Marshall Wace LLP Acquires 144,830 Shares of PROS Holdings, Inc. (NYSE:PRO)

Marshall Wace LLP grew its stake in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 683.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 166,021 shares of the software maker's stock after purchasing an additional 144,830 shares during the period. Marshall Wace LLP owned approximately 0.35% of PROS worth $3,646,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Quadrant Capital Group LLC grew its position in PROS by 153.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock worth $34,000 after acquiring an additional 926 shares during the last quarter. Franklin Resources Inc. grew its position in PROS by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker's stock worth $743,000 after acquiring an additional 1,080 shares during the last quarter. Swiss National Bank boosted its position in PROS by 1.7% in the 4th quarter. Swiss National Bank now owns 78,900 shares of the software maker's stock valued at $1,733,000 after buying an additional 1,300 shares during the last quarter. Stephens Inc. AR lifted its stake in shares of PROS by 14.1% during the fourth quarter. Stephens Inc. AR now owns 12,616 shares of the software maker's stock valued at $277,000 after acquiring an additional 1,556 shares during the period. Finally, US Bancorp DE increased its position in PROS by 11.1% in the fourth quarter. US Bancorp DE now owns 18,500 shares of the software maker's stock worth $406,000 after purchasing an additional 1,841 shares during the period. 94.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Oppenheimer lowered PROS from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 16th. Robert W. Baird decreased their price objective on PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Stifel Nicolaus boosted their price objective on PROS from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, February 7th. StockNews.com upgraded PROS from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. Finally, Needham & Company LLC restated a "buy" rating and issued a $30.00 target price on shares of PROS in a research note on Friday, February 7th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, PROS presently has an average rating of "Buy" and a consensus price target of $31.63.

PROS Price Performance

PRO stock traded down $0.78 during midday trading on Wednesday, reaching $16.97. 201,828 shares of the company were exchanged, compared to its average volume of 522,454. The business has a 50-day moving average price of $19.73 and a two-hundred day moving average price of $21.79. PROS Holdings, Inc. has a one year low of $14.81 and a one year high of $34.43. The firm has a market capitalization of $811.12 million, a price-to-earnings ratio of -38.57 and a beta of 1.04.

PROS (NYSE:PRO - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.15). As a group, analysts anticipate that PROS Holdings, Inc. will post -0.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PROS news, CAO Scott William Cook sold 5,000 shares of PROS stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $29.84, for a total value of $149,200.00. Following the completion of the sale, the chief accounting officer now owns 59,159 shares in the company, valued at $1,765,304.56. The trade was a 7.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.00% of the company's stock.

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.