New York State Common Retirement Fund Has $4.01 Million Stake in PROS Holdings, Inc. (NYSE:PRO)

New York State Common Retirement Fund decreased its position in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 14.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 210,606 shares of the software maker's stock after selling 34,683 shares during the quarter. New York State Common Retirement Fund owned approximately 0.44% of PROS worth $4,008,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Quadrant Capital Group LLC grew its holdings in shares of PROS by 153.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock worth $34,000 after buying an additional 926 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of PROS by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker's stock worth $743,000 after buying an additional 1,080 shares during the last quarter. Comerica Bank grew its holdings in shares of PROS by 264.5% during the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker's stock worth $34,000 after buying an additional 1,140 shares during the last quarter. Swiss National Bank lifted its position in PROS by 1.7% in the fourth quarter. Swiss National Bank now owns 78,900 shares of the software maker's stock valued at $1,733,000 after purchasing an additional 1,300 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in PROS in the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 94.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PRO shares. Stifel Nicolaus reduced their price objective on shares of PROS from $24.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, July 8th. Robert W. Baird downgraded shares of PROS from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $27.00 to $18.00 in a research report on Monday, June 16th. Needham & Company LLC restated a "buy" rating and issued a $25.00 price objective on shares of PROS in a research report on Thursday, June 12th. KeyCorp reduced their price target on shares of PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Finally, Baird R W downgraded shares of PROS from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 16th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.50.

PROS Price Performance

PRO stock traded up $0.65 on Friday, reaching $16.35. The company's stock had a trading volume of 2,059,815 shares, compared to its average volume of 916,052. PROS Holdings, Inc. has a 52 week low of $13.61 and a 52 week high of $29.84. The company has a market capitalization of $782.35 million, a P/E ratio of -58.39 and a beta of 0.98. The firm has a fifty day moving average of $16.52 and a two-hundred day moving average of $19.46.

PROS (NYSE:PRO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $86.32 million for the quarter, compared to the consensus estimate of $85.69 million. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 earnings per share. As a group, equities analysts expect that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal 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.