Comerica Bank Invests $360,000 in PROS Holdings, Inc. (PRO)

Comerica Bank purchased a new position in PROS Holdings, Inc. (NYSE:PRO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 16,037 shares of the software maker’s stock, valued at approximately $360,000. Comerica Bank owned about 0.05% of PROS at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in shares of PROS by 1.4% in the 2nd quarter. Bank of Montreal Can now owns 4,414 shares of the software maker’s stock worth $121,000 after buying an additional 59 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of PROS by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 6,308 shares of the software maker’s stock worth $172,000 after buying an additional 199 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of PROS by 1.1% in the 2nd quarter. Wells Fargo & Company MN now owns 19,890 shares of the software maker’s stock worth $545,000 after buying an additional 211 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of PROS by 3.6% in the 2nd quarter. Stifel Financial Corp now owns 19,418 shares of the software maker’s stock worth $532,000 after buying an additional 673 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in PROS by 4.5% during the second quarter. The Manufacturers Life Insurance Company now owns 20,852 shares of the software maker’s stock valued at $571,000 after purchasing an additional 901 shares in the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

PROS Holdings, Inc. (NYSE PRO) traded up $0.10 during midday trading on Wednesday, reaching $23.94. The company had a trading volume of 187,800 shares, compared to its average volume of 196,385. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of -5.94. PROS Holdings, Inc. has a 12 month low of $20.34 and a 12 month high of $30.49.

PROS (NYSE:PRO) last released its earnings results on Thursday, October 26th. The software maker reported ($0.22) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.01. The company had revenue of $41.94 million for the quarter, compared to the consensus estimate of $41.07 million. PROS had a negative return on equity of 2,114.05% and a negative net margin of 48.93%. PROS’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.19) earnings per share. equities research analysts anticipate that PROS Holdings, Inc. will post -1.48 EPS for the current year.

PRO has been the topic of several analyst reports. Stifel Nicolaus reiterated a “hold” rating and set a $28.00 target price on shares of PROS in a research report on Sunday, October 8th. ValuEngine downgraded PROS from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating and set a $35.00 target price on shares of PROS in a research report on Tuesday, October 24th. Finally, Zacks Investment Research upgraded PROS from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. PROS has an average rating of “Buy” and an average price target of $31.60.

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About PROS

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.

Institutional Ownership by Quarter for PROS (NYSE:PRO)

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