Quest Partners LLC Sells 17,736 Shares of PROS Holdings, Inc. (NYSE:PRO)

Quest Partners LLC cut its holdings in shares of PROS Holdings, Inc. (NYSE:PRO) by 74.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,125 shares of the software maker’s stock after selling 17,736 shares during the quarter. Quest Partners LLC’s holdings in PROS were worth $113,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PRO. Vanguard Group Inc. increased its stake in PROS by 3.0% in the first quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock valued at $178,367,000 after acquiring an additional 144,729 shares during the last quarter. RGM Capital LLC increased its stake in PROS by 5.9% in the second quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker’s stock valued at $85,339,000 after acquiring an additional 166,301 shares during the last quarter. Fred Alger Management LLC increased its stake in PROS by 14.7% in the second quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker’s stock valued at $83,633,000 after acquiring an additional 373,982 shares during the last quarter. William Blair Investment Management LLC increased its stake in PROS by 7.9% in the second quarter. William Blair Investment Management LLC now owns 745,004 shares of the software maker’s stock valued at $21,344,000 after acquiring an additional 54,607 shares during the last quarter. Finally, Kopion Asset Management LLC increased its stake in PROS by 60.0% in the third quarter. Kopion Asset Management LLC now owns 461,695 shares of the software maker’s stock valued at $8,551,000 after acquiring an additional 173,168 shares during the last quarter. 94.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PRO shares. Oppenheimer decreased their price objective on shares of PROS from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Northland Securities reaffirmed an “outperform” rating and set a $38.00 target price (down previously from $40.00) on shares of PROS in a research note on Wednesday, October 30th. Robert W. Baird decreased their target price on shares of PROS from $35.00 to $28.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Needham & Company LLC decreased their target price on shares of PROS from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Bank of America decreased their target price on shares of PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $31.63.

PROS Stock Performance

Shares of NYSE:PRO opened at $23.20 on Friday. The firm has a market cap of $1.10 billion, a PE ratio of -37.42 and a beta of 1.20. The firm’s fifty day moving average is $20.28 and its 200-day moving average is $22.99. PROS Holdings, Inc. has a 52 week low of $16.64 and a 52 week high of $40.99.

PROS (NYSE:PRO) last issued its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $82.70 million for the quarter, compared to analyst estimates of $82.32 million. PROS’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.17) EPS. Sell-side analysts forecast that PROS Holdings, Inc. will post -0.29 EPS for the current 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.