Royal Bank of Canada grew its holdings in PROS Holdings, Inc. (NYSE:PRO) by 20.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 343,305 shares of the software maker’s stock after purchasing an additional 57,279 shares during the period. Royal Bank of Canada owned about 0.79% of PROS worth $10,653,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of PROS by 18.9% during the first quarter. Wells Fargo & Company MN now owns 442,765 shares of the software maker’s stock valued at $13,739,000 after buying an additional 70,398 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of PROS by 165.2% during the first quarter. BNP Paribas Arbitrage SA now owns 13,052 shares of the software maker’s stock valued at $405,000 after buying an additional 8,130 shares during the period. Two Sigma Advisers LP increased its stake in shares of PROS by 55.6% during the first quarter. Two Sigma Advisers LP now owns 421,884 shares of the software maker’s stock valued at $13,091,000 after buying an additional 150,800 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of PROS by 31.1% during the first quarter. Envestnet Asset Management Inc. now owns 57,874 shares of the software maker’s stock valued at $1,796,000 after buying an additional 13,741 shares during the period. Finally, State Street Corp boosted its position in PROS by 3.8% during the first quarter. State Street Corp now owns 742,306 shares of the software maker’s stock valued at $23,034,000 after purchasing an additional 26,866 shares in the last quarter. Hedge funds and other institutional investors own 94.68% of the company’s stock.
PROS stock opened at $42.53 on Tuesday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.03. PROS Holdings, Inc. has a 52 week low of $19.73 and a 52 week high of $75.39. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of -23.63 and a beta of 1.47. The stock has a 50-day moving average price of $38.50 and a 200 day moving average price of $44.73.
PROS (NYSE:PRO) last released its earnings results on Tuesday, May 5th. The software maker reported ($0.23) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.23). PROS had a negative return on equity of 32.79% and a negative net margin of 28.75%. The firm had revenue of $66.31 million during the quarter, compared to the consensus estimate of $65.02 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The company’s revenue was up 18.1% compared to the same quarter last year. Research analysts anticipate that PROS Holdings, Inc. will post -1.16 EPS for the current fiscal year.
In related news, CFO Stefan B. Schulz sold 6,000 shares of PROS stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $40.00, for a total transaction of $240,000.00. Following the completion of the sale, the chief financial officer now owns 240,636 shares of the company’s stock, valued at $9,625,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 7,245 shares of company stock valued at $280,819 in the last ninety days. Corporate insiders own 10.20% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Craig Hallum downgraded PROS from a “buy” rating to a “hold” rating and dropped their price objective for the company from $42.00 to $35.00 in a research report on Wednesday, May 6th. Zacks Investment Research downgraded PROS from a “buy” rating to a “hold” rating in a research report on Tuesday, June 9th. KeyCorp raised their price objective on PROS from $38.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Morgan Stanley dropped their price objective on PROS from $52.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 25th. Finally, JPMorgan Chase & Co. dropped their price objective on PROS from $65.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $53.50.
PROS Company Profile
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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