Truist Financial Corp Purchases Shares of 12,756 PROS Holdings, Inc. (NYSE:PRO)

Truist Financial Corp purchased a new stake in PROS Holdings, Inc. (NYSE:PRO) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,756 shares of the software maker’s stock, valued at approximately $365,000.

A number of other hedge funds have also recently bought and sold shares of PRO. Fred Alger Management LLC boosted its stake in shares of PROS by 14.7% during the 2nd quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker’s stock worth $83,633,000 after acquiring an additional 373,982 shares during the period. RGM Capital LLC increased its holdings in shares of PROS by 5.9% during the 2nd quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker’s stock worth $85,339,000 after acquiring an additional 166,301 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of PROS by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock worth $178,367,000 after acquiring an additional 144,729 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of PROS during the 2nd quarter worth approximately $2,472,000. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of PROS by 21.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 474,397 shares of the software maker’s stock worth $17,226,000 after acquiring an additional 84,591 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PRO shares. Bank of America decreased their target price on PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. StockNews.com raised PROS from a “hold” rating to a “buy” rating in a report on Wednesday. Stifel Nicolaus decreased their target price on PROS from $40.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Craig Hallum reduced their price target on PROS from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Wednesday, July 31st. Finally, KeyCorp reduced their price target on PROS from $43.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, PROS has a consensus rating of “Moderate Buy” and an average target price of $34.86.

PROS Price Performance

PRO opened at $19.53 on Friday. The business has a fifty day simple moving average of $18.57 and a 200 day simple moving average of $25.67. The company has a market capitalization of $917.99 million, a PE ratio of -18.60 and a beta of 1.21. PROS Holdings, Inc. has a 1 year low of $16.64 and a 1 year high of $40.99.

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