PROS Holdings, Inc. (NYSE:PRO) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its position in PROS Holdings, Inc. (NYSE:PRO) by 29.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 11,917 shares of the software maker’s stock after acquiring an additional 2,700 shares during the period. Oppenheimer Asset Management Inc.’s holdings in PROS were worth $221,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position 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 purchasing an additional 144,729 shares during the last quarter. RGM Capital LLC grew its stake in shares of PROS by 5.9% in the second quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker’s stock valued at $85,339,000 after buying an additional 166,301 shares in the last quarter. Fred Alger Management LLC boosted its position in PROS by 14.7% in the 2nd quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker’s stock valued at $83,633,000 after buying an additional 373,982 shares during the last quarter. William Blair Investment Management LLC increased its stake 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 worth $21,344,000 after buying an additional 54,607 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in 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 buying an additional 84,591 shares during the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on PRO shares. Robert W. Baird cut their price objective on shares of PROS from $35.00 to $28.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Bank of America lowered their price objective on shares of PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. KeyCorp cut 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. Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus dropped their price target on shares of PROS from $40.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $31.63.

PROS Stock Up 1.7 %

PRO stock opened at $22.52 on Thursday. The business’s fifty day moving average is $19.62 and its 200-day moving average is $23.27. The company has a market cap of $1.07 billion, a P/E ratio of -36.32 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 posted its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm had revenue of $82.70 million for the quarter, compared to analyst estimates of $82.32 million. During the same period in the prior year, the company earned ($0.17) earnings per share. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Research analysts anticipate that PROS Holdings, Inc. will post -0.29 earnings per share for the current fiscal 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.