BlackRock Inc. raised its holdings in shares of PROS (NYSE:PRO) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,714,104 shares of the software maker’s stock after purchasing an additional 21,518 shares during the period. BlackRock Inc. owned approximately 5.37% of PROS worth $45,339,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of PRO. DF Dent & Co. Inc. boosted its stake in PROS by 16.6% during the 3rd quarter. DF Dent & Co. Inc. now owns 2,702,800 shares of the software maker’s stock valued at $65,219,000 after purchasing an additional 385,329 shares during the last quarter. Conestoga Capital Advisors LLC boosted its stake in shares of PROS by 15.8% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,927,134 shares of the software maker’s stock worth $50,973,000 after buying an additional 262,888 shares during the last quarter. Stephens Investment Management Group LLC boosted its stake in shares of PROS by 39.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 836,510 shares of the software maker’s stock worth $22,126,000 after buying an additional 235,463 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of PROS in the 3rd quarter worth $3,402,000. Finally, Rockefeller Financial Services Inc. boosted its stake in shares of PROS by 7.2% in the 4th quarter. Rockefeller Financial Services Inc. now owns 912,060 shares of the software maker’s stock worth $24,124,000 after buying an additional 60,922 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.
A number of equities analysts have recently issued reports on PRO shares. Needham & Company LLC upgraded PROS from a “buy” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a research note on Monday, December 11th. Zacks Investment Research downgraded PROS from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. DA Davidson started coverage on PROS in a research note on Friday, February 2nd. They issued a “neutral” rating and a $28.00 price target on the stock. Finally, ValuEngine upgraded PROS from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. PROS presently has an average rating of “Buy” and an average target price of $31.83.
PROS (NYSE:PRO) last released its earnings results on Tuesday, February 6th. The software maker reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.05. The company had revenue of $46.34 million for the quarter, compared to analysts’ expectations of $44.68 million. PROS’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.21) earnings per share. equities research analysts anticipate that PROS will post -1.27 EPS for the current year.
In related news, CEO Andres Reiner sold 15,000 shares of PROS stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $32.99, for a total transaction of $494,850.00. Following the transaction, the chief executive officer now directly owns 470,074 shares in the company, valued at $15,507,741.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald F. Woestemeyer sold 250,000 shares of PROS stock in a transaction on Monday, February 12th. The shares were sold at an average price of $31.00, for a total value of $7,750,000.00. The disclosure for this sale can be found here. Insiders have sold 535,000 shares of company stock worth $16,610,450 over the last quarter. 18.90% of the stock is owned by company insiders.
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.
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