How to Buy Progress Software Stock
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.
Progress Software stock last closed at $51.19, up 1.55% from the previous day, and has decreased 9.09% in one year. It has underperformed other stocks in the Software - Application industry by 0.32 percentage points. Progress Software stock is currently +4.47% from its 52-week low of $49.00, and -17.89% from its 52-week high of $62.34.
As of Apr 22, 2024, there are 43.22M shares of PRGS outstanding. The market capitalization of PRGS is $2.21B. In the last 24 hours, 451,113 PRGS shares were traded.
How to Buy Progress Software Stock
Not sure how to invest in Progress Software stock? Here's how.
- Decide where to buy Progress Software stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you decide where to buy Progress Software stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Select your payment method and add your details.
- Analyze Progress Software stock: The Progress Software ticker symbol is PRGS. Is Progress Software stock a good investment? Should you buy shares of PRGS? How do PRGS's underlying business fundamentals look? Do top analysts think Progress Software is a good buy? Why has PRGS's stock price moved recently? (Hint: Our stock market research website can help you evaluate if PRGS is a good stock to buy).
- Place your PRGS purchase: Decide if you will purchase PRGS shares at the current market price or use a limit order to purchase PRGS shares at a particular price.
- Get the latest news on your PRGS investment: Create a watchlist to keep track of your position in Progress Software shares.
Step 1: Decide where to buy Progress Software stock
You need a brokerage account to access the NASDAQ market and buy PRGS shares.
Our recommended brokerage: eToro
Based on our experience, eToro is the best stock brokerage. Here's why:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
- Access to global markets: From Technology to Healthcare, New York to Hong Kong — you can fill your portfolio with stocks from the globe's top exchanges.
- Social investing: eToro boasts a community of more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by opening an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal information so you can buy PRGS today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create your new trading account.
- Send your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've finished signing up on the best stock buying app, you need to deposit funds:
Watch this video walkthrough for more details transferring money into your new brokerage account.
Step 4: Analyze Progress Software stock
After you have chosen the best place to buy Progress Software stock, it's very important to analyze their stock prior to buying, so you can comprehend the risk as well as the upside.
Progress Software shares quick numbers
Progress Software Overview
WallStreetZen was built to help part-time investors do more accurate fundamental analysis.
You can see all of the due diligence checks on PRGS's stock page.
Is PRGS stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge PRGS's true value.
Using relative valuations methods:
- PRGS could be undervalued based on its P/E ratio of 32.19x, relative to Software - Application industry P/E ratio of 100.33x
- PRGS could be undervalued based on its P/B ratio of 4.79x, relative to Software - Application industry P/B ratio of 6.39x
- PRGS may be overvalued based on its PEG ratio of 4.54x
You can do more valuation analysis on PRGS's stock here.
PRGS Financial Health
Positive Health Checks:
- PRGS's operating cash flow of $197.66M allows it to safely service it's debt of $712.29M.
Negative Health Checks:
- There are more short-term liabilities than short-term assets on the PRGS balance sheet.
- PRGS earnings of $109.62M is not sufficient to cover its interest payments.
- PRGS has a relatively high debt to equity ratio of 2.35.
- There are more long-term liabilities than short-term assets on the PRGS balance sheet.
- PRGS profit margin has gone down from 15.8% to 9.7% in the past year.
- Total PRGS debt is higher than 5 years ago, relative to shareholder equity.
Is Progress Software stock a Buy, Hold, or Sell, according to analysts?
Out of 4 sell side analysts who track PRGS, the consensus analyst rating on PRGS is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Progress Software stock forecast page.
Metrics for Advanced PRGS Traders
PRGS Revenue
Last year, PRGS earnings were $69.16M. During the last five year, PRGS's earnings have grown by 9.72% per year. This was slower than the Software - Application industry average of 31.39%.
Last year, PRGS revenue was $714.90M. During the last 5 year, PRGS's revenue has gone up by 13.89% per year. This was slower than the Software - Application industry average of 27.53%.
Learn more about PRGS's earnings and revenue performance here.
What are PRGS insiders up to?
Over the past 12 months, executives and large shareholders at PRGS have sold more shares than they have bought.
David Krall, Director of PRGS, was the latest PRGS insider to sell. They sold $1,020,000.00 worth of PRGS shares on Apr 11, 2024.
Research more about who owns PRGS stock here.
Can I rely on PRGS as an income stream?
Progress Software pays a dividend of 1.37%, compared to the Software - Application industry's average dividend yield of 2.41%. If you owned $1,000 of PRGS stock, you would have received $13.67 in the past 12 months.
Progress Software dividend payments have consistently grown over the past 8 years and have remained stable.
Get more info about Progress Software dividend yield and history here.
Get analysis from other traders
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your PRGS purchase
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact price, use a limit order.
Click the Open Trade button and eToro will place the order.
If you need additional help with buying stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your PRGS investment
Now that you own some PRGS shares, you'll want to stay up-to-date on your new stock purchase.
Create a watchlist to monitor your PRGS stock.
PRGS Feed
How to Buy Stock in Progress Software
To summarize, here are the 6 steps you need to take to buy Progress Software stock right now:
- Decide where to buy Progress Software stock
- Sign up for a brokerage account
- Fund your brokerage account
- Analyze Progress Software stock
- Place your PRGS purchase
- Get the latest news on your PRGS investment
If you need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to monitor your investment in Progress Software, add PRGS to your watchlist by clicking the button below.
More Articles You May Enjoy
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.