Vanguard Group Inc. boosted its position in PROS Holdings, Inc. (NYSE:PRO) by 10.5% during the first quarter, Holdings Channel reports. The institutional investor owned 1,203,757 shares of the software maker’s stock after buying an additional 114,641 shares during the period. Vanguard Group Inc.’s holdings in PROS Holdings were worth $29,119,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in PRO. Norges Bank bought a new stake in PROS Holdings during the fourth quarter worth approximately $9,415,000. Teachers Advisors LLC boosted its stake in PROS Holdings by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 41,140 shares of the software maker’s stock worth $885,000 after buying an additional 1,105 shares during the last quarter. Rockefeller Financial Services Inc. boosted its stake in PROS Holdings by 4.0% in the first quarter. Rockefeller Financial Services Inc. now owns 845,705 shares of the software maker’s stock worth $20,458,000 after buying an additional 32,528 shares during the last quarter. Trexquant Investment LP bought a new stake in PROS Holdings during the first quarter worth approximately $405,000. Finally, Brown Capital Management LLC boosted its stake in PROS Holdings by 0.6% in the first quarter. Brown Capital Management LLC now owns 4,912,609 shares of the software maker’s stock worth $118,836,000 after buying an additional 27,789 shares during the last quarter. 87.86% of the stock is owned by institutional investors and hedge funds.
PROS Holdings, Inc. (NYSE:PRO) traded down 1.27% on Friday, hitting $25.64. 17,626 shares of the company were exchanged. The stock’s market capitalization is $815.04 million. The company has a 50 day moving average price of $28.07 and a 200-day moving average price of $25.62. PROS Holdings, Inc. has a 52 week low of $17.80 and a 52 week high of $30.49.
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 analysts’ consensus estimates of ($0.39) by $0.04. The firm had revenue of $40.40 million for the quarter, compared to the consensus estimate of $39.48 million. PROS Holdings had a negative net margin of 46.55% and a negative return on equity of 2,114.05%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.26) EPS. On average, equities analysts expect that PROS Holdings, Inc. will post ($0.86) earnings per share for the current fiscal year.
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A number of equities research analysts have commented on PRO shares. Stifel Nicolaus raised their price target on shares of PROS Holdings from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Deutsche Bank AG raised their price target on shares of PROS Holdings to $35.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. ValuEngine upgraded shares of PROS Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Pacific Crest lifted their price objective on shares of PROS Holdings from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, June 29th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $31.20.
In other news, CEO Andres Reiner sold 28,175 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $27.48, for a total transaction of $774,249.00. Following the sale, the chief executive officer now owns 417,715 shares of the company’s stock, valued at approximately $11,478,808.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 84,525 shares of company stock worth $2,412,625. 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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