Vanguard Group Inc. Grows Stake in PROS Holdings, Inc. $PRO

Key Points

• Vanguard Group Inc. increased its holdings in PROS Holdings, Inc. by 3.1%, acquiring an additional 176,926 shares during the first quarter, bringing its total to approximately 5.85 million shares.
• PROS Holdings reported $0.13 EPS for the last quarter, surpassing expectations, with revenues of $88.72 million, indicating an 8.2% year-over-year growth.
• Analysts have mixed ratings on PROS shares, with a consensus rating of "Moderate Buy" and an average target price of $27.50, despite some firms lowering their price objectives recently.

Vanguard Group Inc. boosted its position in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 3.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,847,056 shares of the software maker's stock after buying an additional 176,926 shares during the quarter. Vanguard Group Inc. owned approximately 12.22% of PROS worth $111,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of PRO. Jefferies Financial Group Inc. lifted its holdings in PROS by 17.8% during the 1st quarter. Jefferies Financial Group Inc. now owns 36,500 shares of the software maker's stock worth $695,000 after purchasing an additional 5,510 shares in the last quarter. Federated Hermes Inc. bought a new stake in PROS during the first quarter valued at $383,000. Mackenzie Financial Corp bought a new stake in PROS during the first quarter valued at $594,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in PROS by 26.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,789 shares of the software maker's stock valued at $243,000 after buying an additional 2,701 shares during the period. Finally, Royce & Associates LP boosted its stake in PROS by 131.0% during the first quarter. Royce & Associates LP now owns 296,114 shares of the software maker's stock valued at $5,635,000 after buying an additional 167,950 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.

PROS Trading Up 0.8%

PROS stock traded up $0.11 during trading hours on Wednesday, hitting $15.15. 164,566 shares of the stock traded hands, compared to its average volume of 681,503. The firm's 50-day moving average price is $15.34 and its two-hundred day moving average price is $18.14. The company has a market cap of $728.95 million, a PE ratio of -68.88 and a beta of 1.08. PROS Holdings, Inc. has a one year low of $13.61 and a one year high of $29.84.

PROS (NYSE:PRO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The software maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.06 by $0.07. The firm had revenue of $88.72 million for the quarter, compared to analysts' expectations of $87.70 million. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $0.07 earnings per share. PROS has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.150-0.17 EPS. On average, sell-side analysts expect that PROS Holdings, Inc. will post -0.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Baird R W downgraded PROS from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 16th. Northland Securities set a $38.00 price target on PROS in a research note on Wednesday, May 28th. Stifel Nicolaus decreased their price target 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. Needham & Company LLC reissued a "buy" rating and set a $25.00 price target on shares of PROS in a research note on Thursday, June 12th. Finally, Robert W. Baird downgraded shares of PROS from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $27.00 to $18.00 in a research note on Monday, June 16th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $25.86.

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.