PROGRESS SOFTWARE CORP /MA (PRGS)

Progress Software Corp. engages in the provision of products that develop and deploy mission-critical business applications. Its products and solutions include OpenEdge, Developer Tools, Sitefinity, Corticon, DataDirect Connect, MOVEit, Chef, WhatsUp Gold, Kemp Loadmaster, and Kemp Flowmon Network Visibility. The company was founded by Joseph Wright Alsop, Clyde Kessel, and Charles Arthur Ziering in 1981 and is headquartered in Burlington, MA.

Address

15 WAYSIDE ROAD, SUITE 400

BURLINGTON, MA 01803

Founded

1981

Number of Employees

2,284

Website

http://www.progress.com

Buyback

Buyback Data	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	Average
$ Amount Purchased ($ in 000s)	$42,776	$32,780	$71,264	$78,586	$85,272	$24,986	$59,973	$34,994	$77,008	$33,950	$72,428	$55,820
Average Price	$22.55	$25.80	$25.22	$34.23	$41.53	$36.32	$41.49	$43.86	$45.45	$55.55	$53.46	$36.26
# Shares Purchased	1,897,307	1,270,755	2,825,956	2,296,003	2,053,354	687,918	1,445,325	797,922	1,694,508	611,144	1,354,769	1,539,542

Buyback Performance	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	Average
Total Return to Date	152.8%	121.0%	126.0%	66.5%	37.3%	56.9%	37.4%	30.0%	25.4%	2.6%	6.6%	57.2%
S&P 500 Return to Date	181.9%	173.0%	168.6%	129.7%	104.9%	93.1%	74.8%	31.7%	37.3%	31.3%	7.4%	94.0%
Excess Total Return	-29.0%	-52.0%	-42.6%	-63.2%	-67.6%	-36.2%	-37.5%	-1.7%	-11.8%	-28.7%	-0.8%	-36.8%
Quartile Rank
Percentile Rank	68%	64%	65%	60%	53%	62%	49%	69%	67%	40%	55%	74%

Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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