Stephens Investment Management Group LLC Has $58.60 Million Position in PROS Holdings, Inc. (NYSE:PRO)

Stephens Investment Management Group LLC boosted its holdings in PROS Holdings, Inc. (NYSE:PRO) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 926,331 shares of the software maker’s stock after purchasing an additional 5,419 shares during the quarter. PROS comprises approximately 1.1% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its 20th largest holding. Stephens Investment Management Group LLC’s holdings in PROS were worth $58,600,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strs Ohio purchased a new position in PROS during the 2nd quarter worth $25,000. Icon Wealth Partners LLC purchased a new position in PROS during the 1st quarter worth $57,000. Aperio Group LLC purchased a new position in PROS during the 2nd quarter worth $168,000. Ibex Investors LLC purchased a new position in PROS during the 2nd quarter worth $218,000. Finally, AlphaOne Investment Services LLC purchased a new position in PROS during the 1st quarter worth $169,000. 94.90% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Andres Reiner sold 25,973 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $72.26, for a total value of $1,876,808.98. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ronald F. Woestemeyer sold 750,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $72.15, for a total value of $54,112,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 781,973 shares of company stock worth $56,423,109 over the last quarter. Company insiders own 13.70% of the company’s stock.

A number of research firms have issued reports on PRO. DA Davidson lifted their price objective on shares of PROS to $50.00 and gave the stock a “neutral” rating in a report on Thursday, May 23rd. Craig Hallum raised shares of PROS from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $36.00 to $60.00 in a report on Friday, April 26th. Needham & Company LLC set a $80.00 target price on PROS and gave the stock a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus lifted their target price on PROS from $60.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Zacks Investment Research upgraded PROS from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. PROS currently has an average rating of “Buy” and an average price target of $71.27.

Shares of NYSE PRO traded down $0.08 during mid-day trading on Thursday, reaching $69.50. 4,253 shares of the company’s stock were exchanged, compared to its average volume of 471,058. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of -63.81 and a beta of 1.13. PROS Holdings, Inc. has a 52 week low of $28.18 and a 52 week high of $75.39. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 2.28. The stock has a 50-day moving average price of $68.33.

PROS (NYSE:PRO) last released its earnings results on Thursday, July 25th. The software maker reported ($0.22) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.01. The company had revenue of $63.88 million for the quarter, compared to analysts’ expectations of $61.41 million. PROS had a negative return on equity of 57.99% and a negative net margin of 28.41%. The business’s revenue for the quarter was up 34.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.16) EPS. On average, analysts expect that PROS Holdings, Inc. will post -0.83 earnings per share for the current fiscal year.

PROS Company Profile

PROS Holdings, Inc offers artificial intelligence (AI) solutions that power commerce in the digital economy worldwide. The company's solutions enable buying experiences for business-to-business (B2B) and business-to-consumer companies. It delivers its cloud-based solutions through the Internet as a Service on a subscription basis.

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Institutional Ownership by Quarter for PROS (NYSE:PRO)

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