress Software Corporation is an American publicly traded company headquartered in Bedford, Massachusetts. The company develops software products and services for businesses. Progress Software’s main competitors are DocuSign Inc, Pros Holdings Inc, and Sprout Social Inc.
– DocuSign Inc ($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 (Nasdaq:PRGS) is an enterprise software company that provides cloud-based and on-premise applications to enable organizations to be more agile, efficient, and profitable. Analysts have generally been positive about the company, citing its strong balance sheet and long-term growth potential, as well as its diverse set of offerings. They believe that the company has a unique competitive advantage in the market, as well as a long-term potential to increase its customer base. Progress Software has a number of projects in the pipeline that could potentially drive future growth.
Additionally, the stock is trading at a relatively attractive valuation, making it an attractive investment option and an attractive target for value investors.
