Raymond James Financial Inc. Takes Position in PROS Holdings, Inc. (NYSE:PRO)

Raymond James Financial Inc. acquired a new stake in PROS Holdings, Inc. (NYSE:PRO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 293,559 shares of the software maker's stock, valued at approximately $6,447,000. Raymond James Financial Inc. owned approximately 0.62% of PROS as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in PRO. Vanguard Group Inc. increased its holdings in shares of PROS by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker's stock worth $124,516,000 after acquiring an additional 172,997 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in PROS by 22.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 440,467 shares of the software maker's stock worth $9,673,000 after buying an additional 80,924 shares during the period. JPMorgan Chase & Co. raised its holdings in PROS by 570.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker's stock worth $7,360,000 after buying an additional 338,158 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in PROS by 45.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 390,452 shares of the software maker's stock valued at $8,574,000 after buying an additional 122,090 shares in the last quarter. Finally, Rice Hall James & Associates LLC boosted its holdings in shares of PROS by 18.5% in the fourth quarter. Rice Hall James & Associates LLC now owns 263,193 shares of the software maker's stock valued at $5,780,000 after buying an additional 41,111 shares during the period. Institutional investors and hedge funds own 94.27% of the company's stock.

Insiders Place Their Bets

In other news, CAO Scott William Cook sold 5,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $29.84, for a total transaction of $149,200.00. Following the transaction, the chief accounting officer now owns 59,159 shares in the company, valued at approximately $1,765,304.56. This trade represents a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.00% of the company's stock.

PROS Price Performance

PRO stock traded down $0.13 during trading hours on Monday, reaching $17.76. The stock had a trading volume of 135,166 shares, compared to its average volume of 522,290. The stock has a market capitalization of $848.64 million, a PE ratio of -40.14 and a beta of 1.04. The stock has a 50-day simple moving average of $20.07 and a 200 day simple moving average of $21.83. PROS Holdings, Inc. has a fifty-two week low of $14.81 and a fifty-two week high of $34.52.

PROS (NYSE:PRO - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.15). On average, sell-side analysts forecast that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Robert W. Baird cut their price objective on shares of PROS from $30.00 to $27.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Needham & Company LLC restated a "buy" rating and issued a $30.00 price target on shares of PROS in a report on Friday, February 7th. Stifel Nicolaus increased their price objective on PROS from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Oppenheimer cut PROS from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 16th. Finally, KeyCorp raised their price target on shares of PROS from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $31.63.

About PROS

PROS Holdings, Inc provides software solutions that optimize the processes of selling and shopping in the digital economy in Europe, the Asia Pacific, the Middle East, Africa, and internationally. The company offers PROS Smart Configure Price Quote that improves sales productivity and accelerate deal velocity by automating common sales tasks; and PROS Smart Price Optimization and Management, which enables businesses to optimize, personalize, and harmonize pricing.