Progress Software Corp (PRGS) Stock Split History

Progress Software Corp has split its stock 4 times since its initial public offering (IPO). The first stock split occurred on November 28, 1995 with the ratio of 2-for-1, meaning that for 1 share of PRGS owned pre-split, shareholders then owned 2 shares. 3 more splits have been implemented since then. The most recent stock split took place on January 31, 2011 on a 3-for-2 basis.

These splits have increased PRGS stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Progress Software Corp's total market capitalization.

For more detailed information of Progress Software Corp's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Progress Software Corp has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when PRGS stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Progress Software Corp's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.