Barclays PLC Raises Stock Position in PROS Holdings, Inc. (NYSE:PRO)

Barclays PLC lifted its holdings in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 345.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 238,382 shares of the software maker's stock after buying an additional 184,856 shares during the period. Barclays PLC owned approximately 0.50% of PROS worth $4,415,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PROS during the 2nd quarter valued at $29,000. Quarry LP purchased a new stake in PROS during the second quarter valued at $38,000. Intech Investment Management LLC bought a new position in shares of PROS in the 3rd quarter worth approximately $204,000. Hennion & Walsh Asset Management Inc. raised its position in PROS by 27.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker's stock worth $206,000 after acquiring an additional 2,393 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its position in PROS by 29.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 11,917 shares of the software maker's stock valued at $221,000 after purchasing an additional 2,700 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

PROS Stock Down 0.7 %

NYSE PRO traded down $0.17 during trading hours on Friday, hitting $22.50. 733,884 shares of the company were exchanged, compared to its average volume of 474,274. PROS Holdings, Inc. has a 52 week low of $16.64 and a 52 week high of $40.16. The stock has a 50-day moving average price of $22.05 and a 200 day moving average price of $22.16. The stock has a market cap of $1.06 billion, a PE ratio of -36.29 and a beta of 1.21.

PROS (NYSE:PRO - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. The company had revenue of $82.70 million for the quarter, compared to analysts' expectations of $82.32 million. The business's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.17) EPS. As a group, sell-side analysts anticipate that PROS Holdings, Inc. will post -0.29 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on PRO. Needham & Company LLC decreased their price target on PROS from $40.00 to $30.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Craig Hallum raised shares of PROS from a "hold" rating to a "buy" rating and set a $31.00 price objective for the company in a report on Wednesday, October 30th. KeyCorp dropped their target price on shares of PROS from $36.00 to $28.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Oppenheimer reduced their price target on shares of PROS from $31.00 to $27.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Finally, Northland Securities reissued an "outperform" rating and set a $38.00 price objective (down previously from $40.00) on shares of PROS in a report on Wednesday, October 30th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, PROS currently has an average rating of "Buy" and an average price target of $31.88.

PROS Company Profile

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.