Echo Street Capital Management Decreased Interpublic Group Cos (IPG) Holding; Pros Holdings (PRO) Shorts Raised By 3.09%

September 17, 2017 - By Marguerite Chambers

Echo Street Capital Management Llc decreased Interpublic Group Cos Inc (IPG) stake by 77.99% reported in 2016Q4 SEC filing. Echo Street Capital Management Llc sold 524,053 shares as Interpublic Group Cos Inc (IPG)’s stock declined 0.78%. The Echo Street Capital Management Llc holds 147,923 shares with $3.46 million value, down from 671,976 last quarter. Interpublic Group Cos Inc now has $7.87 billion valuation. The stock decreased 0.89% or $0.18 on September 15, reaching $20.01. About 6.19 million shares traded or 15.92% up from the average. Interpublic Group of Companies Inc (NYSE:IPG) has risen 3.01% since September 17, 2016 and is uptrending. It has underperformed by 13.69% the S&P500.

Pros Holdings Incorporated (NYSE:PRO) had an increase of 3.09% in short interest. PRO’s SI was 3.04M shares in September as released by FINRA. Its up 3.09% from 2.94M shares previously. With 172,600 avg volume, 18 days are for Pros Holdings Incorporated (NYSE:PRO)’s short sellers to cover PRO’s short positions. The SI to Pros Holdings Incorporated’s float is 12.62%. The stock decreased 3.64% or $0.92 on September 15, reaching $24.34. About 454,698 shares traded or 88.43% up from the average. PROS Holdings, Inc. (NYSE:PRO) has risen 150.14% since September 17, 2016 and is uptrending. It has outperformed by 133.44% the S&P500.

PROS Holdings, Inc. is a provider of revenue and profit realization solutions. The company has market cap of $773.74 million. The Firm 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. It currently has negative earnings. The Firm offers its solutions through a software-as-a-service (SaaS) delivery model, as well as on a perpetual or term license basis.

Investors sentiment increased to 1.46 in 2016 Q4. Its up 0.32, from 1.14 in 2016Q3. It increased, as 4 investors sold PROS Holdings, Inc. shares while 31 reduced holdings. 19 funds opened positions while 43 raised stakes. 27.53 million shares or 0.10% less from 27.56 million shares in 2016Q3 were reported. Envestnet Asset holds 0% in PROS Holdings, Inc. (NYSE:PRO) or 26,544 shares. Blackrock invested in 1,791 shares. Jacobs Levy Equity Incorporated has 12,072 shares for 0.01% of their portfolio. Wellington Mgmt Group Llp holds 12,188 shares or 0% of its portfolio. Castleark Ltd Co holds 0.14% of its portfolio in PROS Holdings, Inc. (NYSE:PRO) for 203,750 shares. Deutsche Fincl Bank Ag has 0% invested in PROS Holdings, Inc. (NYSE:PRO) for 170,644 shares. Tower Rech Cap Limited Co (Trc) reported 0% in PROS Holdings, Inc. (NYSE:PRO). Df Dent And Inc holds 1.22% or 2.02 million shares. Spark Investment Mgmt Limited Company reported 28,500 shares. Wealthtrust owns 0.01% invested in PROS Holdings, Inc. (NYSE:PRO) for 450 shares. Blackrock Ltd Liability Company accumulated 13,279 shares. Fruth Invest Mngmt invested in 10,900 shares. Sei holds 0% of its portfolio in PROS Holdings, Inc. (NYSE:PRO) for 1,429 shares. Washington-based Parametric Portfolio Ltd Liability Corp has invested 0% in PROS Holdings, Inc. (NYSE:PRO). Tiaa Cref Investment Mgmt Limited Liability holds 0% or 82,742 shares.

Since April 3, 2017, it had 0 insider purchases, and 3 selling transactions for $2.62 million activity. 52,698 shares were sold by Reiner Andres, worth $1.31 million on Monday, May 1.

Among 7 analysts covering Pros Holdings (NYSE:PRO), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Pros Holdings had 12 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of PROS Holdings, Inc. (NYSE:PRO) earned “Hold” rating by Stifel Nicolaus on Friday, January 15. The firm earned “Overweight” rating on Friday, November 11 by JP Morgan. The firm has “Hold” rating given on Monday, January 18 by Stifel Nicolaus. On Tuesday, September 12 the stock rating was maintained by Needham with “Buy”. Stifel Nicolaus maintained PROS Holdings, Inc. (NYSE:PRO) on Friday, August 4 with “Hold” rating. On Friday, August 7 the stock rating was downgraded by JMP Securities to “Mkt Outperform”. The stock has “Market Perform” rating by Northland Capital on Friday, August 7. As per Thursday, February 23, the company rating was maintained by Needham.

Investors sentiment decreased to 1 in 2016 Q4. Its down 0.25, from 1.25 in 2016Q3. It fall, as 45 investors sold IPG shares while 156 reduced holdings. 64 funds opened positions while 138 raised stakes. 373.90 million shares or 2.75% more from 363.88 million shares in 2016Q3 were reported. Lmr Prns Llp invested in 12,888 shares. Walleye Trading Limited Co accumulated 2,618 shares or 0% of the stock. Livforsakringsbolaget Skandia Omsesidigt has 44,987 shares for 0.05% of their portfolio. Toronto Dominion Retail Bank has 68,497 shares for 0% of their portfolio. Panagora Asset Mgmt holds 0.11% in Interpublic Group of Companies Inc (NYSE:IPG) or 1.04 million shares. Moreover, First Republic Invest Management Incorporated has 0% invested in Interpublic Group of Companies Inc (NYSE:IPG) for 9,004 shares. Blackrock Advsrs Ltd has invested 0.04% in Interpublic Group of Companies Inc (NYSE:IPG). Zurcher Kantonalbank (Zurich Cantonalbank) owns 281,764 shares for 0.07% of their portfolio. 6,986 are owned by Pinebridge Investments Lp. Financial Bank Of Hawaii reported 0.04% of its portfolio in Interpublic Group of Companies Inc (NYSE:IPG). Sei Invests accumulated 940,439 shares or 0.11% of the stock. California Pub Employees Retirement Sys reported 0.04% stake. Amica Pension Fund Board Of Trustees holds 0.07% or 23,226 shares in its portfolio. Blackrock Institutional Tru Company Na reported 0.05% stake. Carroll accumulated 71 shares or 0% of the stock.

Echo Street Capital Management Llc increased Cerner Corp (NASDAQ:CERN) stake by 111,918 shares to 378,633 valued at $17.94M in 2016Q4. It also upped Lkq Corp (NASDAQ:LKQ) stake by 659,058 shares and now owns 1.81M shares. Tripadvisor Inc (NASDAQ:TRIP) was raised too.

Among 17 analysts covering Interpublic Group of Companies (NYSE:IPG), 13 have Buy rating, 1 Sell and 3 Hold. Therefore 76% are positive. Interpublic Group of Companies had 36 analyst reports since September 7, 2015 according to SRatingsIntel. The stock of Interpublic Group of Companies Inc (NYSE:IPG) earned “Buy” rating by Pivotal Research on Monday, October 17. On Tuesday, June 6 the stock rating was downgraded by Macquarie Research to “Neutral”. The rating was maintained by RBC Capital Markets with “Top Pick” on Friday, January 6. The firm has “Buy” rating by Jefferies given on Monday, August 28. The stock has “Buy” rating by Pivotal Research on Monday, August 14. The firm has “Outperform” rating by BMO Capital Markets given on Wednesday, July 26. The stock of Interpublic Group of Companies Inc (NYSE:IPG) has “Outperform” rating given on Thursday, October 22 by Telsey Advisory Group. The rating was maintained by Telsey Advisory Group with “Outperform” on Wednesday, July 26. The stock of Interpublic Group of Companies Inc (NYSE:IPG) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, July 26. As per Thursday, January 5, the company rating was downgraded by Morgan Stanley.

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