Comerica Bank Sells 2,906 Shares of PROS Holdings, Inc. (PRO)
Comerica Bank cut its holdings in PROS Holdings, Inc. (NYSE:PRO) by 6.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,403 shares of the software maker’s stock after selling 2,906 shares during the quarter. Comerica Bank’s holdings in PROS were worth $1,334,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Xact Kapitalforvaltning AB acquired a new position in shares of PROS in the second quarter worth approximately $205,000. Kornitzer Capital Management Inc. KS lifted its stake in shares of PROS by 94.3% in the second quarter. Kornitzer Capital Management Inc. KS now owns 295,590 shares of the software maker’s stock worth $10,810,000 after acquiring an additional 143,460 shares during the period. Engineers Gate Manager LP lifted its stake in shares of PROS by 18.8% in the second quarter. Engineers Gate Manager LP now owns 25,062 shares of the software maker’s stock worth $917,000 after acquiring an additional 3,964 shares during the period. Rhumbline Advisers lifted its stake in shares of PROS by 8.9% in the second quarter. Rhumbline Advisers now owns 26,847 shares of the software maker’s stock worth $982,000 after acquiring an additional 2,187 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in shares of PROS in the second quarter worth approximately $203,000. Institutional investors own 99.41% of the company’s stock.
A number of equities analysts recently commented on PRO shares. Royal Bank of Canada started coverage on PROS in a research note on Tuesday, October 16th. They issued an “outperform” rating and a $38.00 price objective on the stock. Nomura cut their price objective on PROS from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Finally, Zacks Investment Research raised PROS from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective on the stock in a research note on Friday, November 2nd. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company’s stock. PROS presently has an average rating of “Buy” and a consensus target price of $41.50.
PROS (NYSE:PRO) last issued its earnings results on Thursday, October 25th. The software maker reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.06. The business had revenue of $49.08 million during the quarter, compared to the consensus estimate of $47.94 million. Equities analysts predict that PROS Holdings, Inc. will post -1.19 earnings per share for the current fiscal year.
In other PROS news, CEO Andres Reiner sold 10,000 shares of PROS stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $39.03, for a total value of $390,300.00. Following the completion of the sale, the chief executive officer now directly owns 445,399 shares in the company, valued at $17,383,922.97. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 30,000 shares of company stock valued at $1,026,100. 15.40% of the stock is currently owned by corporate insiders.
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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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