Russell Investments Group Ltd. Invests $411,000 in PROS Holdings, Inc. (PRO) Stock

Russell Investments Group Ltd. bought a new stake in PROS Holdings, Inc. (NYSE:PRO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,992 shares of the software maker’s stock, valued at approximately $411,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in PROS Holdings by 1.4% in the second quarter. Bank of Montreal Can now owns 4,414 shares of the software maker’s stock valued at $121,000 after purchasing an additional 59 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in PROS Holdings by 3.8% in the first quarter. Envestnet Asset Management Inc. now owns 27,542 shares of the software maker’s stock valued at $665,000 after purchasing an additional 998 shares in the last quarter. American International Group Inc. increased its stake in PROS Holdings by 7.0% in the first quarter. American International Group Inc. now owns 15,507 shares of the software maker’s stock valued at $375,000 after purchasing an additional 1,021 shares in the last quarter. Teachers Advisors LLC increased its stake in 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 purchasing an additional 1,105 shares in the last quarter. Finally, Blair William & Co. IL increased its stake in PROS Holdings by 5.5% in the first quarter. Blair William & Co. IL now owns 32,640 shares of the software maker’s stock valued at $758,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

PRO has been the subject of several research analyst reports. Pacific Crest lifted their price target on shares of PROS Holdings from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, June 29th. ValuEngine raised shares of PROS Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $31.20.

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PROS Holdings, Inc. (NYSE:PRO) traded down 0.84% during midday trading on Friday, hitting $23.47. 34,063 shares of the stock traded hands. The stock’s market capitalization is $746.06 million. PROS Holdings, Inc. has a 52 week low of $20.34 and a 52 week high of $30.49. The stock’s 50-day moving average price is $26.01 and its 200-day moving average price is $26.02.

PROS Holdings (NYSE:PRO) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.04. PROS Holdings had a negative net margin of 46.55% and a negative return on equity of 2,114.05%. The company had revenue of $40.40 million during the quarter, compared to analysts’ expectations of $39.48 million. During the same period last year, the company posted ($0.26) EPS. PROS Holdings’s revenue was up 9.2% on a year-over-year basis. Equities research analysts expect that PROS Holdings, Inc. will post ($0.87) EPS for the current fiscal year.

In related news, CEO Andres Reiner sold 28,175 shares of PROS Holdings stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $27.48, for a total transaction of $774,249.00. Following the completion of the transaction, the chief executive officer now directly owns 417,715 shares of the company’s stock, valued at approximately $11,478,808.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ronald F. Woestemeyer sold 50,000 shares of PROS Holdings stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $25.51, for a total transaction of $1,275,500.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 114,525 shares of company stock valued at $3,071,057. 18.90% of the stock is currently owned by corporate 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.

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

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