Northern Trust Corp Purchases 32,980 Shares of PROS Holdings, Inc. (NYSE:PRO)

Northern Trust Corp boosted its holdings in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 7.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448,234 shares of the software maker's stock after purchasing an additional 32,980 shares during the period. Northern Trust Corp owned 0.95% of PROS worth $9,843,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in PROS by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker's stock worth $124,516,000 after purchasing an additional 172,997 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of PROS by 22.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 440,467 shares of the software maker's stock valued at $9,673,000 after buying an additional 80,924 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of PROS by 45.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 390,452 shares of the software maker's stock valued at $8,574,000 after buying an additional 122,090 shares during the period. Raymond James Financial Inc. bought a new stake in shares of PROS during the fourth quarter worth $6,447,000. Finally, Barclays PLC lifted its stake in shares of PROS by 11.5% during the fourth quarter. Barclays PLC now owns 265,722 shares of the software maker's stock valued at $5,835,000 after acquiring an additional 27,340 shares during the period. 94.27% of the stock is owned by institutional investors and hedge funds.

PROS Stock Down 4.6%

PROS stock traded down $0.83 during midday trading on Wednesday, hitting $17.27. 443,922 shares of the stock were exchanged, compared to its average volume of 542,404. The stock has a market capitalization of $826.31 million, a PE ratio of -39.25 and a beta of 1.06. The company has a fifty day simple moving average of $17.90 and a two-hundred day simple moving average of $21.62. PROS Holdings, Inc. has a 52 week low of $14.81 and a 52 week high of $32.87.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on PRO. KeyCorp lowered their price objective on PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. StockNews.com lowered shares of PROS from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 7th. Needham & Company LLC lowered their price target on shares of PROS from $30.00 to $25.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus cut their price objective on shares of PROS from $30.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Robert W. Baird reduced their price objective on shares of PROS from $30.00 to $27.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $29.13.

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.