Riverbridge Partners LLC reduced its stake in shares of PROS Holdings, Inc. (NYSE:PRO) by 7.1% in the 4th quarter, Holdings Channel reports. The firm owned 2,218,402 shares of the software maker’s stock after selling 170,478 shares during the quarter. PROS accounts for 1.5% of Riverbridge Partners LLC’s investment portfolio, making the stock its 22nd largest holding. Riverbridge Partners LLC owned approximately 0.06% of PROS worth $69,658,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. TIAA CREF Investment Management LLC raised its position in PROS by 0.6% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 60,627 shares of the software maker’s stock worth $2,123,000 after purchasing an additional 355 shares during the last quarter. Legal & General Group Plc raised its position in PROS by 13.1% during the 3rd quarter. Legal & General Group Plc now owns 4,901 shares of the software maker’s stock worth $172,000 after purchasing an additional 567 shares during the last quarter. Vanguard Group Inc raised its position in PROS by 18.5% during the 3rd quarter. Vanguard Group Inc now owns 1,586,583 shares of the software maker’s stock worth $55,562,000 after purchasing an additional 247,315 shares during the last quarter. Federated Investors Inc. PA bought a new position in PROS during the 3rd quarter worth $924,000. Finally, Marshall Wace LLP bought a new position in PROS during the 3rd quarter worth $11,741,000. 99.41% of the stock is owned by institutional investors and hedge funds.
PRO has been the subject of several analyst reports. Nomura lowered their target price on PROS from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Royal Bank of Canada initiated coverage on PROS in a research report on Tuesday, October 16th. They set an “outperform” rating and a $38.00 target price for the company. Finally, Zacks Investment Research lowered PROS from a “buy” rating to a “hold” rating in a research report on Friday, December 28th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $41.50.
PROS (NYSE:PRO) last issued its earnings results on Thursday, October 25th. The software maker reported ($0.13) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.06. The firm had revenue of $49.08 million during the quarter, compared to analyst estimates of $47.94 million. Analysts expect that PROS Holdings, Inc. will post -1.19 EPS for the current fiscal year.
In other news, CEO Andres Reiner sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $32.21, for a total value of $322,100.00. Following the completion of the sale, the chief executive officer now directly owns 435,399 shares in the company, valued at approximately $14,024,201.79. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Thomas Dziersk sold 2,000 shares of PROS stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $31.71, for a total value of $63,420.00. Following the transaction, the executive vice president now owns 7,077 shares of the company’s stock, valued at approximately $224,411.67. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,000 shares of company stock valued at $699,220. 15.40% of the stock is currently owned by company insiders.
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PROS Company Profile
PROS Holdings, Inc, a cloud software company, provides solutions for companies to price, configure, and sell their products and services to their customers. The company offers SellingPRO solutions, which include configuration, quoting, and e-commerce capabilities with data science; and PricingPRO solutions that deliver insight into pricing practices and provides pricing recommendations, as well as enhances control over pricing execution.
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