Summit Global Investments Makes New $520,000 Investment in PROS Holdings, Inc. (NYSE:PRO)

Summit Global Investments bought a new stake in PROS Holdings, Inc. (NYSE:PRO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 27,348 shares of the software maker's stock, valued at approximately $520,000. Summit Global Investments owned approximately 0.06% of PROS at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PRO. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PROS during the fourth quarter valued at about $30,000. Ancora Advisors LLC bought a new stake in shares of PROS in the 4th quarter worth approximately $33,000. Quadrant Capital Group LLC grew its holdings in shares of PROS by 153.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock valued at $34,000 after purchasing an additional 926 shares during the last quarter. Comerica Bank boosted its position in PROS by 264.5% during the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker's stock valued at $34,000 after buying an additional 1,140 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of PROS by 2,716.9% in the first quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker's stock worth $41,000 after buying an additional 2,092 shares during the period. Hedge funds and other institutional investors own 94.27% of the company's stock.

PROS Price Performance

PRO stock traded up $0.88 during trading on Tuesday, hitting $18.62. 522,710 shares of the stock traded hands, compared to its average volume of 546,550. The stock has a market cap of $890.76 million, a price-to-earnings ratio of -42.31 and a beta of 1.06. PROS Holdings, Inc. has a 1 year low of $14.81 and a 1 year high of $29.98. The firm's 50 day moving average is $17.28 and its two-hundred day moving average is $21.29.

PROS (NYSE:PRO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $0.13 earnings per share for the quarter, topping 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. PROS's revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.04 earnings per share. As a group, analysts anticipate that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PRO has been the subject of a number of analyst reports. KeyCorp dropped their price objective 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 cut PROS from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 7th. Robert W. Baird decreased their target price on PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Stifel Nicolaus decreased their price objective on shares of PROS from $30.00 to $24.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Northland Securities set a $38.00 price target on shares of PROS in a research report on Wednesday, May 28th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $29.13.

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.