Envestnet Asset Management Sells Over 226K Shares of Progress Software Co

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Progress Software ($NASDAQ:PRGS) Co. is a provider of software solutions for enterprises, with offerings that range from software platforms and application development tools to mobile and cloud-based solutions. The company’s technology platform enables the creation of highly scalable applications, while its cloud-based solutions allow for easy deployment of applications across different devices.

Additionally, its mobile solutions provide customers with a wide range of options for developing apps for their individual needs. Progress Software Co.’s solutions are used by leading organizations such as Microsoft, Oracle, and IBM. Despite the recent dip in stock price, Progress Software Co.’s long-term prospects remain solid given its strong portfolio of products and services.

Market Price

The stock opened at $53.0 and closed at $53.6, representing a 1.0% increase from its previous closing price of 53.1. This comes as PROGRESS SOFTWARE has seen its share price fluctuate in recent weeks. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Progress Software. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Progress Software. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Progress Software. More…

Key Ratios Snapshot

Some of the financial key ratios for Progress Software are shown below. More…

Analysis

GoodWhale has conducted an analysis of PROGRESS SOFTWARE‘s fundamentals and have found that the company is strong in asset, dividend, growth, and profitability. As a result, we have classified PROGRESS SOFTWARE as a ‘gorilla’, a type of company that is able to achieve stable and high revenue and earning growth due to its strong competitive advantage. We believe that such a company would interest a variety of investors, especially those looking for a long-term investment. Additionally, PROGRESS SOFTWARE has a very high health score of 8/10 which indicates that the company is well-positioned to sustain future operations in times of crisis due to its secure cashflows and low levels of debt. 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

Despite these worries, most are still optimistic about the progress of the company and its long-term prospects. They point to the strong fundamentals of the company and its diverse range of products and services as reasons for potential future growth. Investors should continue to closely monitor Progress Software Co. for signs of both long-term progress and short-term volatility.