PROS Holdings, Inc. (NYSE:PRO) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its holdings in shares of PROS Holdings, Inc. (NYSE:PRO) by 1,874.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,508 shares of the software maker’s stock after acquiring an additional 66,937 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in PROS were worth $2,735,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. State of Wyoming boosted its position in shares of PROS by 13.8% during the 2nd quarter. State of Wyoming now owns 2,445 shares of the software maker’s stock worth $75,000 after acquiring an additional 297 shares in the last quarter. Quarry LP boosted its position in shares of PROS by 36.1% in the 1st quarter. Quarry LP now owns 1,512 shares of the software maker’s stock valued at $41,000 after purchasing an additional 401 shares during the period. Alliancebernstein L.P. boosted its position in shares of PROS by 0.8% in the 2nd quarter. Alliancebernstein L.P. now owns 51,057 shares of the software maker’s stock valued at $1,573,000 after purchasing an additional 403 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of PROS by 12.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,693 shares of the software maker’s stock valued at $114,000 after purchasing an additional 404 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of PROS by 1.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,124 shares of the software maker’s stock valued at $610,000 after purchasing an additional 408 shares during the period. 94.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. KeyCorp raised PROS from a “sector weight” rating to an “overweight” rating and set a $43.00 target price for the company in a research report on Friday, January 12th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of PROS in a research report on Monday, March 4th.

Insider Buying and Selling at PROS

In other PROS news, CFO Stefan B. Schulz sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.92, for a total transaction of $215,520.00. Following the completion of the sale, the chief financial officer now directly owns 260,223 shares of the company’s stock, valued at approximately $9,347,210.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is owned by company insiders.

PROS Stock Down 0.6 %

PRO opened at $33.28 on Friday. The business has a 50 day moving average price of $35.60 and a two-hundred day moving average price of $35.75. The company has a market cap of $1.56 billion, a PE ratio of -27.28 and a beta of 1.19. PROS Holdings, Inc. has a 52 week low of $24.61 and a 52 week high of $40.99.

PROS (NYSE:PRO) last posted its quarterly earnings data on Thursday, February 8th. The software maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.04). The business had revenue of $77.48 million during the quarter, compared to analysts’ expectations of $76.70 million. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.20) earnings per share. As a group, sell-side analysts expect that PROS Holdings, Inc. will post -0.54 EPS for the current fiscal 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.