Oppenheimer Asset Management Inc. Invests $264,000 in PROS Holdings, Inc. (NYSE:PRO)

Oppenheimer Asset Management Inc. bought a new position in shares of PROS Holdings, Inc. (NYSE:PRO) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,217 shares of the software maker’s stock, valued at approximately $264,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC raised its position in shares of PROS by 137.6% during the fourth quarter. Parallel Advisors LLC now owns 701 shares of the software maker’s stock worth $27,000 after acquiring an additional 406 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of PROS during the fourth quarter worth $218,000. Principal Financial Group Inc. raised its position in shares of PROS by 9.1% during the first quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker’s stock worth $210,000 after acquiring an additional 484 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of PROS during the second quarter worth $210,000. Finally, ProShare Advisors LLC raised its position in shares of PROS by 8.5% during the first quarter. ProShare Advisors LLC now owns 8,035 shares of the software maker’s stock worth $292,000 after acquiring an additional 632 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

PROS Price Performance

Shares of PROS stock opened at $18.61 on Friday. PROS Holdings, Inc. has a 1 year low of $16.64 and a 1 year high of $40.99. The business has a 50-day moving average of $20.55 and a two-hundred day moving average of $27.86. The company has a market capitalization of $874.74 million, a P/E ratio of -17.72 and a beta of 1.20.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on PRO shares. Craig Hallum dropped their price objective on PROS from $32.00 to $31.00 and set a “hold” rating for the company in a report on Wednesday, July 31st. Bank of America dropped their price objective on PROS from $43.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Stifel Nicolaus dropped their price objective on PROS from $40.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of PROS in a report on Monday, September 9th. Finally, Oppenheimer dropped their price objective on PROS from $42.00 to $31.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.86.

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.