Stephens Investment Management Group LLC Has $32.87 Million Position in PROS Holdings, Inc. (PRO)
Stephens Investment Management Group LLC trimmed its stake in shares of PROS Holdings, Inc. (NYSE:PRO) by 3.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 902,725 shares of the software maker’s stock after selling 27,981 shares during the quarter. Stephens Investment Management Group LLC owned 2.76% of PROS worth $32,868,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PRO. Intrinsic Edge Capital Management LLC acquired a new position in PROS during the 1st quarter worth $5,877,000. Kornitzer Capital Management Inc. KS acquired a new position in shares of PROS during the 1st quarter worth about $5,022,000. Balter Liquid Alternatives LLC acquired a new position in shares of PROS during the 1st quarter worth about $334,000. Swiss National Bank boosted its position in shares of PROS by 5.1% during the 1st quarter. Swiss National Bank now owns 47,100 shares of the software maker’s stock worth $1,555,000 after acquiring an additional 2,300 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of PROS by 5.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 136,318 shares of the software maker’s stock worth $4,500,000 after acquiring an additional 7,597 shares in the last quarter.
In other news, CEO Andres Reiner sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $37.62, for a total value of $376,200.00. Following the completion of the sale, the chief executive officer now directly owns 455,399 shares of the company’s stock, valued at approximately $17,132,110.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 30,000 shares of company stock valued at $1,109,400 over the last three months. Company insiders own 15.40% of the company’s stock.
PROS (NYSE:PRO) last posted its earnings results on Thursday, July 26th. The software maker reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.04. The firm had revenue of $47.40 million during the quarter, compared to analysts’ expectations of $46.30 million. During the same period in the previous year, the firm posted ($0.22) earnings per share. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. research analysts forecast that PROS Holdings, Inc. will post -1.35 earnings per share for the current year.
PRO has been the subject of several analyst reports. Zacks Investment Research cut PROS from a “hold” rating to a “sell” rating in a research report on Thursday, May 3rd. KeyCorp initiated coverage on PROS in a research report on Tuesday, May 8th. They set an “overweight” rating and a $40.00 price objective for the company. DA Davidson upped their price objective on PROS to $31.00 and gave the stock a “neutral” rating in a research report on Friday, May 18th. They noted that the move was a valuation call. Northland Securities raised PROS from a “market perform” rating to an “outperform” rating in a research report on Monday, May 21st. Finally, Nomura initiated coverage on PROS in a research report on Thursday, June 14th. They set a “buy” rating and a $42.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. PROS has an average rating of “Buy” and a consensus target price of $38.38.
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.
Featured Story: Fundamental Analysis
Want to see what other hedge funds are holding PRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PROS Holdings, Inc. (NYSE:PRO).
Receive News & Ratings for PROS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PROS and related companies with MarketBeat.com's FREE daily email newsletter.