Y Intercept Hong Kong Ltd Acquires Shares of 37,452 PROS Holdings, Inc. (NYSE:PRO)

Y Intercept Hong Kong Ltd bought a new position in shares of PROS Holdings, Inc. (NYSE:PRO) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 37,452 shares of the software maker’s stock, valued at approximately $694,000. Y Intercept Hong Kong Ltd owned about 0.08% of PROS as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new position in PROS during the 2nd quarter valued at about $210,000. Assenagon Asset Management S.A. grew its position in shares of PROS by 9.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 131,198 shares of the software maker’s stock worth $3,759,000 after buying an additional 11,594 shares during the period. Raymond James & Associates raised its stake in shares of PROS by 14.8% during the second quarter. Raymond James & Associates now owns 138,159 shares of the software maker’s stock worth $3,958,000 after buying an additional 17,792 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in PROS in the second quarter valued at approximately $251,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in PROS by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,088 shares of the software maker’s stock valued at $289,000 after acquiring an additional 916 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Wednesday, October 30th. Needham & Company LLC dropped their price objective on PROS from $40.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. KeyCorp reduced their target price on PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Northland Securities reaffirmed an “outperform” rating and issued a $38.00 price target (down from $40.00) on shares of PROS in a research note on Wednesday, October 30th. Finally, Bank of America reduced their price objective on shares of PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $31.88.

PROS Price Performance

NYSE:PRO opened at $23.48 on Friday. The business’s 50-day simple moving average is $21.54 and its 200-day simple moving average is $22.45. PROS Holdings, Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $40.99. The stock has a market capitalization of $1.11 billion, a PE ratio of -37.87 and a beta of 1.21.

PROS (NYSE:PRO) last announced its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $82.70 million during the quarter, compared to the consensus estimate of $82.32 million. During the same period in the previous year, the firm posted ($0.17) EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, research analysts expect that PROS Holdings, Inc. will post -0.29 earnings per share for the current year.

PROS 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.