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Progress Software provides products to develop, deploy and manage applications. Co.'s products are sold as perpetual licenses, but certain products also use term licensing models and its cloud-based offerings use a subscription-based model. Co.'s products and solutions include OpenEdge; Developer Tools; Sitefinity; Corticon; DataDirect Connect; MOVEit; Chief; WhatsUp Gold; Kemp Loadmaster; and Kemp Flowmon Network Visibility. Co. operates in North America and Latin America; Europe, the Middle East and Africa; and the Asia Pacific region, through local subsidiaries as well as independent distributors. According to our PRGS split history records, Progress Software has had 4 splits.
PRGS split history picture
Progress Software (PRGS) has 4 splits in our PRGS split history database. The first split for PRGS took place on November 28, 1995. This was a 2 for 1 split, meaning for each share of PRGS owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. PRGS's second split took place on July 14, 1998. This was a 3 for 2 split, meaning for each 2 shares of PRGS owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split. PRGS's third split took place on January 24, 2000. This was a 2 for 1 split, meaning for each share of PRGS owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split. PRGS's 4th split took place on January 31, 2011. This was a 3 for 2 split, meaning for each 2 shares of PRGS owned pre-split, the shareholder now owned 3 shares. For example, a 6000 share position pre-split, became a 9000 share position following the split.

When a company such as Progress Software splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the PRGS split history from start to finish, an original position size of 1000 shares would have turned into 9000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Progress Software shares, starting with a $10,000 purchase of PRGS, presented on a split-history-adjusted basis factoring in the complete PRGS split history. PRGS split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 01/29/2013
End date: 01/27/2023
Start price/share: $24.30
End price/share: $52.83
Starting shares: 411.52
Ending shares: 453.63
Dividends reinvested/share: $3.91
Total return: 139.66%
Average Annual Total Return: 9.13%
Starting investment: $10,000.00
Ending investment: $23,957.50
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 01/29/2013
End date: 01/27/2023
Start price/share: $24.30
End price/share: $52.83
Dividends collected/share: $3.91
Total return: 133.52%
Average Annual Total Return: 8.85%
Starting investment: $10,000.00
Ending investment: $23,349.86
Years: 10.00
Date Ratio
11/28/19952 for 1
07/14/19983 for 2
01/24/20002 for 1
01/31/20113 for 2
PRGS is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:

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Also explore: PRGS shares outstanding history

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