Nuveen LLC Takes Position in PROS Holdings, Inc. $PRO

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Nuveen LLC acquired a new stake in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,255,554 shares of the software maker's stock, valued at approximately $23,893,000. Nuveen LLC owned about 2.62% of PROS at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of PROS by 3.1% during the first quarter. Vanguard Group Inc. now owns 5,847,056 shares of the software maker's stock valued at $111,269,000 after buying an additional 176,926 shares during the period. Alyeska Investment Group L.P. increased its position in shares of PROS by 334.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,748,055 shares of the software maker's stock valued at $38,387,000 after buying an additional 1,345,256 shares during the period. Nuveen Asset Management LLC increased its position in shares of PROS by 340.3% during the fourth quarter. Nuveen Asset Management LLC now owns 1,383,315 shares of the software maker's stock valued at $30,378,000 after buying an additional 1,069,141 shares during the period. Deutsche Bank AG increased its position in shares of PROS by 21.5% during the fourth quarter. Deutsche Bank AG now owns 791,707 shares of the software maker's stock valued at $17,386,000 after buying an additional 140,210 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of PROS by 4.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 458,899 shares of the software maker's stock valued at $8,733,000 after buying an additional 18,432 shares during the period. 94.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on PRO shares. Robert W. Baird cut shares of PROS from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $27.00 to $18.00 in a research report on Monday, June 16th. KeyCorp reduced their price target on shares of PROS from $31.00 to $22.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Baird R W cut shares of PROS from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 16th. Northland Securities set a $38.00 price target on shares of PROS in a research report on Wednesday, May 28th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $25.00 price target on shares of PROS in a research report on Thursday, June 12th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, PROS currently has a consensus rating of "Moderate Buy" and an average price target of $27.50.

PROS Trading Up 5.7%

PRO traded up $0.8590 during midday trading on Friday, reaching $15.7990. The company's stock had a trading volume of 824,080 shares, compared to its average volume of 1,028,670. The firm has a market capitalization of $760.09 million, a price-to-earnings ratio of -71.81 and a beta of 1.08. PROS Holdings, Inc. has a 1 year low of $13.61 and a 1 year high of $29.84. The stock's 50-day moving average is $15.32 and its 200-day moving average is $18.29.

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