Fifth Third Bancorp Has $386,000 Holdings in Procore Technologies, Inc. $PCOR

Fifth Third Bancorp cut its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 5.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,643 shares of the company’s stock after selling 334 shares during the quarter. Fifth Third Bancorp’s holdings in Procore Technologies were worth $386,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. CHICAGO TRUST Co NA grew its stake in shares of Procore Technologies by 44.7% during the second quarter. CHICAGO TRUST Co NA now owns 5,957 shares of the company’s stock worth $408,000 after buying an additional 1,840 shares during the last quarter. Cooper Investors PTY Ltd. bought a new stake in Procore Technologies during the second quarter valued at $5,030,000. Wealth Enhancement Advisory Services LLC boosted its position in Procore Technologies by 13.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,759 shares of the company’s stock valued at $640,000 after acquiring an additional 1,057 shares during the last quarter. First Bank & Trust boosted its position in Procore Technologies by 7.3% during the second quarter. First Bank & Trust now owns 6,293 shares of the company’s stock valued at $431,000 after acquiring an additional 427 shares during the last quarter. Finally, Canandaigua National Trust Co of Florida bought a new stake in Procore Technologies during the second quarter valued at $231,000. 81.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PCOR. Arete began coverage on shares of Procore Technologies in a research report on Monday, June 16th. They set a “buy” rating and a $91.00 price target on the stock. KeyCorp upped their price target on shares of Procore Technologies from $77.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Barclays upped their price objective on shares of Procore Technologies from $72.00 to $82.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. Mizuho upped their price objective on shares of Procore Technologies from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, August 1st. Finally, Piper Sandler upped their price objective on shares of Procore Technologies from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.06.

Procore Technologies Trading Down 2.5%

Shares of PCOR stock opened at $72.95 on Wednesday. The company has a 50 day moving average of $69.13 and a 200-day moving average of $67.62. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.02. Procore Technologies, Inc. has a 12-month low of $53.71 and a 12-month high of $88.92. The firm has a market cap of $10.96 billion, a P/E ratio of -75.99 and a beta of 0.90.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. Procore Technologies had a negative net margin of 11.58% and a negative return on equity of 7.66%. The company had revenue of $323.92 million during the quarter, compared to analyst estimates of $311.91 million. During the same quarter last year, the business posted $0.39 EPS. Procore Technologies’s quarterly revenue was up 13.9% compared to the same quarter last year. Procore Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts anticipate that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Insider Activity

In other news, CFO Howard Fu sold 796 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $71.02, for a total transaction of $56,531.92. Following the completion of the transaction, the chief financial officer directly owned 188,661 shares of the company’s stock, valued at approximately $13,398,704.22. This represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Connor Kevin J. O sold 7,692 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $72.57, for a total transaction of $558,208.44. Following the transaction, the director owned 1,123,329 shares in the company, valued at $81,519,985.53. This represents a 0.68% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,649 shares of company stock worth $3,164,856. 21.50% of the stock is currently owned by corporate insiders.

Procore Technologies Company Profile

Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company’s platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects.