Raymond James Financial Inc. purchased a new stake in PROS Holdings, Inc. (NYSE:PRO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 293,559 shares of the software maker's stock, valued at approximately $6,447,000. Raymond James Financial Inc. owned approximately 0.62% of PROS as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stephens Inc. AR boosted its holdings in PROS by 14.1% in the 4th quarter. Stephens Inc. AR now owns 12,616 shares of the software maker's stock valued at $277,000 after purchasing an additional 1,556 shares during the period. US Bancorp DE grew its position in PROS by 11.1% during the fourth 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 in the last quarter. Oppenheimer Asset Management Inc. grew 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 worth $306,000 after buying an additional 2,023 shares in the last quarter. Quadrature Capital Ltd increased its stake in 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 acquiring an additional 2,034 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its holdings in shares of PROS by 6.0% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 39,706 shares of the software maker's stock valued at $872,000 after acquiring an additional 2,254 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms recently weighed in on PRO. Robert W. Baird upped their price objective on shares of PROS from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Needham & Company LLC reissued a "buy" rating and issued a $30.00 price target on shares of PROS in a report on Friday, February 7th. KeyCorp lifted their price objective on shares of PROS from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Oppenheimer cut PROS from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 16th. Finally, Stifel Nicolaus lifted 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.
Get Our Latest Analysis on PRO
Insider Activity
In related news, CAO Scott William Cook sold 5,000 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $29.84, for a total transaction of $149,200.00. Following 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 this link. Insiders own 3.70% of the company's stock.
PROS Stock Down 4.0 %
Shares of PRO traded down $0.82 during trading hours on Friday, hitting $19.88. The company had a trading volume of 357,870 shares, compared to its average volume of 494,676. PROS Holdings, Inc. has a 52-week low of $16.64 and a 52-week high of $38.71. The stock's 50 day moving average price is $23.85 and its 200 day moving average price is $21.99. The firm has a market cap of $945.46 million, a P/E ratio of -45.17 and a beta of 1.14.
PROS (NYSE:PRO - Get Free Report) last issued its earnings results on Thursday, February 6th. The software maker reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.15). On average, research analysts expect that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.
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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