Rhumbline Advisers Grows Stock Holdings in PROS Holdings, Inc. (NYSE:PRO)

Rhumbline Advisers lifted its holdings in PROS Holdings, Inc. (NYSE:PRO) by 5.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,009 shares of the software maker’s stock after acquiring an additional 3,472 shares during the quarter. Rhumbline Advisers owned 0.14% of PROS worth $1,275,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PRO. Summit Global Investments purchased a new stake in PROS in the 1st quarter worth approximately $520,000. GAMMA Investing LLC lifted its stake in shares of PROS by 2,716.9% in the 1st quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker’s stock valued at $41,000 after purchasing an additional 2,092 shares during the period. PharVision Advisers LLC purchased a new stake in PROS during the fourth quarter worth $540,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in PROS by 14.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,987 shares of the software maker’s stock valued at $2,525,000 after buying an additional 14,216 shares during the period. Finally, State of Wyoming increased its holdings in PROS by 226.5% in the fourth quarter. State of Wyoming now owns 6,850 shares of the software maker’s stock valued at $150,000 after buying an additional 4,752 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PRO. KeyCorp lowered their target price on shares of PROS from $31.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus lowered their price target on PROS from $30.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Wall Street Zen cut PROS from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 7th. Northland Securities set a $38.00 target price on PROS in a research note on Wednesday, May 28th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 price target on shares of PROS in a research note on Thursday, June 12th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

PROS Price Performance

Shares of PROS stock opened at $14.33 on Friday. The stock has a market capitalization of $685.74 million, a P/E ratio of -51.18 and a beta of 1.03. The business has a 50 day simple moving average of $17.23 and a two-hundred day simple moving average of $20.80. PROS Holdings, Inc. has a 12 month low of $13.96 and a 12 month high of $29.84.

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 firm had revenue of $86.32 million for the quarter, compared to analysts’ expectations of $85.69 million. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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.

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.