PROS Holdings, Inc. (NYSE:PRO) Shares Purchased by Comerica Bank

Comerica Bank increased its position in shares of PROS Holdings, Inc. (NYSE:PRO) by 264.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,571 shares of the software maker’s stock after acquiring an additional 1,140 shares during the quarter. Comerica Bank’s holdings in PROS were worth $34,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Barclays PLC raised its stake in shares of PROS by 345.4% in the 3rd quarter. Barclays PLC now owns 238,382 shares of the software maker’s stock valued at $4,415,000 after acquiring an additional 184,856 shares during the period. US Bancorp DE raised its stake in shares of PROS by 11.1% in the 4th quarter. US Bancorp DE now owns 18,500 shares of the software maker’s stock valued at $406,000 after acquiring an additional 1,841 shares during the period. Vanguard Group Inc. raised its stake in shares of PROS by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker’s stock valued at $124,516,000 after acquiring an additional 172,997 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of PROS by 28.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 14,289 shares of the software maker’s stock valued at $314,000 after acquiring an additional 3,148 shares during the period. Finally, Rice Hall James & Associates LLC grew its holdings in PROS by 18.5% during the 4th quarter. Rice Hall James & Associates LLC now owns 263,193 shares of the software maker’s stock valued at $5,780,000 after purchasing an additional 41,111 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PRO shares. StockNews.com lowered shares of PROS from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 7th. Needham & Company LLC cut their price objective on shares of PROS from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Robert W. Baird cut their price objective on shares of PROS from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Stifel Nicolaus reduced their price target on shares of PROS from $30.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Finally, KeyCorp reduced their price target on shares of PROS from $31.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.13.

PROS Price Performance

PRO stock opened at $18.00 on Tuesday. PROS Holdings, Inc. has a 52-week low of $14.81 and a 52-week high of $32.87. The company’s 50 day simple moving average is $17.94 and its 200-day simple moving average is $21.65. The firm has a market capitalization of $861.34 million, a P/E ratio of -40.91 and a beta of 1.06.

PROS (NYSE:PRO) last announced 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 company had revenue of $86.32 million for the quarter, compared to analysts’ expectations of $85.69 million. During the same period in the previous year, the firm posted $0.04 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Sell-side analysts predict that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

PROS Company 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.