Raymond James & Associates Sells 4,364 Shares of PROS Holdings, Inc. (NYSE:PRO)

Raymond James & Associates cut its holdings in shares of PROS Holdings, Inc. (NYSE:PRO) by 20.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 17,080 shares of the software maker’s stock after selling 4,364 shares during the period. Raymond James & Associates’ holdings in PROS were worth $663,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in PROS by 95.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,571 shares of the software maker’s stock worth $124,000 after acquiring an additional 1,748 shares in the last quarter. Clear Street Markets LLC bought a new stake in PROS during the third quarter worth $138,000. Handelsbanken Fonder AB acquired a new stake in PROS in the third quarter valued at $218,000. Teacher Retirement System of Texas bought a new position in shares of PROS in the 3rd quarter valued at about $244,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of PROS by 33.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,159 shares of the software maker’s stock worth $282,000 after purchasing an additional 2,030 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

PROS Stock Performance

Shares of PRO opened at $34.62 on Thursday. The firm has a market cap of $1.63 billion, a P/E ratio of -28.38 and a beta of 1.19. PROS Holdings, Inc. has a 52 week low of $24.61 and a 52 week high of $40.99. The firm’s 50-day simple moving average is $35.51 and its 200 day simple moving average is $35.76.

PROS (NYSE:PRO) last announced its earnings results on Thursday, February 8th. The software maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The firm had revenue of $77.48 million during the quarter, compared to the consensus estimate of $76.70 million. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.20) EPS. As a group, equities analysts forecast that PROS Holdings, Inc. will post -0.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Stefan B. Schulz sold 6,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.92, for a total value of $215,520.00. Following the completion of the sale, the chief financial officer now owns 260,223 shares of the company’s stock, valued at $9,347,210.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PRO. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of PROS in a research note on Monday, March 4th. KeyCorp raised PROS from a “sector weight” rating to an “overweight” rating and set a $43.00 price objective for the company in a research report on Friday, January 12th.

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.