PROS Holdings, Inc. $PRO Shares Sold by RGM Capital LLC

Key Points

• RGM Capital LLC reduced its stake in PROS Holdings, Inc. by 27.1%, owning 1,852,770 shares after selling 687,982 shares in the first quarter.
• PROS reported an EPS of $0.13 for the last quarter, surpassing analyst expectations, along with a revenue growth of 8.2% year-over-year.
• According to analysts, PROS has a consensus rating of "Moderate Buy" with a price target ranging from $18.00 to $27.50.

RGM Capital LLC cut its position in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 27.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,852,770 shares of the software maker's stock after selling 687,982 shares during the period. PROS makes up 1.5% of RGM Capital LLC's portfolio, making the stock its 20th largest holding. RGM Capital LLC owned about 3.87% of PROS worth $35,258,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. MetLife Investment Management LLC grew its stake in PROS by 5.4% in the 4th quarter. MetLife Investment Management LLC now owns 27,978 shares of the software maker's stock worth $614,000 after acquiring an additional 1,438 shares in the last quarter. State of Tennessee Department of Treasury purchased a new position in PROS in the fourth quarter valued at about $164,000. Price T Rowe Associates Inc. MD raised its stake in shares of 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 acquiring an additional 2,809 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of PROS during the 4th quarter valued at $1,818,000. Finally, Boothbay Fund Management LLC acquired a new stake in PROS in the fourth quarter worth about $200,000. Institutional investors own 94.27% of the company's stock.

PROS Stock Up 0.6%

Shares of NYSE PRO traded up $0.09 during midday trading on Thursday, reaching $15.34. 403,571 shares of the stock were exchanged, compared to its average volume of 943,026. The firm has a market cap of $737.77 million, a price-to-earnings ratio of -69.70 and a beta of 1.08. PROS Holdings, Inc. has a twelve month low of $13.61 and a twelve month high of $29.84. The firm has a 50-day simple moving average of $15.38 and a two-hundred day simple moving average of $18.04.

PROS (NYSE:PRO - Get Free Report) last posted its earnings results on Thursday, July 31st. The software maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.07. The firm had revenue of $88.72 million during the quarter, compared to analyst estimates of $87.70 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The business's revenue for the quarter was up 8.2% on a year-over-year basis. PROS has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.150-0.17 EPS. Research analysts expect that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PRO has been the topic of several research analyst reports. Robert W. Baird downgraded shares of PROS from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $27.00 to $18.00 in a research report on Monday, June 16th. Baird R W lowered shares of PROS from a "strong-buy" rating to a "hold" rating in a report on Monday, June 16th. KeyCorp reduced their target price on PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Wall Street Zen upgraded PROS from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Finally, Stifel Nicolaus cut their price objective on PROS from $24.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, July 8th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $25.86.

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.