State Board of Administration of Florida Retirement System reduced its position in Pros Holdings Inc. (NYSE:PRO) by 1.5% during the second quarter, Holdings Channel reports. The firm owned 26,773 shares of the company’s stock after selling 421 shares during the period. State Board of Administration of Florida Retirement System owned about 0.09% of Pros Holdings worth $467,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swiss National Bank increased its position 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 worth $732,000 after buying an additional 1,300 shares during the period. California State Teachers Retirement System increased its position in shares of Pros Holdings by 3.4% in the second quarter. California State Teachers Retirement System now owns 52,827 shares of the company’s stock worth $921,000 after buying an additional 1,725 shares during the period. BB&T Corp purchased a new position in shares of Pros Holdings during the second quarter worth $198,000. Royal Bank of Canada increased its position in shares of Pros Holdings by 144.8% in the first quarter. Royal Bank of Canada now owns 36,401 shares of the company’s stock worth $430,000 after buying an additional 21,533 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Pros Holdings during the first quarter worth $1,214,000. Institutional investors and hedge funds own 91.60% of the company’s stock.
Shares of Pros Holdings Inc. (NYSE:PRO) traded down 0.13% during mid-day trading on Friday, reaching $22.28. 128,307 shares of the company traded hands. The stock’s 50-day moving average is $20.70 and its 200-day moving average is $16.24. Pros Holdings Inc. has a 52 week low of $9.01 and a 52 week high of $25.42. The company’s market capitalization is $677.07 million.
Pros Holdings (NYSE:PRO) last issued its earnings results on Tuesday, August 2nd. The company reported ($0.26) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.32) by $0.06. The business had revenue of $37 million for the quarter, compared to the consensus estimate of $35.70 million. Pros Holdings had a negative net margin of 48.73% and a negative return on equity of 100.30%. The business’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. On average, equities analysts predict that Pros Holdings Inc. will post ($1.16) EPS for the current fiscal year.
A number of brokerages have weighed in on PRO. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 price objective on shares of Pros Holdings in a research report on Monday, August 29th. Deutsche Bank AG upped their price target on shares of Pros Holdings from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. restated a “hold” rating and set a $16.00 price target on shares of Pros Holdings in a research report on Wednesday, August 3rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently 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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