RGM Capital LLC Purchases 50,000 Shares of PROS Holdings, Inc. (NYSE:PRO)

RGM Capital LLC boosted its holdings in PROS Holdings, Inc. (NYSE:PRO) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,028,677 shares of the software maker’s stock after acquiring an additional 50,000 shares during the quarter. PROS accounts for approximately 2.4% of RGM Capital LLC’s holdings, making the stock its 18th largest position. RGM Capital LLC owned approximately 6.40% of PROS worth $56,091,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PRO. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PROS during the second quarter valued at approximately $29,000. Quarry LP purchased a new stake in PROS during the 2nd quarter valued at $38,000. Intech Investment Management LLC purchased a new position in shares of PROS in the 3rd quarter worth $204,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of PROS by 27.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock worth $206,000 after buying 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 $210,000. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Robert W. Baird dropped their target price on PROS from $35.00 to $28.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. KeyCorp cut their target price on shares of PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. StockNews.com raised shares of PROS from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Wednesday, October 30th. Finally, Bank of America reduced their price objective on PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $31.63.

PROS Trading Up 0.5 %

PROS stock traded up $0.11 during mid-day trading on Wednesday, hitting $23.11. The stock had a trading volume of 5,778 shares, compared to its average volume of 468,585. The firm’s 50 day moving average is $20.00 and its 200 day moving average is $23.04. PROS Holdings, Inc. has a one year low of $16.64 and a one year high of $40.99.

PROS (NYSE:PRO) last issued its earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $82.70 million for the quarter, compared to the consensus estimate of $82.32 million. During the same period last year, the business posted ($0.17) EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, sell-side analysts anticipate that PROS Holdings, Inc. will post -0.29 earnings per share for the current fiscal year.

About PROS

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.