Granite Investment Partners LLC Grows Holdings in PROS Holdings, Inc. (NYSE:PRO)

Granite Investment Partners LLC boosted its holdings in shares of PROS Holdings, Inc. (NYSE:PRO) by 31.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,461 shares of the software maker’s stock after acquiring an additional 25,671 shares during the period. Granite Investment Partners LLC owned 0.23% of PROS worth $3,079,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PRO. Victory Capital Management Inc. purchased a new position in shares of PROS during the fourth quarter valued at approximately $218,000. Charles Schwab Investment Management Inc. boosted its holdings in PROS by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 336,223 shares of the software maker’s stock worth $13,042,000 after acquiring an additional 4,057 shares in the last quarter. Norges Bank purchased a new stake in shares of PROS in the fourth quarter worth $12,436,000. Dynamic Technology Lab Private Ltd bought a new position in shares of PROS during the fourth quarter valued at $495,000. Finally, Trexquant Investment LP raised its position in shares of PROS by 73.8% in the 4th quarter. Trexquant Investment LP now owns 57,670 shares of the software maker’s stock worth $2,237,000 after purchasing an additional 24,489 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PRO shares. Bank of America decreased their target price on shares of PROS from $43.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Robert W. Baird cut their target price on PROS from $45.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. StockNews.com cut PROS from a “buy” rating to a “hold” rating in a research note on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of PROS in a research report on Monday, September 9th. Finally, Craig Hallum decreased their target price on PROS from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.86.

PROS Stock Down 3.1 %

Shares of NYSE:PRO opened at $18.61 on Friday. The firm’s 50 day moving average price is $20.55 and its 200-day moving average price is $27.91. The stock has a market capitalization of $878.58 million, a PE ratio of -17.72 and a beta of 1.20. PROS Holdings, Inc. has a twelve month low of $16.64 and a twelve month high of $40.99.

PROS (NYSE:PRO) last issued its quarterly earnings data on Tuesday, July 30th. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The business had revenue of $82.01 million for the quarter, compared to the consensus estimate of $81.38 million. During the same period in the previous year, the firm earned ($0.24) EPS. The company’s revenue was up 8.2% on a year-over-year basis. Analysts expect that PROS Holdings, Inc. will post -0.43 earnings per share 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.