Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 45.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,452 shares of the software maker's stock after purchasing an additional 122,090 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.83% of PROS worth $8,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Stephens Inc. AR lifted its position in shares of PROS by 14.1% during the fourth quarter. Stephens Inc. AR now owns 12,616 shares of the software maker's stock valued at $277,000 after buying an additional 1,556 shares during the last quarter. US Bancorp DE raised its stake in shares of PROS by 11.1% during the 4th quarter. US Bancorp DE now owns 18,500 shares of the software maker's stock worth $406,000 after acquiring an additional 1,841 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in PROS by 17.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,940 shares of the software maker's stock valued at $306,000 after acquiring an additional 2,023 shares during the last quarter. Quadrature Capital Ltd boosted its stake in PROS by 19.3% in the third quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker's stock valued at $233,000 after acquiring an additional 2,034 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew 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 purchasing an additional 2,254 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company's stock.
PROS Price Performance
NYSE:PRO traded up $0.45 during midday trading on Wednesday, hitting $20.98. The company's stock had a trading volume of 409,920 shares, compared to its average volume of 437,997. PROS Holdings, Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $38.71. The firm has a market cap of $997.98 million, a P/E ratio of -47.68 and a beta of 1.14. The firm's 50 day moving average is $23.98 and its 200-day moving average is $21.92.
PROS (NYSE:PRO - Get Free Report) last released its quarterly earnings data 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). As a group, analysts forecast that PROS Holdings, Inc. will post -0.2 EPS for the current year.
Insider Activity
In related news, CAO Scott William Cook sold 5,000 shares of PROS stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $29.84, for a total value of $149,200.00. Following the completion of the transaction, 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 at the SEC website. Insiders own 3.70% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Robert W. Baird increased their price objective on PROS from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. KeyCorp increased their price target on PROS from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Stifel Nicolaus boosted their price target on PROS from $26.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Oppenheimer downgraded shares of PROS from an "outperform" rating to a "market perform" rating in a report on Thursday, January 16th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $30.00 target price on shares of PROS in a research note on Friday, February 7th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $32.00.
Check Out Our Latest Research Report on PROS
About PROS
(
Free Report)
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.
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