Invesco Ltd. lifted its holdings in PROS Holdings, Inc. (NYSE:PRO) by 251.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,304 shares of the software maker’s stock after buying an additional 56,745 shares during the period. Invesco Ltd. owned about 0.20% of PROS worth $5,017,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Strs Ohio acquired a new stake in shares of PROS in the second quarter worth $25,000. SRS Capital Advisors Inc. acquired a new stake in shares of PROS in the second quarter worth $145,000. Aperio Group LLC acquired a new stake in shares of PROS in the second quarter worth $168,000. Rational Advisors LLC acquired a new stake in shares of PROS in the second quarter worth $188,000. Finally, Ibex Investors LLC acquired a new stake in shares of PROS in the second quarter worth $218,000. 98.64% of the stock is owned by institutional investors and hedge funds.
In other PROS news, CEO Andres Reiner sold 25,973 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $72.26, for a total transaction of $1,876,808.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Timothy V. Williams sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $73.05, for a total value of $73,050.00. Following the transaction, the director now owns 107,373 shares in the company, valued at $7,843,597.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 835,925 shares of company stock valued at $59,942,502. 13.70% of the stock is owned by corporate insiders.
Shares of NYSE:PRO opened at $60.35 on Friday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 2.28. PROS Holdings, Inc. has a 1 year low of $28.18 and a 1 year high of $75.39. The business has a fifty day simple moving average of $63.70 and a 200 day simple moving average of $59.40.
PROS (NYSE:PRO) last announced its quarterly earnings data on Thursday, July 25th. The software maker reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.01. PROS had a negative return on equity of 57.99% and a negative net margin of 28.41%. The business had revenue of $63.88 million during the quarter, compared to analyst estimates of $61.41 million. During the same period last year, the company earned ($0.16) earnings per share. PROS’s quarterly revenue was up 34.8% compared to the same quarter last year. Analysts expect that PROS Holdings, Inc. will post -0.83 earnings per share for the current fiscal year.
Several brokerages have recently commented on PRO. Stifel Nicolaus raised their target price on PROS from $60.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. KeyCorp raised their target price on PROS from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 27th. JPMorgan Chase & Co. raised their target price on PROS from $55.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. ValuEngine cut PROS from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research cut PROS from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $71.27.
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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