PROS Holdings, Inc. (NYSE:PRO) Position Lowered by Squarepoint Ops LLC

Squarepoint Ops LLC trimmed its position in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 46.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 147,340 shares of the software maker's stock after selling 129,839 shares during the period. Squarepoint Ops LLC owned approximately 0.31% of PROS worth $3,236,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PRO. Barclays PLC increased its holdings in shares of PROS by 345.4% during the 3rd quarter. Barclays PLC now owns 238,382 shares of the software maker's stock worth $4,415,000 after buying an additional 184,856 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of PROS by 14.1% during the 4th quarter. Stephens Inc. AR now owns 12,616 shares of the software maker's stock worth $277,000 after buying an additional 1,556 shares during the last quarter. Rice Hall James & Associates LLC increased its holdings in shares of PROS by 18.5% during the 4th quarter. Rice Hall James & Associates LLC now owns 263,193 shares of the software maker's stock worth $5,780,000 after buying an additional 41,111 shares during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in shares of PROS by 6.0% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 39,706 shares of the software maker's stock worth $872,000 after buying an additional 2,254 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of PROS during the 4th quarter worth $497,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

PROS Trading Down 2.2%

NYSE:PRO traded down $0.39 on Friday, reaching $17.62. The stock had a trading volume of 730,604 shares, compared to its average volume of 545,869. The company has a 50-day moving average of $17.35 and a 200 day moving average of $21.34. The stock has a market cap of $843.15 million, a P/E ratio of -40.05 and a beta of 1.06. PROS Holdings, Inc. has a 12-month low of $14.81 and a 12-month high of $29.98.

PROS (NYSE:PRO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The software maker reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $86.32 million during the quarter, compared to analysts' expectations of $85.69 million. The business's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.04 earnings per share. On average, equities analysts predict that PROS Holdings, Inc. will post -0.2 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on PRO. Robert W. Baird dropped their price objective on PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Northland Securities set a $38.00 price target on PROS in a report on Wednesday. Needham & Company LLC lowered their price target on PROS from $30.00 to $25.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Wall Street Zen downgraded PROS from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 7th. Finally, Stifel Nicolaus lowered their price target on PROS from $30.00 to $24.00 and set a "buy" rating for the company in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $29.13.

PROS 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.