PROS Holdings, Inc. (NYSE:PRO) Shares Sold by Kopion Asset Management LLC

Kopion Asset Management LLC reduced its position in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 12.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 397,059 shares of the software maker's stock after selling 55,558 shares during the period. PROS comprises approximately 5.9% of Kopion Asset Management LLC's holdings, making the stock its 8th largest position. Kopion Asset Management LLC owned approximately 0.83% of PROS worth $7,556,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PRO. Quadrant Capital Group LLC grew its stake in shares of PROS by 153.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock worth $34,000 after acquiring an additional 926 shares during the period. Franklin Resources Inc. increased its position in shares of PROS by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker's stock valued at $743,000 after purchasing an additional 1,080 shares during the last quarter. Comerica Bank lifted its stake in shares of PROS by 264.5% in the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker's stock worth $34,000 after purchasing an additional 1,140 shares during the period. Swiss National Bank boosted its holdings in shares of PROS by 1.7% in the fourth quarter. Swiss National Bank now owns 78,900 shares of the software maker's stock worth $1,733,000 after buying an additional 1,300 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in PROS in the fourth quarter worth approximately $30,000. 94.27% of the stock is owned by institutional investors.

PROS Stock Up 0.2%

PROS stock traded up $0.04 during mid-day trading on Wednesday, reaching $18.63. 189,107 shares of the company's stock traded hands, compared to its average volume of 546,621. PROS Holdings, Inc. has a 12-month low of $14.81 and a 12-month high of $29.84. The stock has a 50 day moving average of $17.24 and a two-hundred day moving average of $21.27. The company has a market cap of $891.48 million, a price-to-earnings ratio of -42.34 and a beta of 1.06.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PRO. Robert W. Baird dropped their price target on shares of PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Needham & Company LLC dropped their price objective on PROS from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Wall Street Zen cut PROS from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 7th. Northland Securities set a $38.00 price objective on shares of PROS in a report on Wednesday, May 28th. Finally, Stifel Nicolaus lowered their target price 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. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, PROS has a consensus rating of "Moderate Buy" and a consensus target price of $29.13.

PROS Company 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.