Riverbridge Partners Lowers stake in PROS Holdings (PRO)

PROS Holdings (PRO) : Riverbridge Partners reduced its stake in PROS Holdings by 3.4% during the most recent quarter end. The investment management company now holds a total of 2,198,502 shares of PROS Holdings which is valued at $39,155,321 after selling 77,271 shares in PROS Holdings , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.PROS Holdings makes up approximately 0.79% of Riverbridge Partners’s portfolio.

Other Hedge Funds, Including , Stonebridge Capital Management Inc sold out all of its stake in PRO during the most recent quarter. The investment firm sold 26,310 shares of PRO which is valued $484,893.Conestoga Capital Advisors reduced its stake in PRO by selling 303,573 shares or 18.51% in the most recent quarter. The Hedge Fund company now holds 1,336,861 shares of PRO which is valued at $23,903,075. PROS Holdings makes up approx 1.74% of Conestoga Capital Advisors’s portfolio.Rockefeller Financial Services Inc reduced its stake in PRO by selling 7,202 shares or 1.03% in the most recent quarter. The Hedge Fund company now holds 695,157 shares of PRO which is valued at $12,429,407. PROS Holdings makes up approx 0.24% of Rockefeller Financial Services Inc’s portfolio.Wealthtrust-arizona boosted its stake in PRO in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 360 shares of PROS Holdings which is valued at $6,437.

PROS Holdings opened for trading at $17.77 and hit $18.61 on the upside on Thursday, eventually ending the session at $18.53, with a gain of 4.04% or 0.72 points. The heightened volatility saw the trading volume jump to 1,77,407 shares. Company has a market cap of $562 M.

On the company’s financial health, PROS Holdings reported $-0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.32. The company had revenue of $37.00 million for the quarter, compared to analysts expectations of $35.59 million. The company’s revenue was down -11.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.11 EPS.

PROS Holdings Inc. provides big data software applications designed to help companies outperform in its markets by using big data. The Company offers big data software applications to analyze execute and optimize sales pricing quoting rebates and revenue management. The Company also provides professional services to implement its software applications as well as business consulting. In addition the Company provides product maintenance and support to its customers to receive unspecified upgrades maintenance releases and bug fixes during the term of the support period on a when-and-if-available basis. The Company provides its big data software applications to enterprises across a range of industries including manufacturing distribution services and travel.

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