What is the 13F Pro Quality Score for PRGS?

13F Pro ranks PROGRESS SOFTWARE CORP /MA (PRGS) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View PRGS's current score at https://13fpro.ai/research/PRGS (free sign-up required for the full ranking).

Which hedge funds own the most PRGS stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of PRGS include BlackRock,, LINDEN ADVISORS, VANGUARD PORTFOLIO MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/PRGS as soon as new 13F filings post.

Where does 13F Pro source PRGS data?

All PROGRESS SOFTWARE CORP /MA fundamentals and ownership data come directly from SEC EDGAR. PROGRESS SOFTWARE CORP /MA files with the SEC under CIK 876167. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is PRGS in?

PROGRESS SOFTWARE CORP /MA (PRGS) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

How often is PRGS research updated on 13F Pro?

PRGS's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

PROGRESS SOFTWARE CORP /MA(PRGS)Stock Analysis

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13F Pro Quality Score

58.2/100

Rank #1,002 of 2,879 stocksTOP 50%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

78.8/100

Profitability

45.1/100

Balance Sheet

57.0/100

Earnings Quality

31.6/100

Free Cash Flow

84.1/100

Institutional Flow

45.5/100

Revenue Scale

48.9/100

Dilution Risk

22.0/100

PRGS Stock Analysis & AI Quality Score

AI stock analysis and institutional research for PROGRESS SOFTWARE CORP /MA (PRGS), a Technology sector company. 13F Pro's AI-powered ranking engine scores PRGS at 58.2/100 on a 32-signal composite quality model, placing it at rank #1,002 of 2,879 stocks — the top half of the AI-ranked universe. PRGS scores in the top quartile across free cash flow (84.1), revenue growth (78.8). Areas of concern include earnings quality (31.6), which score below median versus the broader universe. Shareholder dilution risk is elevated at 22.0/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), PROGRESS SOFTWARE CORP /MA reports quarterly revenue of $253.5M, net income of $21.1M, an operating margin of 17.8%. Top institutional holders of PRGS by reported 13-F value include BlackRock,, LINDEN ADVISORS, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. PRGS trades on the Nasdaq exchange and files with the SEC under CIK 876167. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PRGS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for PROGRESS SOFTWARE CORP /MA directly from SEC EDGAR. PROGRESS SOFTWARE CORP /MA's 13F Pro composite quality score has ranged between 8 and 72 since 2021, currently 58.2 — a declining long-term trajectory across 56 quarterly and live scoring snapshots.

Revenue

Q2 2026

$253.5M

Net Income

Q2 2026

$21.1M

Free Cash Flow

Q2 2026

$77.0M

Operating Margin

Q2 2026

17.8%

ROIC

Q2 2026

2.5%

D/E Ratio

Q2 2026

2.55

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+29.8% YoY

$977.8MFY 2025

FY22 $602.0MFY23 $694.4MFY24 $753.4MFY25 $977.8M

Net Income

+6.9% YoY

$73.1MFY 2025

FY22 $95.1MFY23 $70.2MFY24 $68.4MFY25 $73.1M

Operating Income

+23.6% YoY

$153.3MFY 2025

FY22 $132.1MFY23 $110.5MFY24 $124.0MFY25 $153.3M

EPS (Diluted)

+7.8% YoY

$1.66FY 2025

FY22 $2.15FY23 $1.57FY24 $1.54FY25 $1.66

Total Assets

-2.7% YoY

$2.46BFY 2025

FY22 $1.41BFY23 $1.60BFY24 $2.53BFY25 $2.46B

Total Debt

+15.3% YoY

$1.76BFY 2025

FY22 $618.1MFY23 $724.0MFY24 $1.53BFY25 $1.76B

Op. Cash Flow

+11.2% YoY

$235.2MFY 2025

FY22 $192.2MFY23 $173.9MFY24 $211.5MFY25 $235.2M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020	FY 2019
Revenue	$977.8M +29.8%	$753.4M +8.5%	$694.4M +15.4%	$602.0M +36.2%	$442.1M +7.0%	$413.3M
Net Income	$73.1M +6.9%	$68.4M -2.5%	$70.2M -26.2%	$95.1M +19.3%	$79.7M +202.0%	$26.4M
Operating Income	$153.3M +23.6%	$124.0M +12.2%	$110.5M -16.4%	$132.1M +22.7%	$107.7M +168.8%	$40.1M
EPS (Diluted)	$1.66 +7.8%	$1.54 -1.9%	$1.57 -27.0%	$2.15 +22.2%	$1.76 +203.4%	$0.58
Total Assets	$2.46B -2.7%	$2.53B +57.7%	$1.60B +13.6%	$1.41B +35.5%	$1.04B +18.2%	$881.3M
Total Debt	$1.76B +15.3%	$1.53B +110.8%	$724.0M +17.1%	$618.1M +53.5%	$402.7M +30.8%	$308.0M
Operating Cash Flow	$235.2M +11.2%	$211.5M +21.6%	$173.9M -9.5%	$192.2M +32.7%	$144.8M +12.7%	$128.5M

AI Insight: PRGS Ratio Trends

Operational recovery underway post-Q4 2024 collapse, but ROIC volatility and elevated leverage signal incomplete stabilization.

• Operating margin recovered from 10.0% in Q4 2024 to 17.8% in Q2 2026, approaching pre-collapse levels.

• Net profit margin rebounded from 0.5% in Q4 2024 to 8.3% in Q2 2026, indicating improved bottom-line execution.

• ROIC remains elevated at 10.1% in Q2 2026 versus 6.7% in Q1 2025, though below Q3 2024's 37.9% peak.

⚠ Debt-to-equity spiked to 3.68x in Q4 2025, up from 0.00x in Q3 2024, indicating aggressive leverage increase.

⚠ ROIC volatility persists: swung from 6.9% in Q4 2025 to 8.5% in Q1 2026 to 10.1% in Q2 2026.

⚠ ROE and ROA compressed meaningfully; TTM ROE of 17.6% and ROA of 3.8% well below Q3 2024 peaks.

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Available Research

13F Pro tracks comprehensive data for PROGRESS SOFTWARE CORP /MA including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of PRGS

BlackRock, Inc.
$178.8M6,972,080 sh
LINDEN ADVISORS LP
$135.7M152,347,000 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$88.0M3,430,715 sh
MILLENNIUM MANAGEMENT LLC
$54.2M54,318,000 sh
CAPSTONE INVESTMENT ADVISORS, LLC
$54.0M54,019,000 sh
VANGUARD CAPITAL MANAGEMENT LLC
$49.5M1,928,640 sh
STATE STREET CORP
$45.2M1,761,009 sh
Boston Trust Walden Corp
$44.1M1,720,324 sh
AQR Arbitrage LLC
$37.6M42,161,000 sh
OAKTREE CAPITAL MANAGEMENT LP
$36.1M36,154,000 sh

Fund	Value	Shares
BlackRock, Inc.	$178.8M	6,972,080
LINDEN ADVISORS LP	$135.7M	152,347,000
VANGUARD PORTFOLIO MANAGEMENT LLC	$88.0M	3,430,715
MILLENNIUM MANAGEMENT LLC	$54.2M	54,318,000
CAPSTONE INVESTMENT ADVISORS, LLC	$54.0M	54,019,000
VANGUARD CAPITAL MANAGEMENT LLC	$49.5M	1,928,640
STATE STREET CORP	$45.2M	1,761,009
Boston Trust Walden Corp	$44.1M	1,720,324
AQR Arbitrage LLC	$37.6M	42,161,000
OAKTREE CAPITAL MANAGEMENT LP	$36.1M	36,154,000

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Is PRGS a good stock to buy?

13F Pro's AI-powered analysis of PROGRESS SOFTWARE CORP /MA (PRGS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PRGS are available on the PRGS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own PRGS?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PRGS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of PROGRESS SOFTWARE CORP /MA's investment landscape.