Mackenzie Financial Corp Purchases Shares of 31,211 PROS Holdings, Inc. (NYSE:PRO)

Key Points

• Mackenzie Financial Corp acquired 31,211 shares of PROS Holdings, valued at approximately $594,000, marking a new position in the software maker during the first quarter.
• Institutional investors now own 94.27% of PROS Holdings, with several firms such as Quadrant Capital Group and Franklin Resources making significant increases in their stakes during the fourth quarter.
• Analysts have mixed ratings on PROS Holdings, with an average rating of "Moderate Buy" and a consensus target price of $27.50, while recent earnings surpassed consensus estimates.

Mackenzie Financial Corp acquired a new position in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 31,211 shares of the software maker's stock, valued at approximately $594,000. Mackenzie Financial Corp owned 0.07% of PROS as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its holdings in PROS by 153.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock valued at $34,000 after purchasing an additional 926 shares during the period. Franklin Resources Inc. raised its position in shares of PROS by 3.3% in the fourth quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker's stock valued at $743,000 after buying an additional 1,080 shares in the last quarter. Comerica Bank boosted its stake in shares of PROS by 264.5% in the fourth 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 period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in PROS during the fourth quarter worth approximately $30,000. Finally, MetLife Investment Management LLC increased its stake in PROS by 5.4% during the 4th quarter. MetLife Investment Management LLC now owns 27,978 shares of the software maker's stock worth $614,000 after acquiring an additional 1,438 shares during the period. Institutional investors and hedge funds own 94.27% of the company's stock.

Wall Street Analyst Weigh In

PRO has been the subject of several analyst reports. Northland Securities set a $38.00 price objective on PROS in a report on Wednesday, May 28th. Wall Street Zen raised shares of PROS from a "hold" rating to a "buy" rating in a research report on Sunday, July 13th. Needham & Company LLC reissued a "buy" rating and issued a $25.00 target price on shares of PROS in a report on Thursday, June 12th. Robert W. Baird cut shares of PROS from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $27.00 to $18.00 in a research report on Monday, June 16th. Finally, Stifel Nicolaus reduced their price target on shares of PROS from $24.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, PROS currently has an average rating of "Moderate Buy" and a consensus target price of $27.50.

PROS Trading Down 0.2%

PRO opened at $14.77 on Thursday. The company has a market cap of $710.34 million, a P/E ratio of -67.11 and a beta of 1.08. The company's 50 day moving average is $16.21 and its 200-day moving average is $19.11. PROS Holdings, Inc. has a 1-year low of $13.61 and a 1-year high of $29.84.

PROS (NYSE:PRO - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The software maker reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.07. The firm had revenue of $88.72 million during the quarter, compared to the consensus estimate of $87.70 million. The firm's revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 earnings per share. On average, equities analysts forecast that PROS Holdings, Inc. will post -0.2 EPS for the current year.

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.

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