Ameriprise Financial Inc. decreased its holdings in shares of PROS Holdings, Inc. (NYSE:PRO) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 294,535 shares of the software maker’s stock after selling 17,673 shares during the quarter. Ameriprise Financial Inc. owned 0.93% of PROS Holdings worth $8,068,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. MARSHALL WACE ASIA Ltd purchased a new position in shares of PROS Holdings during the first quarter valued at $484,000. Stephens Investment Management Group LLC grew its holdings in shares of PROS Holdings by 4.7% during the second quarter. Stephens Investment Management Group LLC now owns 514,995 shares of the software maker’s stock valued at $14,106,000 after buying an additional 23,105 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of PROS Holdings during the second quarter valued at $411,000. Conestoga Capital Advisors LLC grew its holdings in shares of PROS Holdings by 6.8% during the second quarter. Conestoga Capital Advisors LLC now owns 1,503,661 shares of the software maker’s stock valued at $41,185,000 after buying an additional 95,540 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of PROS Holdings by 5.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 103,525 shares of the software maker’s stock valued at $2,505,000 after buying an additional 5,472 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

PROS Holdings, Inc. (PRO) opened at 25.20 on Tuesday. PROS Holdings, Inc. has a one year low of $20.34 and a one year high of $30.49. The stock’s market cap is $801.06 million. The stock’s 50 day moving average price is $24.74 and its 200-day moving average price is $26.22.

PROS Holdings (NYSE:PRO) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.35) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.04. PROS Holdings had a negative return on equity of 2,114.05% and a negative net margin of 46.55%. The firm had revenue of $40.40 million for the quarter, compared to the consensus estimate of $39.48 million. During the same quarter last year, the business posted ($0.26) EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts predict that PROS Holdings, Inc. will post ($0.87) earnings per share for the current year.

A number of brokerages have recently weighed in on PRO. Pacific Crest lifted their price target on PROS Holdings from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, June 29th. Stifel Nicolaus reiterated a “hold” rating and set a $28.00 price target on shares of PROS Holdings in a report on Sunday, October 8th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $31.60.

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In other PROS Holdings news, CEO Andres Reiner sold 8,175 shares of PROS Holdings stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $26.12, for a total value of $213,531.00. Following the sale, the chief executive officer now owns 415,815 shares of the company’s stock, valued at approximately $10,861,087.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald F. Woestemeyer sold 50,000 shares of PROS Holdings stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $25.51, for a total value of $1,275,500.00. The disclosure for this sale can be found here. Insiders sold a total of 86,350 shares of company stock worth $2,296,808 in the last three months. Company insiders own 17.20% of the company’s stock.

PROS Holdings 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.

Institutional Ownership by Quarter for PROS Holdings (NYSE:PRO)

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