Migdal Insurance & Financial Holdings Ltd. raised its holdings in PROS Holdings, Inc. (NYSE:PRO) by 19.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,952 shares of the software maker’s stock after purchasing an additional 959 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in PROS were worth $251,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. MetLife Investment Advisors LLC raised its holdings in shares of PROS by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 20,031 shares of the software maker’s stock valued at $701,000 after buying an additional 7,121 shares during the period. Renaissance Technologies LLC acquired a new position in PROS during the 3rd quarter worth $4,605,000. BB&T Corp grew its stake in PROS by 11.0% during the 4th quarter. BB&T Corp now owns 9,613 shares of the software maker’s stock worth $302,000 after purchasing an additional 950 shares in the last quarter. Comerica Bank grew its stake in PROS by 41.4% during the 4th quarter. Comerica Bank now owns 58,555 shares of the software maker’s stock worth $1,987,000 after purchasing an additional 17,152 shares in the last quarter. Finally, Vanguard Group Inc grew its stake in PROS by 18.5% during the 3rd quarter. Vanguard Group Inc now owns 1,586,583 shares of the software maker’s stock worth $55,562,000 after purchasing an additional 247,315 shares in the last quarter.
Several research analysts recently commented on PRO shares. Zacks Investment Research cut PROS from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. DA Davidson upped their price objective on PROS to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, May 23rd. Needham & Company LLC upped their price objective on PROS from $50.00 to $60.00 and gave the stock a “strong-buy” rating in a research report on Friday, April 26th. Royal Bank of Canada upped their price objective on PROS to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. Finally, JMP Securities reaffirmed a “market perform” rating on shares of PROS in a research report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. PROS presently has a consensus rating of “Buy” and an average price target of $52.20.
Shares of NYSE PRO traded down $0.09 during trading hours on Wednesday, reaching $55.57. The stock had a trading volume of 531,400 shares, compared to its average volume of 321,858. The stock has a market cap of $2.01 billion, a PE ratio of -50.98 and a beta of 1.27. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.62. PROS Holdings, Inc. has a fifty-two week low of $28.18 and a fifty-two week high of $56.91.
PROS (NYSE:PRO) last posted its quarterly earnings data on Thursday, April 25th. The software maker reported ($0.11) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. The firm had revenue of $56.10 million during the quarter, compared to the consensus estimate of $54.66 million. PROS had a negative return on equity of 188.83% and a negative net margin of 30.36%. The firm’s revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.19) EPS. Sell-side analysts anticipate that PROS Holdings, Inc. will post -0.86 earnings per share for the current year.
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PROS Company 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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