US Bancorp DE cut its position in PROS Holdings, Inc. (NYSE:PRO) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,972 shares of the software maker’s stock after selling 1,080 shares during the period. US Bancorp DE owned approximately 0.14% of PROS Holdings worth $1,177,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the company. Bank of Montreal Can boosted its stake in shares of PROS Holdings by 1.4% in the second quarter. Bank of Montreal Can now owns 4,414 shares of the software maker’s stock valued at $121,000 after buying an additional 59 shares in the last quarter. Menta Capital LLC purchased a new position in PROS Holdings during the first quarter worth approximately $267,000. American International Group Inc. boosted its position in PROS Holdings by 7.0% in the first quarter. American International Group Inc. now owns 15,507 shares of the software maker’s stock worth $375,000 after buying an additional 1,021 shares during the last quarter. Trexquant Investment LP purchased a new position in PROS Holdings during the first quarter worth approximately $405,000. Finally, Stifel Financial Corp boosted its position in PROS Holdings by 21.3% in the first quarter. Stifel Financial Corp now owns 18,745 shares of the software maker’s stock worth $454,000 after buying an additional 3,288 shares during the last quarter. Institutional investors and hedge funds own 87.86% of the company’s stock.
PROS Holdings, Inc. (PRO) opened at 26.02 on Friday. PROS Holdings, Inc. has a 52 week low of $17.80 and a 52 week high of $30.49. The company has a 50-day moving average of $28.04 and a 200-day moving average of $25.64. The stock’s market capitalization is $827.12 million.
PROS Holdings (NYSE:PRO) last announced its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.04. PROS Holdings had a negative net margin of 46.55% and a negative return on equity of 2,114.05%. The company had revenue of $40.40 million for the quarter, compared to the consensus estimate of $39.48 million. During the same quarter in the prior year, the firm earned ($0.26) earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. Analysts anticipate that PROS Holdings, Inc. will post ($0.86) earnings per share for the current year.
PRO has been the subject of a number of analyst reports. Stifel Nicolaus raised their price objective on PROS Holdings from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Pacific Crest lifted their price objective on PROS Holdings from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, June 29th. ValuEngine raised PROS Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Deutsche Bank AG lifted their target price on PROS Holdings to $35.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $31.20.
In other PROS Holdings news, CEO Andres Reiner sold 28,175 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $27.48, for a total value of $774,249.00. Following the sale, the chief executive officer now owns 417,715 shares of the company’s stock, valued at $11,478,808.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 84,525 shares of company stock worth $2,412,625 in the last ninety days. Insiders own 18.90% of the company’s stock.
About PROS Holdings
PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.
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