Stephens Investment Management Group LLC Reduces Stake in PROS Holdings, Inc.

Stephens Investment Management Group LLC has reduced its holdings in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 6.9% for the third quarter, as reported in its recent filing with the Securities and Exchange Commission. Following the sale of 87,456 shares, the fund now owns 1,183,150 shares of the software company's stock, which equates to approximately 2.51% of PROS, valued at around $21,912,000.

Additionally, various other institutional investors have also adjusted their investments in PROS. US Bancorp DE significantly increased its stake by 136.9% in the third quarter, owning a total of 16,659 shares valued at $309,000 after purchasing another 9,627 shares. Assenagon Asset Management S.A. saw an increase in its holdings by 218.6%, acquiring 418,023 shares worth $7,742,000 due to an additional purchase of 286,825 shares during this period. Hennion & Walsh Asset Management Inc. raised its position by 27.4%, taking ownership of 11,141 shares valued at $206,000 after acquiring an extra 2,393 shares. Likewise, Kopion Asset Management LLC boosted its stake by 60.0%, now holding 461,695 shares worth $8,551,000 due to an additional purchase of 173,168 shares. Creative Planning entered the fray with a newly acquired position in PROS, valued at roughly $249,000. Presently, institutional investors hold about 94.27% of the stock.

PROS Stock Performance

On Friday, shares of NYSE:PRO opened at $20.97. The company has a market capitalization of $992.09 million, a PE ratio of -33.82, and a beta of 1.21. Its 50-day moving average price stands at $18.60, while the 200-day moving average price is $24.34. The stock's twelve-month high and low are $40.99 and $16.64, respectively.

PROS Holdings, Inc. reported its quarterly earnings data on October 29th, showing earnings of $0.14 per share, surpassing the analyst consensus estimate of $0.09 by $0.05. The company's revenue for the quarter was $82.70 million, slightly above the expected $82.32 million. Revenue saw an increase of 7.1% compared to the same quarter last year. A year prior, the company reported an earnings loss of $0.17 per share. Analysts project a loss of -0.43 earnings per share for the current fiscal year.

Recent Analyst Ratings

Equities analysts have recently provided updates regarding PROS stock. Needham & Company LLC reduced its price target from $40.00 to $30.00 while maintaining a “buy” rating. KeyCorp lowered its price target from $36.00 to $28.00 and kept an “overweight” rating on the stock. Bank of America also decreased its price target from $43.00 to $39.00 and set a “buy” rating. Oppenheimer adjusted their target price downward from $31.00 to $27.00, retaining an “outperform” rating. More recently, StockNews.com downgraded PROS from a “buy” rating to a “hold” rating. Currently, one analyst has given a hold rating to PROS, while eight analysts have issued buy ratings. According to MarketBeat data, the average rating on the stock is “Moderate Buy” with a consensus price target of $31.63.

About PROS Holdings, Inc.

PROS Holdings, Inc. specializes in providing software solutions aimed at enhancing the sales and shopping processes in the digital economy, operating in various regions including Europe, Asia Pacific, the Middle East, and Africa. The company’s offerings include PROS Smart Configure Price Quote, which boosts sales productivity and accelerates deal velocity by automating common tasks, and PROS Smart Price Optimization and Management, designed to help businesses optimize and harmonize pricing strategies.

Stephens, Investment, PROS