SG Americas Securities LLC Makes New Investment in PROS Holdings, Inc. (NYSE:PRO)

SG Americas Securities LLC purchased a new position in PROS Holdings, Inc. (NYSE:PRO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 134,144 shares of the software maker’s stock, valued at approximately $8,486,000. SG Americas Securities LLC owned 0.33% of PROS at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PRO. Strs Ohio bought a new position in PROS in the second quarter worth approximately $25,000. Icon Wealth Partners LLC bought a new position in PROS in the first quarter worth approximately $57,000. AlphaOne Investment Services LLC bought a new position in PROS in the first quarter worth approximately $169,000. Legal & General Group Plc raised its position in PROS by 15.3% in the fourth quarter. Legal & General Group Plc now owns 5,653 shares of the software maker’s stock worth $177,000 after acquiring an additional 752 shares during the period. Finally, Allred Capital Management LLC bought a new position in PROS in the first quarter worth approximately $234,000. Institutional investors and hedge funds own 95.09% of the company’s stock.

Shares of PRO stock traded up $1.37 on Friday, hitting $75.13. 498,267 shares of the stock traded hands, compared to its average volume of 441,482. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of -68.93 and a beta of 1.13. PROS Holdings, Inc. has a 52 week low of $28.18 and a 52 week high of $75.39. The business has a 50 day moving average price of $67.52. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 2.28.

PROS (NYSE:PRO) last announced its quarterly earnings data on Thursday, July 25th. The software maker reported ($0.22) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.01. The firm had revenue of $63.88 million for the quarter, compared to the consensus estimate of $61.41 million. PROS had a negative net margin of 28.41% and a negative return on equity of 57.99%. The company’s revenue was up 34.8% on a year-over-year basis. During the same period last year, the firm earned ($0.16) EPS. Analysts forecast that PROS Holdings, Inc. will post -0.83 earnings per share for the current fiscal year.

Several research firms have weighed in on PRO. KeyCorp increased their price target on shares of PROS from $58.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. DA Davidson raised their price objective on shares of PROS to $50.00 and gave the company a “neutral” rating in a research report on Thursday, May 23rd. Royal Bank of Canada raised their price objective on shares of PROS to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, April 23rd. Nomura raised their price objective on shares of PROS from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Needham & Company LLC set a $80.00 price objective on shares of PROS and gave the company a “buy” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $71.27.

In other PROS news, EVP Thomas Dziersk sold 3,000 shares of PROS stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $72.49, for a total value of $217,470.00. Following the sale, the executive vice president now directly owns 5,357 shares in the company, valued at approximately $388,328.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy V. Williams sold 1,000 shares of PROS stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $73.05, for a total transaction of $73,050.00. Following the completion of the sale, the director now owns 107,373 shares in the company, valued at $7,843,597.65. The disclosure for this sale can be found here. Insiders have sold a total of 31,973 shares of company stock worth $2,310,609 over the last 90 days. Insiders own 13.70% of the company’s stock.

About PROS

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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