PROS Holdings, Inc. $PRO Shares Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in PROS Holdings, Inc. by 4.2% during Q1, owning a total of 458,899 shares worth approximately $8.73 million.
• Institutional investors now control 94.27% of PROS Holdings, with significant increases in holdings from Vanguard Group, Alyeska Investment Group, and Nuveen Asset Management noted recently.
• For its latest quarterly earnings, PROS reported an EPS of $0.13, exceeding estimates, and a revenue of $88.72 million, representing an 8.2% year-over-year increase.

Charles Schwab Investment Management Inc. lifted its holdings in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 458,899 shares of the software maker's stock after acquiring an additional 18,432 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.96% of PROS worth $8,733,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of PROS by 3.1% in the first quarter. Vanguard Group Inc. now owns 5,847,056 shares of the software maker's stock worth $111,269,000 after acquiring an additional 176,926 shares during the period. Alyeska Investment Group L.P. increased its stake in shares of PROS by 334.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,748,055 shares of the software maker's stock worth $38,387,000 after acquiring an additional 1,345,256 shares during the period. Nuveen Asset Management LLC increased its stake in shares of PROS by 340.3% in the fourth quarter. Nuveen Asset Management LLC now owns 1,383,315 shares of the software maker's stock worth $30,378,000 after acquiring an additional 1,069,141 shares during the period. Deutsche Bank AG increased its stake in shares of PROS by 21.5% in the fourth quarter. Deutsche Bank AG now owns 791,707 shares of the software maker's stock worth $17,386,000 after acquiring an additional 140,210 shares during the period. Finally, Northern Trust Corp increased its stake in shares of PROS by 7.9% in the fourth quarter. Northern Trust Corp now owns 448,234 shares of the software maker's stock worth $9,843,000 after acquiring an additional 32,980 shares during the period. Institutional investors and hedge funds own 94.27% of the company's stock.

PROS Price Performance

Shares of PROS stock opened at $15.4170 on Tuesday. The stock has a market capitalization of $741.71 million, a P/E ratio of -70.08 and a beta of 1.08. The business has a 50 day simple moving average of $15.33 and a two-hundred day simple moving average of $18.16. PROS Holdings, Inc. has a 12 month low of $13.61 and a 12 month high of $29.84.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PRO. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 price objective on shares of PROS in a research note on Thursday, June 12th. Baird R W lowered shares of PROS from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 16th. KeyCorp dropped 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. Robert W. Baird downgraded shares of PROS from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $27.00 to $18.00 in a research report on Monday, June 16th. Finally, Wall Street Zen upgraded PROS from a "hold" rating to a "buy" rating in a research report on Sunday, July 13th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $27.50.

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.

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