Royal Bank of Canada cut its position in PROS Holdings, Inc. (NYSE:PRO) by 8.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,692 shares of the software maker’s stock after selling 2,903 shares during the period. Royal Bank of Canada owned about 0.10% of PROS Holdings worth $841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in PRO. FMR LLC purchased a new stake in shares of PROS Holdings in the second quarter worth $13,853,000. Vanguard Group Inc. increased its stake in shares of PROS Holdings by 10.5% in the first quarter. Vanguard Group Inc. now owns 1,203,757 shares of the software maker’s stock worth $29,119,000 after purchasing an additional 114,641 shares in the last quarter. EAM Investors LLC purchased a new stake in shares of PROS Holdings in the second quarter worth $2,804,000. Conestoga Capital Advisors LLC increased its stake in shares of PROS Holdings by 6.8% in the second quarter. Conestoga Capital Advisors LLC now owns 1,503,661 shares of the software maker’s stock worth $41,185,000 after purchasing an additional 95,540 shares in the last quarter. Finally, Menta Capital LLC grew its stake in PROS Holdings by 606.8% during the second quarter. Menta Capital LLC now owns 77,898 shares of the software maker’s stock valued at $2,134,000 after acquiring an additional 66,876 shares in the last quarter. 91.73% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on PRO shares. Zacks Investment Research raised shares of PROS Holdings from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Thursday, November 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $35.00 target price on shares of PROS Holdings in a research note on Tuesday, October 24th. Stifel Nicolaus reaffirmed a “hold” rating and set a $28.00 target price on shares of PROS Holdings in a research note on Sunday, October 8th. Finally, ValuEngine cut shares of PROS Holdings from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $31.33.
In other PROS Holdings news, Director Ronald F. Woestemeyer sold 50,000 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $25.51, for a total transaction of $1,275,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andres Reiner sold 8,175 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $26.12, for a total transaction of $213,531.00. Following the transaction, the chief executive officer now owns 415,815 shares of the company’s stock, valued at approximately $10,861,087.80. The disclosure for this sale can be found here. 17.20% of the stock is owned by company insiders.
PROS Holdings, Inc. (PRO) opened at $23.76 on Tuesday. PROS Holdings, Inc. has a 52 week low of $20.34 and a 52 week high of $30.49. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of -5.94.
PROS Holdings (NYSE:PRO) last released its quarterly earnings data on Thursday, October 26th. The software maker reported ($0.22) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.01. PROS Holdings had a negative net margin of 48.93% and a negative return on equity of 2,114.05%. The business had revenue of $41.94 million during the quarter, compared to analyst estimates of $41.07 million. During the same quarter last year, the business earned ($0.19) earnings per share. PROS Holdings’s quarterly revenue was up 9.3% compared to the same quarter last year. research analysts expect that PROS Holdings, Inc. will post -1.48 earnings per share for the current fiscal year.
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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