PNC Financial Services Group Inc. Acquires 22,971 Shares of Pros Holdings Inc. (PRO)
PNC Financial Services Group Inc. raised its position in Pros Holdings Inc. (NYSE:PRO) by 173.9% during the second quarter, Holdings Channel reports. The fund owned 36,180 shares of the company’s stock after buying an additional 22,971 shares during the period. PNC Financial Services Group Inc. owned about 0.12% of Pros Holdings worth $631,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. California State Teachers Retirement System increased its position in Pros Holdings by 3.4% in the second quarter. California State Teachers Retirement System now owns 52,827 shares of the company’s stock worth $921,000 after buying an additional 1,725 shares during the last quarter. BB&T Corp purchased a new stake in shares of Pros Holdings during the second quarter valued at $198,000. Royal Bank of Canada increased its stake in shares of Pros Holdings by 144.8% in the first quarter. Royal Bank of Canada now owns 36,401 shares of the company’s stock valued at $430,000 after buying an additional 21,533 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Pros Holdings during the first quarter valued at $1,214,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of Pros Holdings during the first quarter valued at $141,000. Institutional investors own 91.60% of the company’s stock.
Shares of Pros Holdings Inc. (NYSE:PRO) traded up 4.98% during trading on Thursday, hitting $22.15. 137,727 shares of the stock traded hands. Pros Holdings Inc. has a 1-year low of $9.01 and a 1-year high of $25.42. The company has a 50 day moving average of $19.39 and a 200-day moving average of $15.34. The company’s market cap is $673.12 million.
Pros Holdings (NYSE:PRO) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.32) by $0.06. The firm had revenue of $37 million for the quarter, compared to analyst estimates of $35.70 million. Pros Holdings had a negative net margin of 48.73% and a negative return on equity of 100.30%. The business’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.11) EPS. On average, equities analysts anticipate that Pros Holdings Inc. will post ($1.16) EPS for the current fiscal year.
Several brokerages recently weighed in on PRO. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 price objective (up from $15.00) on shares of Pros Holdings in a research report on Tuesday, August 2nd. Deutsche Bank AG lifted their price objective on shares of Pros Holdings from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and issued a $16.00 price objective on shares of Pros Holdings in a research report on Wednesday, August 3rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Pros Holdings has an average rating of “Buy” and an average target price of $21.00.
About Pros Holdings
PROS Holdings, Inc provides enterprise revenue and profit realization software solutions. The Company’s software solutions are designed to help business-to-business (B2B) and business-to-consumer (B2C) companies. The Company also provides professional services to implement its software applications. The Company provides its solutions to enterprises across a range of industries, including manufacturing, distribution, services and travel.
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