PROS Holdings, Inc. (NYSE:PRO) Stock Position Lessened by Rhumbline Advisers

Rhumbline Advisers decreased its position in PROS Holdings, Inc. (NYSE:PRO) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,998 shares of the software maker’s stock after selling 723 shares during the quarter. Rhumbline Advisers owned about 0.14% of PROS worth $1,919,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PRO. Parallel Advisors LLC increased its stake in shares of PROS by 137.6% in the fourth quarter. Parallel Advisors LLC now owns 701 shares of the software maker’s stock worth $27,000 after purchasing an additional 406 shares during the period. Principal Financial Group Inc. boosted its position in shares of PROS by 9.1% in the 1st quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker’s stock worth $210,000 after purchasing an additional 484 shares during the last quarter. ProShare Advisors LLC increased its position in shares of PROS by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 8,035 shares of the software maker’s stock valued at $292,000 after buying an additional 632 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of PROS by 10.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,088 shares of the software maker’s stock valued at $289,000 after purchasing an additional 916 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in PROS by 5.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 30,167 shares of the software maker’s stock valued at $1,096,000 after buying an additional 1,632 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on PRO. 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 report on Wednesday, July 31st. KeyCorp reduced their price objective on PROS from $43.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Oppenheimer lowered their target price on shares of PROS from $42.00 to $31.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Stifel Nicolaus cut their target price on PROS from $40.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, StockNews.com cut shares of PROS from a “buy” rating to a “hold” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.86.

PROS Stock Performance

Shares of PROS stock opened at $18.61 on Friday. The stock has a market capitalization of $878.58 million, a price-to-earnings ratio of -17.76 and a beta of 1.20. The company has a fifty day moving average of $20.68 and a 200-day moving average of $28.04. PROS Holdings, Inc. has a 52-week low of $16.64 and a 52-week high of $40.99.

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