Chicago Equity Partners LLC Buys Shares of 30,440 PROS Holdings, Inc. (NYSE:PRO)

Chicago Equity Partners LLC bought a new stake in shares of PROS Holdings, Inc. (NYSE:PRO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 30,440 shares of the software maker’s stock, valued at approximately $1,926,000. Chicago Equity Partners LLC owned approximately 0.08% of PROS at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PRO. Strs Ohio acquired a new stake in PROS during the second quarter worth about $25,000. Metropolitan Life Insurance Co NY boosted its position in PROS by 7.5% during the first quarter. Metropolitan Life Insurance Co NY now owns 10,023 shares of the software maker’s stock worth $423,000 after purchasing an additional 697 shares in the last quarter. Legal & General Group Plc boosted its position in PROS by 15.3% during the fourth quarter. Legal & General Group Plc now owns 5,653 shares of the software maker’s stock worth $177,000 after purchasing an additional 752 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in PROS by 19.2% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,952 shares of the software maker’s stock worth $251,000 after purchasing an additional 959 shares in the last quarter. Finally, Icon Wealth Partners LLC purchased a new position in PROS during the first quarter worth approximately $57,000. 98.64% of the stock is currently owned by institutional investors.

In other news, CFO Stefan B. Schulz sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $71.63, for a total value of $143,260.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andres Reiner sold 25,973 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $72.26, for a total value of $1,876,808.98. The disclosure for this sale can be found here. Insiders have sold a total of 809,388 shares of company stock valued at $58,360,668 over the last ninety days. 13.70% of the stock is owned by company insiders.

Shares of NYSE PRO opened at $62.86 on Friday. PROS Holdings, Inc. has a twelve month low of $28.18 and a twelve month high of $75.39. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 2.28. The stock has a fifty day simple moving average of $70.25 and a 200-day simple moving average of $56.83. The stock has a market capitalization of $2.50 billion, a PE ratio of -57.67 and a beta of 1.16.

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

A number of brokerages have issued reports on PRO. Nomura raised their target price on PROS from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Zacks Investment Research downgraded PROS from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. Northland Securities lifted their price objective on PROS from $55.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Bank of America initiated coverage on PROS in a research report on Monday, June 17th. They set a “buy” rating and a $75.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on PROS from $55.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. PROS presently has a consensus rating of “Buy” and an average target price of $71.27.

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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