Royce & Associates LP Trims Stake in PROS Holdings, Inc. (NYSE:PRO)

Royce & Associates LP reduced its stake in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 83.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,664 shares of the software maker's stock after selling 232,441 shares during the quarter. Royce & Associates LP owned about 0.10% of PROS worth $864,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Fred Alger Management LLC raised its holdings in PROS by 14.7% during 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 buying an additional 373,982 shares during the period. Assenagon Asset Management S.A. grew its holdings in PROS by 218.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 418,023 shares of the software maker's stock valued at $7,742,000 after purchasing an additional 286,825 shares during the last quarter. Kopion Asset Management LLC lifted its stake in PROS by 60.0% in the third quarter. Kopion Asset Management LLC now owns 461,695 shares of the software maker's stock worth $8,551,000 after purchasing an additional 173,168 shares during the last quarter. RGM Capital LLC boosted its position 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 valued at $85,339,000 after buying an additional 166,301 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of PROS by 3.0% during the first quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker's stock valued at $178,367,000 after buying an additional 144,729 shares during the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

PROS Stock Up 5.0 %

Shares of NYSE PRO traded up $1.14 during trading on Thursday, hitting $23.66. The company had a trading volume of 365,660 shares, compared to its average volume of 469,627. PROS Holdings, Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $40.99. The stock has a fifty day simple moving average of $19.75 and a two-hundred day simple moving average of $23.27. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -38.15 and a beta of 1.20.

PROS (NYSE:PRO - Get Free Report) last released its earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.05. The business had revenue of $82.70 million for the quarter, compared to analysts' expectations of $82.32 million. During the same period in the previous year, the company earned ($0.17) EPS. PROS's quarterly revenue was up 7.1% compared to the same quarter last year. On average, analysts anticipate that PROS Holdings, Inc. will post -0.29 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on PRO. KeyCorp dropped their price objective on PROS from $36.00 to $28.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. Needham & Company LLC lowered their price objective on shares of PROS from $40.00 to $30.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Northland Securities reaffirmed an "outperform" rating and set a $38.00 target price (down from $40.00) on shares of PROS in a research report on Wednesday, October 30th. Robert W. Baird dropped their price objective on PROS from $35.00 to $28.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 30th. Finally, Stifel Nicolaus decreased their price objective on shares of PROS from $40.00 to $32.00 and set a "buy" rating for the company in a research report on Wednesday, July 31st. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, PROS has an average rating of "Buy" and an average target price 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.