JPMorgan Chase & Co. reduced its holdings in PROS Holdings, Inc. (NYSE:PRO) by 27.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,664 shares of the software maker’s stock after selling 81,522 shares during the quarter. JPMorgan Chase & Co. owned about 0.58% of PROS worth $7,517,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of PROS in the third quarter worth $200,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of PROS in the third quarter worth $206,000. Monashee Investment Management LLC acquired a new position in shares of PROS in the third quarter worth $218,000. Trexquant Investment LP acquired a new position in shares of PROS in the third quarter worth $251,000. Finally, American International Group Inc. raised its holdings in shares of PROS by 14.0% in the third quarter. American International Group Inc. now owns 20,643 shares of the software maker’s stock worth $723,000 after acquiring an additional 2,543 shares during the last quarter.
A number of research firms have recently weighed in on PRO. Zacks Investment Research raised PROS from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Saturday, January 26th. Nomura cut their price target on PROS from $45.00 to $44.00 and set a “buy” rating for the company in a report on Friday, October 26th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $42.25.
Shares of NYSE:PRO opened at $40.02 on Thursday. The company has a quick ratio of 2.63, a current ratio of 1.26 and a debt-to-equity ratio of 1.62. PROS Holdings, Inc. has a 52 week low of $28.18 and a 52 week high of $41.27.
PROS (NYSE:PRO) last announced its quarterly earnings data on Thursday, February 7th. The software maker reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.19. The business had revenue of $52.60 million during the quarter, compared to analysts’ expectations of $50.75 million. PROS’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.13) EPS. As a group, equities analysts anticipate that PROS Holdings, Inc. will post -0.88 EPS for the current fiscal year.
In other news, EVP Thomas Dziersk sold 2,000 shares of PROS stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $31.71, for a total value of $63,420.00. Following the completion of the sale, the executive vice president now owns 7,077 shares of the company’s stock, valued at $224,411.67. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 15.40% of the stock is owned by insiders.
PROS Company Profile
PROS Holdings, Inc provides AI-powered solutions that optimize selling in the digital economy. Its solutions enable companies to price, configure, and sell products and services in an omnichannel environment with speed, precision, and consistency. 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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