Stephens Investment Management Group LLC Sells 87,456 Shares of PROS Holdings, Inc. (NYSE:PRO)

Stephens Investment Management Group LLC cut its stake in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 6.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,183,150 shares of the software maker's stock after selling 87,456 shares during the quarter. Stephens Investment Management Group LLC owned 2.51% of PROS worth $21,912,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Fred Alger Management LLC grew its position in shares of PROS by 14.7% in the 2nd quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker's stock valued at $83,633,000 after purchasing an additional 373,982 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of PROS by 218.6% in the third quarter. Assenagon Asset Management S.A. now owns 418,023 shares of the software maker's stock valued at $7,742,000 after buying an additional 286,825 shares during the period. Kopion Asset Management LLC increased its position in shares of PROS by 60.0% during the third quarter. Kopion Asset Management LLC now owns 461,695 shares of the software maker's stock worth $8,551,000 after acquiring an additional 173,168 shares in the last quarter. RGM Capital LLC raised its holdings in shares of PROS by 5.9% during the second quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker's stock worth $85,339,000 after acquiring an additional 166,301 shares during the period. Finally, Vanguard Group Inc. lifted its position in PROS by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker's stock valued at $178,367,000 after acquiring an additional 144,729 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

PROS Price Performance

NYSE PRO traded up $1.15 on Friday, hitting $20.95. 608,702 shares of the stock were exchanged, compared to its average volume of 444,062. The business's fifty day moving average is $18.60 and its 200 day moving average is $24.34. PROS Holdings, Inc. has a 52 week low of $16.64 and a 52 week high of $40.99. The company has a market capitalization of $991.14 million, a PE ratio of -33.79 and a beta of 1.20.

PROS (NYSE:PRO - Get Free Report) last issued its earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.05. The firm had revenue of $82.70 million during the quarter, compared to the consensus estimate of $82.32 million. During the same period in the previous year, the company posted ($0.17) earnings per share. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts predict that PROS Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PRO shares. StockNews.com cut PROS from a "buy" rating to a "hold" rating in a report on Wednesday. Bank of America cut their target price on PROS from $43.00 to $39.00 and set a "buy" rating on the stock in a research note on Tuesday, August 27th. KeyCorp decreased their price target on shares of PROS from $36.00 to $28.00 and set an "overweight" rating for the company in a research note on Wednesday. Oppenheimer reduced their target price on shares of PROS from $31.00 to $27.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Finally, Craig Hallum upgraded shares of 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. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $31.63.

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.