SG Capital Management LLC Invests $2.14 Million in PROS Holdings, Inc. (NYSE:PRO)

SG Capital Management LLC bought a new stake in shares of PROS Holdings, Inc. (NYSE:PRO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 97,621 shares of the software maker’s stock, valued at approximately $2,144,000.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC raised its holdings in PROS by 345.4% during the third quarter. Barclays PLC now owns 238,382 shares of the software maker’s stock valued at $4,415,000 after acquiring an additional 184,856 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of PROS by 28.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 14,289 shares of the software maker’s stock worth $314,000 after buying an additional 3,148 shares in the last quarter. Stephens Inc. AR grew its stake in PROS by 14.1% during the fourth quarter. Stephens Inc. AR now owns 12,616 shares of the software maker’s stock valued at $277,000 after acquiring an additional 1,556 shares in the last quarter. Rice Hall James & Associates LLC grew its stake in PROS by 18.5% during the fourth quarter. Rice Hall James & Associates LLC now owns 263,193 shares of the software maker’s stock valued at $5,780,000 after acquiring an additional 41,111 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its holdings in PROS by 6.0% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 39,706 shares of the software maker’s stock valued at $872,000 after acquiring an additional 2,254 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Needham & Company LLC cut their price target on PROS from $30.00 to $25.00 and set a “buy” rating for the company in a report on Friday, May 2nd. KeyCorp lowered their price objective on shares of PROS from $31.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Oppenheimer lowered PROS from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 16th. Robert W. Baird decreased their price objective on PROS from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Finally, StockNews.com lowered PROS from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $29.13.

PROS Stock Performance

PRO opened at $18.64 on Friday. The stock’s 50 day moving average price is $18.06 and its 200-day moving average price is $21.66. PROS Holdings, Inc. has a one year low of $14.81 and a one year high of $32.87. The stock has a market cap of $891.96 million, a price-to-earnings ratio of -42.36 and a beta of 1.06.

PROS (NYSE:PRO) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The business had revenue of $86.32 million during the quarter, compared to the consensus estimate of $85.69 million. During the same period last year, the company earned $0.04 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. As a group, analysts predict that PROS Holdings, Inc. will post -0.2 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.