State Street Corp Acquires 33,176 Shares of PROS Holdings, Inc. (NYSE:PRO)

State Street Corp lifted its holdings in shares of PROS Holdings, Inc. (NYSE:PRO) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,167,706 shares of the software maker’s stock after purchasing an additional 33,176 shares during the quarter. State Street Corp owned 2.47% of PROS worth $21,626,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Raymond James & Associates increased its position in shares of PROS by 14.8% in the second quarter. Raymond James & Associates now owns 138,159 shares of the software maker’s stock worth $3,958,000 after purchasing an additional 17,792 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of PROS by 10.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,088 shares of the software maker’s stock valued at $289,000 after buying an additional 916 shares in the last quarter. Kings Path Partners LLC bought a new stake in shares of PROS during the 2nd quarter worth approximately $392,000. Quest Partners LLC boosted its position in shares of PROS by 183,446.2% during the 2nd 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 in the last quarter. Finally, William Blair Investment Management LLC increased its stake in 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 during the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on PRO. Northland Securities restated an “outperform” rating and set a $38.00 target price (down from $40.00) on shares of PROS in a research note on Wednesday, October 30th. Oppenheimer reduced their price objective on PROS from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Craig Hallum upgraded PROS from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Wednesday, October 30th. StockNews.com raised shares of PROS from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Finally, Bank of America decreased their price target on shares of PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $31.88.

PROS Price Performance

NYSE:PRO opened at $22.51 on Tuesday. PROS Holdings, Inc. has a one year low of $16.64 and a one year high of $40.10. The company has a market cap of $1.06 billion, a PE ratio of -36.31 and a beta of 1.20. The firm’s 50 day simple moving average is $22.05 and its 200 day simple moving average is $22.12.

PROS (NYSE:PRO) last issued 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 business had revenue of $82.70 million during the quarter, compared to the consensus estimate of $82.32 million. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.17) EPS. Equities research analysts expect that PROS Holdings, Inc. will post -0.29 EPS for the current 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.