JPMorgan Chase & Co. Grows Stake in PROS Holdings, Inc. (NYSE:PRO)

JPMorgan Chase & Co. boosted its stake in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 570.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 397,424 shares of the software maker's stock after buying an additional 338,158 shares during the period. JPMorgan Chase & Co. owned 0.84% of PROS worth $7,360,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PROS in the 2nd quarter valued at approximately $29,000. Quarry LP purchased a new position in PROS during the second quarter valued at $38,000. The Manufacturers Life Insurance Company boosted its holdings in shares of PROS by 7.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,456 shares of the software maker's stock valued at $672,000 after buying an additional 1,646 shares in the last quarter. Quadrature Capital Ltd grew its position in shares of PROS by 19.3% in the 3rd quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker's stock worth $233,000 after buying an additional 2,034 shares during the period. Finally, Inspire Investing LLC increased its stake in shares of PROS by 23.8% in the 2nd quarter. Inspire Investing LLC now owns 12,315 shares of the software maker's stock worth $353,000 after acquiring an additional 2,364 shares in the last quarter. 94.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Oppenheimer dropped their price objective on shares of PROS from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. KeyCorp lowered their target price on shares of PROS from $36.00 to $28.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. Craig Hallum upgraded PROS from a "hold" rating to a "buy" rating and set a $31.00 price target on the stock in a research note on Wednesday, October 30th. Northland Securities reiterated an "outperform" rating and set a $38.00 price objective (down previously from $40.00) on shares of PROS in a research note on Wednesday, October 30th. Finally, Robert W. Baird boosted 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. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, PROS presently has a consensus rating of "Buy" and a consensus target price of $31.88.

PROS Stock Up 1.6 %

Shares of PROS stock traded up $0.36 on Wednesday, reaching $22.31. The company's stock had a trading volume of 212,983 shares, compared to its average volume of 414,946. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -35.98 and a beta of 1.21. PROS Holdings, Inc. has a 52 week low of $16.64 and a 52 week high of $38.71. The firm's fifty day simple moving average is $22.97 and its two-hundred day simple moving average is $21.40.

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

PROS 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.