MQS Management LLC Purchases New Shares in PROS Holdings, Inc. (NYSE:PRO)

MQS Management LLC acquired a new stake in shares of PROS Holdings, Inc. (NYSE:PRO) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,606 shares of the software maker’s stock, valued at approximately $304,000.

A number of other hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its position in shares of PROS by 17.3% during the second quarter. Renaissance Technologies LLC now owns 102,400 shares of the software maker’s stock valued at $2,934,000 after purchasing an additional 15,100 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of PROS by 18.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 375,076 shares of the software maker’s stock worth $10,746,000 after buying an additional 57,511 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of PROS in the 2nd quarter worth approximately $264,000. William Blair Investment Management LLC grew its holdings in shares of PROS by 7.9% in the second quarter. William Blair Investment Management LLC now owns 745,004 shares of the software maker’s stock valued at $21,344,000 after acquiring an additional 54,607 shares in the last quarter. Finally, Quest Partners LLC lifted its holdings in PROS by 183,446.2% during the second quarter. Quest Partners LLC now owns 23,861 shares of the software maker’s stock worth $684,000 after acquiring an additional 23,848 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PRO has been the subject of a number of recent analyst reports. Oppenheimer reduced their price objective on PROS from $42.00 to $31.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Robert W. Baird decreased their price objective on shares of PROS from $45.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. KeyCorp lowered their price objective on shares of PROS from $43.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Craig Hallum reduced their target price on shares of PROS from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of PROS in a report on Monday, September 9th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.86.

PROS Stock Down 3.1 %

NYSE PRO opened at $18.61 on Friday. The company’s 50 day moving average is $20.55 and its 200-day moving average is $27.91. The firm has a market cap of $878.58 million, a P/E ratio of -17.72 and a beta of 1.20. PROS Holdings, Inc. has a 12-month low of $16.64 and a 12-month high of $40.99.

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

PROS Company 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.