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

Northern Trust Corp boosted its holdings in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 448,234 shares of the software maker's stock after purchasing an additional 32,980 shares during the quarter. Northern Trust Corp owned about 0.95% of PROS worth $9,843,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew 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 valued at $124,516,000 after purchasing an additional 172,997 shares during the period. Charles Schwab Investment Management Inc. grew its position in 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 purchasing an additional 80,924 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in 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 purchasing an additional 122,090 shares during the period. Raymond James Financial Inc. acquired a new stake in PROS in the 4th quarter valued at $6,447,000. Finally, Barclays PLC grew its position in PROS by 11.5% in the 4th quarter. Barclays PLC now owns 265,722 shares of the software maker's stock valued at $5,835,000 after purchasing an additional 27,340 shares during the period. Institutional investors and hedge funds own 94.27% of the company's stock.

Analysts Set New Price Targets

PRO has been the topic of several recent analyst reports. Wall Street Zen cut PROS from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, May 7th. Stifel Nicolaus dropped their price objective on PROS from $30.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Needham & Company LLC dropped their price objective on PROS from $30.00 to $25.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Robert W. Baird dropped their price objective on PROS from $30.00 to $27.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, KeyCorp dropped their price objective on PROS from $31.00 to $22.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $29.13.

PROS Price Performance

Shares of NYSE PRO traded down $0.42 during mid-day trading on Friday, reaching $16.83. 410,140 shares of the company's stock were exchanged, compared to its average volume of 542,719. The firm has a market capitalization of $805.16 million, a price-to-earnings ratio of -38.24 and a beta of 1.06. PROS Holdings, Inc. has a 52 week low of $14.81 and a 52 week high of $32.87. The firm has a 50-day moving average price of $17.69 and a two-hundred day moving average price of $21.54.

PROS (NYSE:PRO - Get Free Report) last released its earnings results on Thursday, May 1st. The software maker reported $0.13 EPS for the quarter, topping analysts' consensus estimates 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. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.04 earnings per share. As a group, sell-side analysts forecast that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

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.