TIAA CREF Investment Management LLC decreased its stake in shares of PROS Holdings, Inc. (NYSE:PRO) by 21.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,012 shares of the software maker’s stock after selling 17,730 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.21% of PROS Holdings worth $1,573,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. American International Group Inc. raised its stake 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 valued at $375,000 after buying an additional 1,021 shares in the last quarter. Trexquant Investment LP purchased a new stake in PROS Holdings during the first quarter valued at about $405,000. Stifel Financial Corp raised its stake in PROS Holdings by 21.3% in the first quarter. Stifel Financial Corp now owns 18,745 shares of the software maker’s stock valued at $454,000 after buying an additional 3,288 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in PROS Holdings by 3.8% in the first quarter. Envestnet Asset Management Inc. now owns 27,542 shares of the software maker’s stock valued at $665,000 after buying an additional 998 shares in the last quarter. Finally, Blair William & Co. IL raised its stake in PROS Holdings by 5.5% in the first quarter. Blair William & Co. IL now owns 32,640 shares of the software maker’s stock valued at $758,000 after buying an additional 1,700 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.
Shares of PROS Holdings, Inc. (PRO) traded down 0.35% on Friday, reaching $25.38. The company had a trading volume of 29,670 shares. PROS Holdings, Inc. has a 12 month low of $17.80 and a 12 month high of $30.49. The firm’s market capitalization is $806.78 million. The company’s 50-day moving average is $28.08 and its 200 day moving average is $25.45.
PROS Holdings (NYSE:PRO) last posted its earnings results on Thursday, August 3rd. The software maker reported ($0.35) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.04. The business had revenue of $40.40 million during the quarter, compared to the consensus estimate of $39.48 million. PROS Holdings had a negative return on equity of 2,114.05% and a negative net margin of 46.55%. PROS Holdings’s revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.26) EPS. Equities analysts forecast that PROS Holdings, Inc. will post ($0.86) earnings per share for the current year.
Several equities research analysts recently issued reports on PRO shares. Deutsche Bank AG upped their price target on PROS Holdings to $35.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Stifel Nicolaus upped their price target on PROS Holdings from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. ValuEngine raised PROS Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Pacific Crest upped their price target on PROS Holdings from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, June 29th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $31.20.
In related news, CEO Andres Reiner sold 28,175 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $29.48, for a total transaction of $830,599.00. Following the completion of the transaction, the chief executive officer now owns 439,490 shares in the company, valued at approximately $12,956,165.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 84,525 shares of company stock valued at $2,412,625 in the last 90 days. 18.90% of the stock is owned by corporate insiders.
PROS Holdings Company Profile
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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