New York State Common Retirement Fund Has $20.93 Million Stake in PROS Holdings, Inc. (PRO)
New York State Common Retirement Fund increased its position in PROS Holdings, Inc. (NYSE:PRO) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 867,246 shares of the software maker’s stock after purchasing an additional 14,051 shares during the quarter. New York State Common Retirement Fund owned 2.72% of PROS worth $20,927,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of PROS by 3.6% in the second quarter. Vanguard Group Inc. now owns 1,247,134 shares of the software maker’s stock valued at $34,158,000 after purchasing an additional 43,377 shares during the period. Conestoga Capital Advisors LLC raised its holdings in PROS by 10.7% in the third quarter. Conestoga Capital Advisors LLC now owns 1,664,246 shares of the software maker’s stock valued at $40,158,000 after acquiring an additional 160,585 shares in the last quarter. Stephens Investment Management Group LLC raised its holdings in PROS by 4.7% in the second quarter. Stephens Investment Management Group LLC now owns 514,995 shares of the software maker’s stock valued at $14,106,000 after acquiring an additional 23,105 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in PROS in the second quarter valued at $411,000. Finally, Parametric Portfolio Associates LLC raised its holdings in PROS by 223.5% in the second quarter. Parametric Portfolio Associates LLC now owns 43,095 shares of the software maker’s stock valued at $1,180,000 after acquiring an additional 29,775 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.
Several analysts recently issued reports on PRO shares. ValuEngine cut shares of PROS from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $28.00 price target on shares of PROS in a report on Sunday, October 8th. Zacks Investment Research raised shares of PROS from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday, November 2nd. Finally, Needham & Company LLC raised shares of PROS from a “buy” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $31.60.
Shares of PROS Holdings, Inc. (NYSE PRO) traded up $0.94 during trading hours on Thursday, hitting $28.29. 561,300 shares of the company’s stock were exchanged, compared to its average volume of 200,883. PROS Holdings, Inc. has a 52 week low of $20.34 and a 52 week high of $30.49. The company has a debt-to-equity ratio of -5.94, a quick ratio of 2.08 and a current ratio of 2.08.
PROS (NYSE:PRO) last issued its earnings results on Thursday, October 26th. The software maker reported ($0.22) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.01. The company had revenue of $41.94 million for the quarter, compared to analysts’ expectations of $41.07 million. PROS had a negative net margin of 48.93% and a negative return on equity of 2,114.05%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.19) earnings per share. equities research analysts anticipate that PROS Holdings, Inc. will post -1.48 EPS for the current year.
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PROS Company Profile
PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.
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