Eagle Asset Management Inc. Has $4.84 Million Position in PROS Holdings, Inc. (NYSE:PRO)

Eagle Asset Management Inc. lessened its stake in shares of PROS Holdings, Inc. (NYSE:PRO) by 69.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 261,521 shares of the software maker’s stock after selling 603,397 shares during the period. Eagle Asset Management Inc. owned 0.55% of PROS worth $4,843,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in PROS during the second quarter worth $29,000. Quarry LP bought a new position in PROS during the second quarter worth about $38,000. Intech Investment Management LLC bought a new position in PROS during the third quarter worth about $204,000. Hennion & Walsh Asset Management Inc. boosted its position 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 acquiring an additional 2,393 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in shares of PROS in the second quarter valued at approximately $210,000. Institutional investors and hedge funds own 94.27% of the company’s stock.

PROS Stock Up 1.2 %

NYSE PRO opened at $23.92 on Monday. PROS Holdings, Inc. has a 52 week low of $16.64 and a 52 week high of $40.99. The firm has a market capitalization of $1.13 billion, a P/E ratio of -38.58 and a beta of 1.20. The company has a 50-day moving average price of $19.87 and a 200-day moving average price of $23.08.

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

Wall Street Analyst Weigh In

PRO has been the topic of a number of recent analyst reports. Robert W. Baird lowered their target price on shares of PROS from $35.00 to $28.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. StockNews.com upgraded shares of PROS from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Stifel Nicolaus cut their price target on shares of PROS from $40.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Northland Securities restated an “outperform” rating and set a $38.00 target price (down previously from $40.00) on shares of PROS in a report on Wednesday, October 30th. Finally, Oppenheimer lowered their price target on PROS from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $31.63.

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.