Jacobs Levy Equity Management Inc. Lowers Holdings in PROS Holdings, Inc. $PRO

Key Points

• Jacobs Levy Equity Management Inc. has reduced its holdings in PROS Holdings by 9.8%, now owning 841,325 shares worth approximately $16 million.
• PROS stock has experienced a price target rating range, with Northland Securities setting it at $38.00 while Stifel Nicolaus and Robert W. Baird lowered goals to $20.00 and $18.00, respectively.
• Despite recent fluctuations, PROS saw a 2.5% increase in stock price and reported better-than-expected earnings of $0.13 EPS for the last quarter, surpassing estimates.

Jacobs Levy Equity Management Inc. lessened its holdings in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 9.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 841,325 shares of the software maker's stock after selling 91,314 shares during the quarter. Jacobs Levy Equity Management Inc. owned 1.76% of PROS worth $16,010,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in PROS by 7.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,017 shares of the software maker's stock worth $901,000 after purchasing an additional 2,809 shares during the last quarter. Northern Trust Corp lifted its stake in shares of PROS by 7.9% in the 4th quarter. Northern Trust Corp now owns 448,234 shares of the software maker's stock valued at $9,843,000 after purchasing an additional 32,980 shares during the period. 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 valued at $34,000 after purchasing an additional 1,140 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of PROS by 54.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 225,056 shares of the software maker's stock valued at $4,942,000 after purchasing an additional 79,280 shares during the period. Finally, Captrust Financial Advisors acquired a new position in shares of PROS in the 4th quarter valued at about $229,000. Institutional investors and hedge funds own 94.27% of the company's stock.

Analysts Set New Price Targets

PRO has been the subject of a number of recent research reports. Baird R W lowered PROS from a "strong-buy" rating to a "hold" rating in a report on Monday, June 16th. Northland Securities set a $38.00 price objective on PROS in a report on Wednesday, May 28th. Robert W. Baird lowered PROS from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $27.00 to $18.00 in a report on Monday, June 16th. Needham & Company LLC reissued a "buy" rating and set a $25.00 price objective on shares of PROS in a report on Thursday, June 12th. Finally, Stifel Nicolaus reduced their price objective on PROS from $24.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday, July 8th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, PROS has a consensus rating of "Moderate Buy" and an average target price of $25.86.

PROS Trading Down 2.9%

PROS stock traded down $0.45 on Friday, hitting $15.04. 139,818 shares of the stock traded hands, compared to its average volume of 679,063. The firm has a market cap of $723.27 million, a P/E ratio of -68.35 and a beta of 1.02. The business's fifty day simple moving average is $15.41 and its 200 day simple moving average is $17.26. PROS Holdings, Inc. has a 1 year low of $13.61 and a 1 year high of $29.84.

PROS (NYSE:PRO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The software maker reported $0.13 EPS for the quarter, beating 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 period in the prior year, the business posted $0.07 EPS. The business's quarterly revenue 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, analysts predict that PROS Holdings, Inc. will post -0.2 earnings per share for the current year.

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.