Quantbot Technologies LP Acquires 62,093 Shares of PROS Holdings, Inc. (NYSE:PRO)

Quantbot Technologies LP lifted its holdings in shares of PROS Holdings, Inc. (NYSE:PRO) by 1,347.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,700 shares of the software maker’s stock after purchasing an additional 62,093 shares during the quarter. Quantbot Technologies LP owned 0.14% of PROS worth $1,235,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PRO. Point72 Asia Singapore Pte. Ltd. purchased a new position in PROS in the 2nd quarter worth approximately $29,000. Quarry LP bought a new stake in shares of PROS during the 2nd quarter worth $38,000. Intech Investment Management LLC purchased a new position in PROS in the third quarter worth $204,000. Hennion & Walsh Asset Management Inc. increased its stake in PROS by 27.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock valued at $206,000 after acquiring an additional 2,393 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in PROS during the second quarter valued at about $210,000. 94.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PRO. Needham & Company LLC cut their price objective on PROS from $40.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Bank of America cut their target price on PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. StockNews.com raised shares of PROS from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Robert W. Baird cut their price objective on shares of PROS from $35.00 to $28.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Finally, Northland Securities reaffirmed an “outperform” rating and set a $38.00 target price (down previously from $40.00) on shares of PROS in a report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $31.63.

PROS Stock Down 0.4 %

Shares of PRO opened at $23.17 on Friday. The stock has a market capitalization of $1.10 billion, a P/E ratio of -37.37 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. The firm has a fifty day simple moving average of $20.38 and a two-hundred day simple moving average of $22.94.

PROS (NYSE:PRO) last posted its earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share (EPS) 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 firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.17) earnings per share. Sell-side analysts expect that PROS Holdings, Inc. will post -0.29 EPS 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.