Northern Trust Corp Acquires 20,001 Shares of PROS Holdings, Inc. (PRO)

Northern Trust Corp lifted its holdings in PROS Holdings, Inc. (NYSE:PRO) by 4.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 504,042 shares of the software maker’s stock after purchasing an additional 20,001 shares during the quarter. Northern Trust Corp owned 1.54% of PROS worth $18,433,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of PRO. Fred Alger Management Inc. grew its holdings in shares of PROS by 96.7% in the second quarter. Fred Alger Management Inc. now owns 469,431 shares of the software maker’s stock valued at $17,167,000 after purchasing an additional 230,754 shares in the last quarter. Millennium Management LLC purchased a new position in shares of PROS in the first quarter valued at $6,279,000. Kornitzer Capital Management Inc. KS grew its holdings in shares of PROS by 94.3% in the second quarter. Kornitzer Capital Management Inc. KS now owns 295,590 shares of the software maker’s stock valued at $10,810,000 after purchasing an additional 143,460 shares in the last quarter. BlackRock Inc. grew its holdings in shares of PROS by 7.9% in the second quarter. BlackRock Inc. now owns 1,855,897 shares of the software maker’s stock valued at $67,873,000 after purchasing an additional 135,464 shares in the last quarter. Finally, Conestoga Capital Advisors LLC grew its holdings in shares of PROS by 6.5% in the second quarter. Conestoga Capital Advisors LLC now owns 1,990,571 shares of the software maker’s stock valued at $72,795,000 after purchasing an additional 121,845 shares in the last quarter.

NYSE PRO opened at $32.71 on Friday. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 3.53. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -21.38 and a beta of 1.25. PROS Holdings, Inc. has a 52 week low of $23.09 and a 52 week high of $41.10.

PROS (NYSE:PRO) last posted its quarterly earnings data on Thursday, October 25th. The software maker reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.06. The firm had revenue of $49.08 million for the quarter, compared to analysts’ expectations of $47.94 million. Analysts predict that PROS Holdings, Inc. will post -1.35 EPS for the current fiscal year.

PRO has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their target price on shares of PROS from $38.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, July 27th. Royal Bank of Canada initiated coverage on shares of PROS in a report on Tuesday, October 16th. They issued an “outperform” rating and a $38.00 target price for the company. Needham & Company LLC raised their target price on shares of PROS to $46.00 and gave the company a “strong-buy” rating in a report on Friday, July 27th. KeyCorp reissued a “buy” rating and issued a $45.00 target price on shares of PROS in a report on Friday, July 27th. Finally, Nomura cut their target price on shares of PROS from $45.00 to $44.00 and set a “buy” rating for the company in a report on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $39.88.

In other PROS news, CEO Andres Reiner sold 10,000 shares of PROS stock in a transaction on Monday, September 10th. The shares were sold at an average price of $39.03, for a total transaction of $390,300.00. Following the completion of the transaction, the chief executive officer now directly owns 445,399 shares of the company’s stock, valued at $17,383,922.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 30,000 shares of company stock valued at $1,088,600 over the last ninety days. 15.40% of the stock is owned by insiders.

PROS Profile

PROS Holdings, Inc, a cloud software company, provides solutions for companies to price, configure, and sell their products and services to their customers. 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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Institutional Ownership by Quarter for PROS (NYSE:PRO)

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