State Board of Administration of Florida Retirement System Continues to Hold Stake in PROS Holdings, Inc. (PRO)

State Board of Administration of Florida Retirement System continued to hold its stake in shares of PROS Holdings, Inc. (NYSE:PRO) during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 25,153 shares of the software maker’s stock at the end of the first quarter. State Board of Administration of Florida Retirement System’s holdings in PROS Holdings were worth $608,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Rockefeller Financial Services Inc. increased its stake in shares of PROS Holdings by 4.0% in the first quarter. Rockefeller Financial Services Inc. now owns 845,705 shares of the software maker’s stock valued at $20,458,000 after buying an additional 32,528 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of PROS Holdings by 2.8% in the first quarter. Conestoga Capital Advisors LLC now owns 1,408,121 shares of the software maker’s stock valued at $34,062,000 after buying an additional 37,820 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of PROS Holdings by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 41,140 shares of the software maker’s stock valued at $885,000 after buying an additional 1,105 shares in the last quarter. Norges Bank bought a new stake in shares of PROS Holdings during the fourth quarter valued at about $9,415,000. Finally, Castleark Management LLC bought a new stake in shares of PROS Holdings during the fourth quarter valued at about $4,385,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

Institutional Ownership by Quarter for PROS Holdings (NYSE:PRO)

Shares of PROS Holdings, Inc. (NYSE PRO) opened at 27.51 on Friday. The firm’s market capitalization is $864.75 million. The firm’s 50-day moving average price is $27.50 and its 200 day moving average price is $23.92. PROS Holdings, Inc. has a 52 week low of $15.49 and a 52 week high of $30.49.

PROS Holdings (NYSE:PRO) last posted its quarterly earnings data on Tuesday, May 2nd. The software maker reported ($0.34) EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.08. The business had revenue of $40.13 million for the quarter, compared to analyst estimates of $38.60 million. PROS Holdings had a negative return on equity of 2,114.05% and a negative net margin of 48.21%. On average, analysts anticipate that PROS Holdings, Inc. will post ($0.88) EPS for the current year.

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Several analysts have recently issued reports on the company. ValuEngine upgraded PROS Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Deutsche Bank AG upped their target price on PROS Holdings to $35.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Stifel Nicolaus upped their target price on PROS Holdings from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, May 3rd. Finally, Zacks Investment Research upgraded PROS Holdings from a “sell” rating to a “hold” rating in a research note on Friday, March 31st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. PROS Holdings currently has a consensus rating of “Buy” and an average target price of $30.25.

In related news, CEO Andres Reiner sold 28,175 shares of PROS Holdings stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $29.48, for a total transaction of $830,599.00. Following the sale, the chief executive officer now directly owns 439,490 shares of the company’s stock, valued at $12,956,165.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Leslie J. Rechan bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were purchased at an average cost of $25.54 per share, for a total transaction of $102,160.00. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 158,976 shares of company stock worth $4,043,736. 18.90% of the stock is owned by company insiders.

About PROS Holdings

PROS Holdings, Inc (PROS) is a provider of revenue and profit realization solutions. The Company provides its solutions to enterprises across the manufacturing, distribution, services, and travel industries, including automotive and industrial, business-to-business (B2B) services, cargo, chemicals and energy, consumer goods, insurance, food and beverage, healthcare, high tech and travel.

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