Stephens Investment Management Group LLC Has $20.97 Million Stake in PROS Holdings, Inc. (NYSE:PRO)

Stephens Investment Management Group LLC lessened its stake in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,101,818 shares of the software maker's stock after selling 83,545 shares during the quarter. Stephens Investment Management Group LLC owned approximately 2.31% of PROS worth $20,968,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Alyeska Investment Group L.P. lifted its stake in 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 valued at $38,387,000 after buying an additional 1,345,256 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of PROS by 340.3% in the 4th 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. Raymond James Financial Inc. bought a new stake in PROS in the 4th quarter valued at about $6,447,000. Vanguard Group Inc. boosted its stake in PROS by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker's stock valued at $124,516,000 after purchasing an additional 172,997 shares during the period. Finally, Marshall Wace LLP grew its position in PROS by 683.5% in the 4th quarter. Marshall Wace LLP now owns 166,021 shares of the software maker's stock worth $3,646,000 after purchasing an additional 144,830 shares during the last quarter. Institutional investors own 94.27% of the company's stock.

PROS Stock Down 0.5%

PROS stock traded down $0.07 during midday trading on Wednesday, hitting $15.04. The company's stock had a trading volume of 229,382 shares, compared to its average volume of 614,290. The company has a market capitalization of $719.47 million, a PE ratio of -53.81 and a beta of 0.98. The stock's 50-day moving average price is $16.87 and its 200-day moving average price is $19.79. 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 released its earnings results on Thursday, May 1st. The software maker reported $0.13 earnings per share for the quarter, topping the consensus estimate 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 revenue was up 7.0% on a year-over-year basis. During the same period last year, the business earned $0.04 earnings per share. As a group, equities analysts anticipate that PROS Holdings, Inc. will post -0.2 EPS for the current year.

Analyst Upgrades and Downgrades

PRO has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price target on PROS from $24.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, July 8th. Wall Street Zen raised PROS from a "hold" rating to a "buy" rating in a research note on Sunday. Needham & Company LLC restated a "buy" rating and set a $25.00 price objective on shares of PROS in a research note on Thursday, June 12th. KeyCorp reduced their price objective on shares of PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, Baird R W cut shares of PROS from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 16th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, PROS has an average rating of "Moderate Buy" and an average target price of $27.50.

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.