Progress Software (NASDAQ:PRGS) Stock Unloaded Rep. Lisa C. McClain

Representative Lisa C. McClain (R-Michigan) recently sold shares of Progress Software Corporation (NASDAQ:PRGS). In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Progress Software stock on July 16th. The trade occurred in the Representative’s “CHARLES SCHWAB BROKERAGE ACCOUNT 924” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Autoliv (NYSE:ALV) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Arthur J. Gallagher & Co. (NYSE:AJG) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of SAP (NYSE:SAP) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of XPO (NYSE:XPO) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of Lithia Motors (NYSE:LAD) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Sanofi (NASDAQ:SNY) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of Group 1 Automotive (NYSE:GPI) on 7/22/2025.

Progress Software Stock Performance

Shares of NASDAQ:PRGS opened at $45.73 on Monday. The company’s 50 day simple moving average is $53.33 and its 200 day simple moving average is $56.32. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 2.16 and a beta of 0.70. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.43 and a quick ratio of 0.43. Progress Software Corporation has a 1 year low of $42.88 and a 1 year high of $70.56.

Progress Software (NASDAQ:PRGS) last announced its quarterly earnings results on Monday, June 30th. The software maker reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.10. The firm had revenue of $237.36 million during the quarter, compared to analysts’ expectations of $237.23 million. Progress Software had a net margin of 6.63% and a return on equity of 43.72%. The company’s revenue was up 35.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 EPS. As a group, research analysts predict that Progress Software Corporation will post 4.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Progress Software

Institutional investors have recently made changes to their positions in the business. DLD Asset Management LP grew its holdings in shares of Progress Software by 31.5% in the second quarter. DLD Asset Management LP now owns 43,000,000 shares of the software maker’s stock valued at $2,745,120,000 after purchasing an additional 10,300,000 shares in the last quarter. Natixis boosted its stake in Progress Software by 287.1% during the fourth quarter. Natixis now owns 518,700 shares of the software maker’s stock worth $33,793,000 after buying an additional 384,700 shares during the period. Swedbank AB lifted its position in shares of Progress Software by 65.8% during the first quarter. Swedbank AB now owns 728,748 shares of the software maker’s stock worth $37,538,000 after purchasing an additional 289,122 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Progress Software by 75.6% during the first quarter. Goldman Sachs Group Inc. now owns 560,943 shares of the software maker’s stock worth $28,894,000 after purchasing an additional 241,515 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Progress Software during the fourth quarter worth $15,432,000.

Insider Transactions at Progress Software

In other news, Director Rainer Gawlick bought 1,710 shares of Progress Software stock in a transaction on Tuesday, August 12th. The stock was acquired at an average cost of $43.48 per share, for a total transaction of $74,350.80. Following the completion of the acquisition, the director owned 55,544 shares of the company’s stock, valued at $2,415,053.12. This trade represents a 3.18% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Anthony Folger sold 5,529 shares of the business’s stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $52.97, for a total value of $292,871.13. Following the sale, the chief financial officer owned 43,559 shares in the company, valued at $2,307,320.23. The trade was a 11.26% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group reiterated a “hold” rating on shares of Progress Software in a research note on Friday, June 27th. Wedbush reiterated an “outperform” rating and issued a $75.00 target price on shares of Progress Software in a research note on Friday, June 27th. DA Davidson lifted their target price on shares of Progress Software from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, July 1st. Wall Street Zen downgraded shares of Progress Software from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 5th. Finally, Citigroup reduced their target price on shares of Progress Software from $64.00 to $57.00 and set a “neutral” rating for the company in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Progress Software has a consensus rating of “Moderate Buy” and an average price target of $73.33.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Progress Software

Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers.