Invesco Ltd. Sells 653 Shares of PROS Holdings, Inc. (NYSE:PRO)

Invesco Ltd. reduced its stake in PROS Holdings, Inc. (NYSE:PRO) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,471 shares of the software maker’s stock after selling 653 shares during the period. Invesco Ltd. owned approximately 0.07% of PROS worth $691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of PRO. Quadrant Capital Group LLC raised its stake in PROS by 153.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker’s stock worth $34,000 after acquiring an additional 926 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of PROS during the 4th quarter worth about $156,000. Natixis Advisors LLC bought a new position in PROS during the 4th quarter valued at about $237,000. Aigen Investment Management LP acquired a new position in PROS in the fourth quarter valued at about $252,000. Finally, Stephens Inc. AR grew its stake 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 buying an additional 1,556 shares during the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Scott William Cook sold 5,000 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $29.84, for a total value of $149,200.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.00% of the stock is currently owned by insiders.

PROS Stock Down 2.3 %

PROS stock opened at $16.46 on Friday. The stock has a market capitalization of $786.74 million, a PE ratio of -37.41 and a beta of 1.04. PROS Holdings, Inc. has a twelve month low of $14.81 and a twelve month high of $34.43. The company has a 50 day moving average of $19.21 and a 200-day moving average of $21.73.

PROS (NYSE:PRO) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $86.32 million for the quarter, compared to the consensus estimate of $85.69 million. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $0.04 earnings per share. Equities analysts anticipate that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PRO. StockNews.com raised PROS from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Robert W. Baird decreased their target price on PROS from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. KeyCorp cut their price target on PROS from $31.00 to $22.00 and set an “overweight” rating for the company in a report on Friday. Needham & Company LLC decreased their price objective on shares of PROS from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Friday. Finally, Oppenheimer downgraded shares of PROS from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, PROS has a consensus rating of “Buy” and a consensus target price of $29.13.

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.