Quantbot Technologies LP raised its holdings in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 1,347.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,700 shares of the software maker's stock after acquiring an additional 62,093 shares during the quarter. Quantbot Technologies LP owned approximately 0.14% of PROS worth $1,235,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in PROS during the second quarter worth about $29,000. Quarry LP acquired a new stake in shares of PROS in the 2nd quarter valued at approximately $38,000. Intech Investment Management LLC acquired a new stake in shares of PROS in the 3rd quarter valued at approximately $204,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of PROS by 27.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker's stock valued at $206,000 after buying an additional 2,393 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in PROS during the second quarter worth $210,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE PRO opened at $23.17 on Friday. The stock's fifty day moving average price is $20.38 and its two-hundred day moving average price is $22.94. PROS Holdings, Inc. has a one year low of $16.64 and a one year high of $40.99.
PROS (NYSE:PRO - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $82.70 million during the quarter, compared to analyst estimates of $82.32 million. During the same quarter last year, the company posted ($0.17) earnings per share. The company's revenue was up 7.1% on a year-over-year basis. Equities research analysts expect that PROS Holdings, Inc. will post -0.29 EPS for the current year.
PRO has been the subject of a number of analyst reports. Bank of America decreased their price objective on shares of PROS from $43.00 to $39.00 and set a "buy" rating for the company in a research report on Tuesday, August 27th. KeyCorp lowered their price target on PROS from $36.00 to $28.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. Northland Securities reaffirmed an "outperform" rating and issued a $38.00 price objective (down from $40.00) on shares of PROS in a research report on Wednesday, October 30th. Oppenheimer decreased their target price on PROS from $31.00 to $27.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Finally, Robert W. Baird cut their price target on PROS from $35.00 to $28.00 and set an "outperform" rating for the company in a report on Wednesday, October 30th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $31.63.
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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.
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