Acadian Asset Management LLC Raises Position in PROS Holdings, Inc. $PRO

Key Points

• Acadian Asset Management LLC increased its holdings in PROS Holdings, Inc. by 36.3%, acquiring a total of 312,513 shares valued at approximately $5.94 million.
• PROS Holdings experienced mixed analyst ratings, with a current average rating of "Moderate Buy" and an average price target of $25.86, alongside a recent earnings report exceeding estimates.
• The stock opened at $14.55, with a year-high of $29.84 and a current market capitalization of $700.05 million.

Acadian Asset Management LLC grew its holdings in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 36.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 312,513 shares of the software maker's stock after purchasing an additional 83,274 shares during the quarter. Acadian Asset Management LLC owned approximately 0.65% of PROS worth $5,937,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Northern Trust Corp boosted its holdings in shares of PROS by 7.9% in the 4th quarter. Northern Trust Corp now owns 448,234 shares of the software maker's stock valued at $9,843,000 after buying an additional 32,980 shares in the last quarter. Comerica Bank raised its stake in shares of PROS by 264.5% during the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker's stock valued at $34,000 after buying an additional 1,140 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of PROS in the fourth quarter worth about $229,000. Nuveen Asset Management LLC grew its holdings in PROS by 340.3% during the fourth quarter. Nuveen Asset Management LLC now owns 1,383,315 shares of the software maker's stock worth $30,378,000 after acquiring an additional 1,069,141 shares during the period. Finally, ProShare Advisors LLC acquired a new stake in PROS during the fourth quarter worth about $283,000. 94.27% of the stock is owned by hedge funds and other institutional investors.

PROS Trading Up 3.2%

PRO stock traded up $0.46 during midday trading on Monday, hitting $14.99. 832,758 shares of the company's stock were exchanged, compared to its average volume of 634,078. PROS Holdings, Inc. has a 1-year low of $13.61 and a 1-year high of $29.84. The stock has a market capitalization of $721.17 million, a PE ratio of -68.14 and a beta of 1.02. The business has a 50-day simple moving average of $15.34 and a two-hundred day simple moving average of $17.02.

PROS (NYSE:PRO - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.07. The company had revenue of $88.72 million during the quarter, compared to analysts' expectations of $87.70 million. During the same period last year, the firm posted $0.07 earnings per share. PROS's revenue was up 8.2% on a year-over-year basis. PROS has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.150-0.17 EPS. As a group, research analysts expect that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PRO has been the topic of several research analyst reports. Northland Securities set a $38.00 target price on shares of PROS in a research report on Wednesday, May 28th. Wall Street Zen raised shares of PROS from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Stifel Nicolaus dropped their price objective on shares of PROS from $24.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, July 8th. Baird R W downgraded shares of PROS from a "strong-buy" rating to a "hold" rating in a report on Monday, June 16th. Finally, Robert W. Baird cut PROS from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $27.00 to $18.00 in a report on Monday, June 16th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $25.86.

About PROS

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.