Northern Trust Corp Has $9.84 Million Position in PROS Holdings, Inc. (NYSE:PRO)

Northern Trust Corp lifted its stake in shares of PROS Holdings, Inc. (NYSE:PRO) by 7.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 448,234 shares of the software maker’s stock after acquiring an additional 32,980 shares during the period. Northern Trust Corp owned 0.95% of PROS worth $9,843,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in PROS during the 4th quarter valued at $6,447,000. Barclays PLC increased its stake in PROS by 345.4% during the 3rd quarter. Barclays PLC now owns 238,382 shares of the software maker’s stock valued at $4,415,000 after purchasing an additional 184,856 shares in the last quarter. Vanguard Group Inc. increased its stake in 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 purchasing an additional 172,997 shares in the last quarter. Marshall Wace LLP increased its stake in PROS by 683.5% during the 4th quarter. Marshall Wace LLP now owns 166,021 shares of the software maker’s stock valued at $3,646,000 after purchasing an additional 144,830 shares in the last quarter. Finally, Norges Bank bought a new stake in PROS during the 4th quarter valued at $2,794,000. Institutional investors and hedge funds own 94.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on PRO shares. Needham & Company LLC decreased their price target 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. StockNews.com downgraded shares of PROS from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 7th. KeyCorp cut their target price on shares of PROS from $31.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus cut their target price on shares of PROS from $30.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Finally, Robert W. Baird cut their target price on shares of PROS from $30.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.13.

PROS Trading Down 1.2%

PRO stock opened at $18.44 on Friday. The firm has a 50 day moving average of $18.01 and a 200-day moving average of $21.65. PROS Holdings, Inc. has a 12 month low of $14.81 and a 12 month high of $32.87. The firm has a market capitalization of $882.15 million, a P/E ratio of -41.90 and a beta of 1.06.

PROS (NYSE:PRO) last released its quarterly earnings data on Thursday, May 1st. The software maker reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $86.32 million during the quarter, compared to the consensus estimate of $85.69 million. PROS’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 earnings per share. Sell-side analysts predict that PROS Holdings, Inc. will post -0.2 EPS 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.