SG Capital Management LLC Acquires Shares of 97,621 PROS Holdings, Inc. (NYSE:PRO)

SG Capital Management LLC acquired a new position in PROS Holdings, Inc. (NYSE:PRO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 97,621 shares of the software maker's stock, valued at approximately $2,144,000. SG Capital Management LLC owned approximately 0.21% of PROS at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of PRO. Vanguard Group Inc. boosted its holdings in shares of PROS by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker's stock valued at $124,516,000 after buying an additional 172,997 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in PROS by 334.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,748,055 shares of the software maker's stock worth $38,387,000 after purchasing an additional 1,345,256 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in PROS by 340.3% during the fourth quarter. Nuveen Asset Management LLC now owns 1,383,315 shares of the software maker's stock valued at $30,378,000 after buying an additional 1,069,141 shares during the last quarter. Deutsche Bank AG increased its stake in PROS by 21.5% during the fourth quarter. Deutsche Bank AG now owns 791,707 shares of the software maker's stock worth $17,386,000 after acquiring an additional 140,210 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of PROS by 7.9% in the fourth quarter. Northern Trust Corp now owns 448,234 shares of the software maker's stock worth $9,843,000 after buying an additional 32,980 shares during the period. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. StockNews.com downgraded PROS from a "strong-buy" rating to a "buy" rating in a report on Wednesday, May 7th. KeyCorp cut their price target on PROS from $31.00 to $22.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. 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 report on Tuesday, April 8th. Needham & Company LLC lowered their price objective on shares of PROS from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Stifel Nicolaus cut their target price on shares of PROS from $30.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, PROS has a consensus rating of "Moderate Buy" and a consensus price target of $29.13.

PROS Stock Performance

Shares of NYSE PRO traded down $0.86 during mid-day trading on Wednesday, reaching $17.24. 172,927 shares of the company's stock were exchanged, compared to its average volume of 541,352. The firm has a market capitalization of $824.97 million, a price-to-earnings ratio of -39.17 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. The company's 50-day moving average is $17.90 and its 200-day moving average is $21.62.

PROS (NYSE:PRO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported $0.13 EPS 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 analysts' expectations of $85.69 million. During the same period in the prior year, the business earned $0.04 EPS. The business's quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts predict that PROS Holdings, Inc. will post -0.2 earnings per share 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.