Connor Clark & Lunn Investment Management Ltd. Acquires 103,596 Shares of PROS Holdings, Inc. $PRO

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of PROS Holdings, Inc. (NYSE:PRO) by 27.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 486,120 shares of the software maker’s stock after purchasing an additional 103,596 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in PROS were worth $7,613,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Nuveen LLC purchased a new stake in PROS during the first quarter worth about $23,893,000. EVR Research LP grew its position in shares of PROS by 939.7% during the 1st quarter. EVR Research LP now owns 727,822 shares of the software maker’s stock valued at $13,850,000 after acquiring an additional 657,822 shares during the period. Kopion Asset Management LLC grew its position in shares of PROS by 62.3% during the 2nd quarter. Kopion Asset Management LLC now owns 644,440 shares of the software maker’s stock valued at $10,092,000 after acquiring an additional 247,381 shares during the period. Vanguard Group Inc. increased its stake in shares of PROS by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 5,847,056 shares of the software maker’s stock worth $111,269,000 after purchasing an additional 176,926 shares during the last quarter. Finally, Trexquant Investment LP raised its holdings in shares of PROS by 224.9% in the 1st quarter. Trexquant Investment LP now owns 251,910 shares of the software maker’s stock worth $4,794,000 after purchasing an additional 174,369 shares during the period. Institutional investors own 94.27% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Northland Capmk downgraded shares of PROS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. Northland Securities set a $23.25 price objective on PROS in a research note on Tuesday, September 30th. KeyCorp downgraded shares of PROS from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, September 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of PROS in a report on Wednesday, October 8th. Finally, Needham & Company LLC lowered shares of PROS from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a report on Tuesday, September 23rd. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $21.65.

PROS Trading Up 0.0%

PROS stock opened at $23.14 on Thursday. PROS Holdings, Inc. has a 12 month low of $13.61 and a 12 month high of $29.84. The stock has a fifty day simple moving average of $21.19 and a two-hundred day simple moving average of $17.98. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -74.63 and a beta of 1.02.

PROS (NYSE:PRO) last issued its quarterly earnings data on Monday, October 27th. The software maker reported $0.22 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.27. The firm had revenue of $91.68 million during the quarter, compared to the consensus estimate of $94.71 million. During the same period in the previous year, the firm earned $0.14 EPS. The business’s revenue was up 10.9% on a year-over-year basis. On average, equities research analysts forecast that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

PROS 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.