Rockefeller Financial Services Inc. Raises Stake in PROS Holdings, Inc. (PRO)
Rockefeller Financial Services Inc. raised its position in PROS Holdings, Inc. (NYSE:PRO) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 864,312 shares of the software maker’s stock after buying an additional 18,607 shares during the period. Rockefeller Financial Services Inc. owned approximately 2.75% of PROS Holdings worth $23,674,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Bank of Montreal Can boosted its stake in shares of PROS Holdings by 1.4% in the second 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 period. Menta Capital LLC acquired a new stake in shares of PROS Holdings during the first quarter worth $267,000. American International Group Inc. boosted its stake in shares of PROS Holdings by 7.0% in the first quarter. American International Group Inc. now owns 15,507 shares of the software maker’s stock worth $375,000 after buying an additional 1,021 shares during the period. Trexquant Investment LP acquired a new stake in shares of PROS Holdings during the first quarter worth $405,000. Finally, Stifel Financial Corp boosted its stake in shares of PROS Holdings by 21.3% in the first quarter. Stifel Financial Corp now owns 18,745 shares of the software maker’s stock worth $454,000 after buying an additional 3,288 shares during the period. 89.47% of the stock is currently owned by institutional investors.
PROS Holdings, Inc. (NYSE PRO) traded up 0.28% during trading on Tuesday, hitting $29.11. 55,381 shares of the stock traded hands. The stock’s market cap is $915.04 million. PROS Holdings, Inc. has a 52 week low of $16.25 and a 52 week high of $30.49. The firm’s 50-day moving average is $27.80 and its 200 day moving average is $24.11.
PROS Holdings (NYSE:PRO) last issued its quarterly earnings data on Tuesday, May 2nd. The software maker reported ($0.34) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.08. PROS Holdings had a negative return on equity of 2,114.05% and a negative net margin of 48.21%. The business had revenue of $40.13 million during the quarter, compared to analyst estimates of $38.60 million. Equities research analysts forecast that PROS Holdings, Inc. will post ($0.88) earnings per share for the current fiscal year.
A number of analysts recently weighed in on PRO shares. Deutsche Bank AG increased their price objective on shares of PROS Holdings to $35.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Stifel Nicolaus increased their price objective 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. Zacks Investment Research raised shares of PROS Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. ValuEngine raised shares of PROS Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Pacific Crest increased their price objective on shares of PROS Holdings from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, June 29th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $31.20.
In other news, Director Leslie J. Rechan purchased 4,000 shares of PROS Holdings stock in a transaction on Thursday, May 11th. The stock was purchased at an average price of $25.54 per share, with a total value of $102,160.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andres Reiner sold 41,098 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $24.84, for a total value of $1,020,874.32. Following the transaction, the chief executive officer now directly owns 472,188 shares of the company’s stock, valued at approximately $11,729,149.92. The disclosure for this sale can be found here. Insiders sold a total of 153,572 shares of company stock valued at $4,022,499 over the last quarter. 17.20% of the stock is owned by insiders.
PROS Holdings Company Profile
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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