PROS Holdings, Inc. (NYSE:PRO) Shares Acquired by Royce & Associates LP

Key Points

• Royce & Associates LP increased its stake in PROS Holdings, Inc. by 131.0% in Q1, owning approximately $5.6 million worth of the company's stock.
• In the 4th quarter, institutional investors saw significant increases in their holdings, with Alyeska Investment Group and Nuveen Asset Management boosting their positions by 334.0% and 340.3% respectively.
• PROS reported $0.13 EPS for the last quarter, exceeding estimates, and its revenue rose by 7.0% year-over-year, indicating solid growth despite some analysts cutting price targets.

Royce & Associates LP raised its holdings in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 131.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 296,114 shares of the software maker's stock after acquiring an additional 167,950 shares during the quarter. Royce & Associates LP owned approximately 0.62% of PROS worth $5,635,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC boosted its position 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 last quarter. Franklin Resources Inc. boosted its position in shares of PROS by 3.3% in the fourth quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker's stock worth $743,000 after acquiring an additional 1,080 shares during the last quarter. Comerica Bank boosted its position in shares of PROS by 264.5% in the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker's stock worth $34,000 after acquiring an additional 1,140 shares during the last quarter. Swiss National Bank boosted its position 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 acquiring an additional 1,300 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PROS in the fourth quarter worth approximately $30,000. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on PRO shares. Wall Street Zen raised shares of PROS from a "hold" rating to a "buy" rating in a research report on Sunday, July 13th. 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. Northland Securities set a $38.00 price target on shares of PROS in a research report on Wednesday, May 28th. Stifel Nicolaus dropped their price objective on shares of PROS from $24.00 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday, July 8th. Finally, KeyCorp dropped their price objective on shares of PROS from $31.00 to $22.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.50.

PROS Stock Up 3.0%

PRO stock traded up $0.49 during trading on Monday, hitting $16.84. 766,813 shares of the company's stock traded hands, compared to its average volume of 647,460. PROS Holdings, Inc. has a 52 week low of $13.61 and a 52 week high of $29.84. The stock has a fifty day moving average price of $16.52 and a two-hundred day moving average price of $19.43. The stock has a market capitalization of $805.79 million, a price-to-earnings ratio of -60.14 and a beta of 0.98.

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