Brown Advisory Inc. bought a new stake in shares of Pros Holdings Inc. (NYSE:PRO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,282 shares of the company’s stock, valued at approximately $249,000.
Several other large investors have also recently made changes to their positions in the stock. Nationwide Fund Advisors increased its stake in shares of Pros Holdings by 0.4% in the second quarter. Nationwide Fund Advisors now owns 197,239 shares of the company’s stock valued at $3,438,000 after buying an additional 826 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Pros Holdings during the second quarter valued at $230,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Pros Holdings during the second quarter valued at $272,000. PNC Financial Services Group Inc. increased its stake in shares of Pros Holdings by 173.9% in the second quarter. PNC Financial Services Group Inc. now owns 36,180 shares of the company’s stock valued at $631,000 after buying an additional 22,971 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Pros Holdings by 3.2% in the second quarter. Swiss National Bank now owns 42,000 shares of the company’s stock valued at $732,000 after buying an additional 1,300 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.
Shares of Pros Holdings Inc. (NYSE:PRO) traded down 1.11% on Thursday, reaching $22.28. 9,976 shares of the company’s stock traded hands. Pros Holdings Inc. has a 52 week low of $9.01 and a 52 week high of $25.42. The firm’s 50 day moving average is $20.48 and its 200 day moving average is $16.12. The firm’s market capitalization is $677.07 million.
Pros Holdings (NYSE:PRO) last announced its earnings results on Tuesday, August 2nd. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.06. Pros Holdings had a negative net margin of 48.73% and a negative return on equity of 100.30%. The company had revenue of $37 million for the quarter, compared to analysts’ expectations of $35.70 million. During the same quarter in the previous year, the company posted ($0.11) EPS. The firm’s quarterly revenue was down 11.3% on a year-over-year basis. Analysts expect that Pros Holdings Inc. will post ($1.16) earnings per share for the current fiscal year.
PRO has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 price target on shares of Pros Holdings in a research note on Monday, August 29th. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $16.00 price target on shares of Pros Holdings in a research note on Wednesday, August 3rd. Finally, Deutsche Bank AG raised their price target on shares of Pros Holdings from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.00.
About Pros Holdings
PROS Holdings, Inc provides enterprise revenue and profit realization software solutions. The Company’s software solutions are designed to help business-to-business (B2B) and business-to-consumer (B2C) companies. The Company also provides professional services to implement its software applications. The Company provides its solutions to enterprises across a range of industries, including manufacturing, distribution, services and travel.
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