William Blair Investment Management LLC Acquires 54,607 Shares of PROS Holdings, Inc. (NYSE:PRO)

William Blair Investment Management LLC boosted its position in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 7.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 745,004 shares of the software maker's stock after purchasing an additional 54,607 shares during the quarter. William Blair Investment Management LLC owned about 1.58% of PROS worth $21,344,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its stake in PROS by 137.6% in the fourth quarter. Parallel Advisors LLC now owns 701 shares of the software maker's stock valued at $27,000 after buying an additional 406 shares during the period. Principal Financial Group Inc. increased its stake in PROS by 9.1% in the first quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker's stock valued at $210,000 after purchasing an additional 484 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in PROS in the second quarter worth $210,000. Victory Capital Management Inc. bought a new position in shares of PROS during the fourth quarter worth $218,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of PROS in the 2nd quarter valued at $251,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

PROS Price Performance

NYSE PRO traded down $0.54 on Monday, reaching $17.30. The stock had a trading volume of 705,316 shares, compared to its average volume of 451,116. The company has a market cap of $816.73 million, a P/E ratio of -16.48 and a beta of 1.20. The firm has a fifty day moving average of $21.04 and a two-hundred day moving average of $28.30. PROS Holdings, Inc. has a 1-year low of $16.64 and a 1-year high of $40.99.

PROS (NYSE:PRO - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.07 EPS for the quarter, beating the consensus estimate of $0.02 by $0.05. The business had revenue of $82.01 million during the quarter, compared to analyst estimates of $81.38 million. During the same quarter last year, the company posted ($0.24) earnings per share. The company's revenue was up 8.2% on a year-over-year basis. Research analysts predict that PROS Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PRO shares. Robert W. Baird reduced their target price on PROS from $45.00 to $35.00 and set an "outperform" rating on the stock in a report on Wednesday, July 31st. StockNews.com upgraded PROS from a "hold" rating to a "buy" rating in a research report on Monday, August 5th. Stifel Nicolaus cut their price target on shares of PROS from $40.00 to $32.00 and set a "buy" rating on the stock in a research note on Wednesday, July 31st. Craig Hallum lowered their price objective on shares of PROS from $32.00 to $31.00 and set a "hold" rating for the company in a research report on Wednesday, July 31st. Finally, KeyCorp reduced their target price on shares of PROS from $43.00 to $36.00 and set an "overweight" rating for the company in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $34.86.

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.