Pros Holdings Inc. (PRO) Shares Sold by Ameriprise Financial Inc.
Ameriprise Financial Inc. lowered its position in Pros Holdings Inc. (NYSE:PRO) by 17.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 280,823 shares of the company’s stock after selling 59,000 shares during the period. Ameriprise Financial Inc. owned approximately 0.92% of Pros Holdings worth $4,895,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Swiss National Bank boosted its position in Pros Holdings by 3.2% in the second quarter. Swiss National Bank now owns 42,000 shares of the company’s stock worth $732,000 after buying an additional 1,300 shares in the last quarter. California State Teachers Retirement System boosted 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 in the last quarter. Geode Capital Management LLC boosted its position in Pros Holdings by 6.0% in the first quarter. Geode Capital Management LLC now owns 154,486 shares of the company’s stock worth $1,820,000 after buying an additional 8,717 shares in the last quarter. BB&T Corp bought a new position in Pros Holdings during the second quarter worth about $198,000. Finally, Bayesian Capital Management LP bought a new position in Pros Holdings during the first quarter worth about $141,000. Institutional investors and hedge funds own 91.60% of the company’s stock.
Pros Holdings Inc. (NYSE:PRO) traded up 1.69% during midday trading on Friday, hitting $21.11. 150,957 shares of the stock were exchanged. The stock’s market cap is $641.51 million. The company’s 50 day moving average is $21.12 and its 200-day moving average is $16.57. Pros Holdings Inc. has a 1-year low of $9.01 and a 1-year high of $25.42.
Pros Holdings (NYSE:PRO) last announced its earnings results on Tuesday, August 2nd. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.06. Pros Holdings had a negative net margin of 48.73% and a negative return on equity of 100.30%. The business earned $37 million during the quarter, compared to analyst estimates of $35.70 million. During the same period in the previous year, the business posted ($0.11) earnings per share. Pros Holdings’s revenue for the quarter was down 11.3% on a year-over-year basis. On average, analysts expect that Pros Holdings Inc. will post ($1.16) earnings per share for the current year.
A number of equities analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set 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 upped their price target 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. restated a “hold” rating and issued a $16.00 price target 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 assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $21.00.
Pros Holdings Company Profile
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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