Russell Investments Group Ltd. Buys 16,551 Shares of PROS Holdings, Inc. (NYSE:PRO)

Russell Investments Group Ltd. lifted its position in PROS Holdings, Inc. (NYSE:PRO) by 31.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,024 shares of the software maker’s stock after acquiring an additional 16,551 shares during the quarter. Russell Investments Group Ltd. owned 0.15% of PROS worth $1,538,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp grew its stake in PROS by 2.9% in the third quarter. State Street Corp now owns 1,167,706 shares of the software maker’s stock valued at $21,626,000 after purchasing an additional 33,176 shares during the last quarter. Barclays PLC lifted its holdings in shares of PROS by 345.4% during the third quarter. Barclays PLC now owns 238,382 shares of the software maker’s stock worth $4,415,000 after purchasing an additional 184,856 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of PROS by 570.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker’s stock valued at $7,360,000 after acquiring an additional 338,158 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in PROS by 28.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 14,289 shares of the software maker’s stock valued at $314,000 after purchasing an additional 3,148 shares during the last quarter. Finally, Stephens Inc. AR grew its holdings in PROS by 14.1% during the fourth quarter. Stephens Inc. AR now owns 12,616 shares of the software maker’s stock worth $277,000 after acquiring an additional 1,556 shares during the period. 94.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Scott William Cook sold 5,000 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $29.84, for a total transaction of $149,200.00. Following the transaction, the chief accounting officer now directly owns 59,159 shares in the company, valued at $1,765,304.56. The trade was a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PRO. Stifel Nicolaus lifted their price objective on shares of PROS from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 7th. Oppenheimer cut shares of PROS from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. Needham & Company LLC reiterated a “buy” rating and set a $30.00 price objective on shares of PROS in a research report on Friday, February 7th. KeyCorp boosted their target price on shares of PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Robert W. Baird lowered their price target on PROS from $30.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, PROS has an average rating of “Moderate Buy” and a consensus price target of $31.63.

PROS Price Performance

NYSE PRO opened at $16.02 on Friday. PROS Holdings, Inc. has a 12 month low of $14.81 and a 12 month high of $34.71. The company has a market capitalization of $765.52 million, a price-to-earnings ratio of -36.40 and a beta of 1.04. The firm’s fifty day moving average price is $21.11 and its 200 day moving average price is $21.85.

PROS (NYSE:PRO) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.15). As a group, sell-side analysts forecast that PROS Holdings, Inc. will post -0.2 earnings per share for the current 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.