Ameriprise Financial Inc. Reduces Position in PROS Holdings, Inc. (NYSE:PRO)

Ameriprise Financial Inc. lessened its holdings in shares of PROS Holdings, Inc. (NYSE:PRO) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,992 shares of the software maker’s stock after selling 2,676 shares during the period. Ameriprise Financial Inc. owned about 0.08% of PROS worth $856,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of PROS by 3.1% during the fourth 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 in the last quarter. Alyeska Investment Group L.P. raised its stake in shares of PROS by 334.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,748,055 shares of the software maker’s stock valued at $38,387,000 after acquiring an additional 1,345,256 shares in the last quarter. Northern Trust Corp raised its stake in shares of PROS by 7.9% during the fourth quarter. Northern Trust Corp now owns 448,234 shares of the software maker’s stock valued at $9,843,000 after acquiring an additional 32,980 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of PROS by 22.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 440,467 shares of the software maker’s stock valued at $9,673,000 after acquiring an additional 80,924 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of PROS by 45.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 390,452 shares of the software maker’s stock valued at $8,574,000 after acquiring an additional 122,090 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

PROS Price Performance

Shares of PRO opened at $17.69 on Tuesday. The firm has a market capitalization of $846.50 million, a PE ratio of -40.20 and a beta of 1.06. PROS Holdings, Inc. has a 1-year low of $14.81 and a 1-year high of $29.98. The company’s fifty day moving average price is $17.28 and its 200-day moving average price is $21.29.

PROS (NYSE:PRO) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $0.13 earnings per share 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. PROS’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. As a group, research analysts anticipate that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on PRO. Stifel Nicolaus reduced their price objective 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. Needham & Company LLC reduced their price objective 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. Northland Securities set a $38.00 price objective on shares of PROS in a research note on Wednesday, May 28th. Robert W. Baird reduced their price objective on shares of PROS from $30.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Finally, KeyCorp reduced their price objective 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 given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.