Nomura Holdings Inc. Grows Position in PROS Holdings, Inc. (NYSE:PRO)

Nomura Holdings Inc. grew its holdings in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 414,523 shares of the software maker's stock after acquiring an additional 46,372 shares during the period. Nomura Holdings Inc. owned 0.88% of PROS worth $9,103,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Ancora Advisors LLC bought a new position in shares of PROS during the 4th quarter valued at about $33,000. Quadrant Capital Group LLC grew its stake in shares of PROS by 153.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker's stock worth $34,000 after buying an additional 926 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 worth $34,000 after buying an additional 1,140 shares during the last quarter. Quarry LP increased its holdings in shares of PROS by 587.6% in the 4th quarter. Quarry LP now owns 5,803 shares of the software maker's stock worth $127,000 after buying an additional 4,959 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of PROS during the 4th quarter valued at about $156,000. Institutional investors own 94.27% of the company's stock.

Wall Street Analyst Weigh In

PRO has been the topic of several recent research reports. StockNews.com lowered PROS from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 7th. Robert W. Baird reduced their price target on shares of PROS from $30.00 to $27.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Needham & Company LLC decreased their price objective on shares of PROS from $30.00 to $25.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Stifel Nicolaus dropped their target price on shares of PROS from $30.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, KeyCorp decreased their price target on shares of PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $29.13.

PROS Stock Down 0.5%

Shares of NYSE PRO traded down $0.09 during midday trading on Tuesday, reaching $17.93. 61,494 shares of the company's stock traded hands, compared to its average volume of 540,382. The company has a market cap of $857.99 million, a price-to-earnings ratio of -40.75 and a beta of 1.06. The stock's 50 day simple moving average is $17.94 and its 200-day simple moving average is $21.65. PROS Holdings, Inc. has a one year low of $14.81 and a one year high of $32.87.

PROS (NYSE:PRO - Get Free Report) last issued 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 company had revenue of $86.32 million for the quarter, compared to analysts' expectations of $85.69 million. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 earnings per share. Equities analysts predict that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

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.