Charles Schwab Investment Management Inc. Acquires 80,924 Shares of PROS Holdings, Inc. (NYSE:PRO)

Charles Schwab Investment Management Inc. increased its position in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 22.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 440,467 shares of the software maker's stock after purchasing an additional 80,924 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.93% of PROS worth $9,673,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Stephens Inc. AR boosted its stake in PROS by 14.1% during the fourth quarter. Stephens Inc. AR now owns 12,616 shares of the software maker's stock worth $277,000 after acquiring an additional 1,556 shares in the last quarter. US Bancorp DE grew its stake in shares of PROS by 11.1% in the 4th quarter. US Bancorp DE now owns 18,500 shares of the software maker's stock worth $406,000 after buying an additional 1,841 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of PROS by 17.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 13,940 shares of the software maker's stock worth $306,000 after buying an additional 2,023 shares during the last quarter. Quadrature Capital Ltd raised its stake in PROS by 19.3% during the third quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker's stock valued at $233,000 after buying an additional 2,034 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its holdings in PROS by 6.0% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 39,706 shares of the software maker's stock worth $872,000 after acquiring an additional 2,254 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors.

Remove Ads

PROS Stock Down 1.1 %

NYSE:PRO traded down $0.24 during trading hours on Wednesday, hitting $20.95. 182,515 shares of the stock traded hands, compared to its average volume of 473,323. The company has a market cap of $996.31 million, a price-to-earnings ratio of -47.60 and a beta of 1.14. PROS Holdings, Inc. has a 1 year low of $16.64 and a 1 year high of $38.71. The stock has a 50 day moving average price of $23.89 and a 200 day moving average price of $22.01.

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

Insider Buying and Selling

In other PROS news, CAO Scott William Cook sold 5,000 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $29.84, for a total value of $149,200.00. Following the sale, the chief accounting officer now owns 59,159 shares in the company, valued at $1,765,304.56. The trade was a 7.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PRO shares. Stifel Nicolaus increased their price target on shares of PROS from $26.00 to $30.00 and gave the company a "buy" rating in a report on Friday, February 7th. Robert W. Baird lifted their target price on PROS from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Needham & Company LLC restated a "buy" rating and issued a $30.00 price target on shares of PROS in a research note on Friday, February 7th. Oppenheimer downgraded PROS from an "outperform" rating to a "market perform" rating in a report on Thursday, January 16th. Finally, KeyCorp upped their target price on shares of PROS from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, PROS has a consensus rating of "Moderate Buy" and an average price target of $32.00.

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.