Graham Capital Management L.P. Sells 16,231 Shares of PROS Holdings, Inc. (NYSE:PRO)

Graham Capital Management L.P. reduced its stake in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 18.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,954 shares of the software maker's stock after selling 16,231 shares during the period. Graham Capital Management L.P. owned approximately 0.16% of PROS worth $1,624,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its position in PROS by 153.3% in 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 in the last quarter. Franklin Resources Inc. boosted its stake in PROS by 3.3% in the fourth quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker's stock valued at $743,000 after acquiring an additional 1,080 shares in the last quarter. Comerica Bank increased its holdings in shares of PROS by 264.5% in the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker's stock valued at $34,000 after acquiring an additional 1,140 shares during the period. Swiss National Bank boosted its stake in shares of PROS by 1.7% during the fourth quarter. Swiss National Bank now owns 78,900 shares of the software maker's stock worth $1,733,000 after buying an additional 1,300 shares during the period. Finally, MetLife Investment Management LLC increased its position in PROS by 5.4% in the 4th quarter. MetLife Investment Management LLC now owns 27,978 shares of the software maker's stock valued at $614,000 after acquiring an additional 1,438 shares during the period. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on PRO shares. Needham & Company LLC lowered their price target on shares of PROS from $30.00 to $25.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. 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. StockNews.com downgraded PROS from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 7th. Oppenheimer downgraded PROS from an "outperform" rating to a "market perform" rating in a report on Thursday, January 16th. Finally, Robert W. Baird dropped their target price on PROS from $30.00 to $27.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $29.13.

PROS Stock Down 0.9%

PRO stock traded down $0.17 during mid-day trading on Thursday, reaching $18.64. 550,209 shares of the stock traded hands, compared to its average volume of 539,141. The business has a 50-day moving average of $18.13 and a two-hundred day moving average of $21.66. The firm has a market capitalization of $891.96 million, a PE ratio of -42.36 and a beta of 1.06. PROS Holdings, Inc. has a 52 week low of $14.81 and a 52 week high of $32.87.

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 the consensus estimate of $0.12 by $0.01. The business had revenue of $86.32 million during the quarter, compared to the consensus estimate of $85.69 million. During the same period in the prior year, the company posted $0.04 earnings per share. The firm's revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

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.