Stephens Investment Management Group LLC Has $58.60 Million Holdings in PROS Holdings, Inc. (NYSE:PRO)

Stephens Investment Management Group LLC lifted its holdings in PROS Holdings, Inc. (NYSE:PRO) by 0.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 926,331 shares of the software maker’s stock after acquiring an additional 5,419 shares during the period. PROS makes up approximately 1.1% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its 20th largest position. Stephens Investment Management Group LLC owned about 2.30% of PROS worth $58,600,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Primecap Management Co. CA grew its stake in PROS by 17.9% during the first quarter. Primecap Management Co. CA now owns 3,320,400 shares of the software maker’s stock worth $140,254,000 after buying an additional 504,500 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in PROS by 0.7% during the first quarter. Conestoga Capital Advisors LLC now owns 2,369,911 shares of the software maker’s stock worth $100,105,000 after buying an additional 15,525 shares in the last quarter. SQN Investors LP grew its stake in PROS by 18.5% during the first quarter. SQN Investors LP now owns 616,844 shares of the software maker’s stock worth $26,055,000 after buying an additional 96,249 shares in the last quarter. Norges Bank acquired a new stake in PROS during the fourth quarter worth about $15,133,000. Finally, Redwood Investments LLC acquired a new stake in PROS during the second quarter worth about $11,465,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

PRO has been the topic of a number of analyst reports. Royal Bank of Canada increased their price objective on shares of PROS to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Northland Securities increased their price objective on shares of PROS from $55.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Zacks Investment Research upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Thursday, August 1st. DA Davidson raised their price target on shares of PROS to $50.00 and gave the company a “neutral” rating in a research note on Thursday, May 23rd. Finally, Stifel Nicolaus raised their price target on shares of PROS from $60.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. PROS currently has a consensus rating of “Buy” and an average target price of $71.27.

In related news, CEO Andres Reiner sold 25,973 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $72.26, for a total value of $1,876,808.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald F. Woestemeyer sold 750,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $72.15, for a total transaction of $54,112,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 781,973 shares of company stock valued at $56,423,109. 13.70% of the stock is owned by company insiders.

Shares of PRO traded down $0.08 during mid-day trading on Thursday, reaching $69.50. The company had a trading volume of 4,253 shares, compared to its average volume of 471,058. The business’s 50 day moving average price is $68.33. PROS Holdings, Inc. has a 1-year low of $28.18 and a 1-year high of $75.39. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 2.28. The company has a market cap of $2.90 billion, a P/E ratio of -63.81 and a beta of 1.13.

PROS (NYSE:PRO) last posted its quarterly earnings results on Thursday, July 25th. The software maker reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.01. PROS had a negative net margin of 28.41% and a negative return on equity of 57.99%. The company had revenue of $63.88 million for the quarter, compared to the consensus estimate of $61.41 million. During the same period last year, the company posted ($0.16) EPS. The firm’s quarterly revenue was up 34.8% compared to the same quarter last year. On average, analysts anticipate that PROS Holdings, Inc. will post -0.83 earnings per share for the current year.

PROS 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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Institutional Ownership by Quarter for PROS (NYSE:PRO)

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