Connor Clark & Lunn Investment Management Ltd. Buys 122,090 Shares of PROS Holdings, Inc. (NYSE:PRO)

Connor Clark & Lunn Investment Management Ltd. raised its position in shares of PROS Holdings, Inc. (NYSE:PRO) by 45.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 390,452 shares of the software maker’s stock after purchasing an additional 122,090 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.83% of PROS worth $8,574,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PRO. Oppenheimer Asset Management Inc. increased its position in shares of PROS by 29.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 11,917 shares of the software maker’s stock worth $221,000 after buying an additional 2,700 shares during the period. Intech Investment Management LLC acquired a new stake in PROS during the 3rd quarter worth about $204,000. Charles Schwab Investment Management Inc. raised its position in shares of PROS by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 359,543 shares of the software maker’s stock worth $6,659,000 after acquiring an additional 4,832 shares in the last quarter. Algert Global LLC acquired a new position in shares of PROS in the 3rd quarter valued at about $6,713,000. Finally, Dynamic Technology Lab Private Ltd boosted its position in shares of PROS by 19.8% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 22,544 shares of the software maker’s stock valued at $418,000 after purchasing an additional 3,723 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PRO shares. Needham & Company LLC reissued a “buy” rating and issued a $30.00 price target on shares of PROS in a research note on Friday, February 7th. Oppenheimer lowered shares of PROS from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. Stifel Nicolaus lifted their price target on shares of PROS from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, February 7th. StockNews.com raised shares of PROS from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Finally, Robert W. Baird boosted their target price on PROS from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, PROS presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Insiders Place Their Bets

In other PROS news, CAO Scott William Cook sold 5,000 shares of PROS stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $29.84, for a total transaction of $149,200.00. Following the transaction, the chief accounting officer now owns 59,159 shares of the company’s stock, valued at $1,765,304.56. This trade represents a 7.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.70% of the company’s stock.

PROS Stock Performance

Shares of NYSE PRO opened at $20.60 on Friday. The firm’s 50-day simple moving average is $24.03 and its 200 day simple moving average is $21.89. The stock has a market cap of $979.90 million, a price-to-earnings ratio of -46.82 and a beta of 1.14. PROS Holdings, Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $38.71.

PROS (NYSE:PRO) last announced its earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.15). On average, sell-side analysts predict that PROS Holdings, Inc. will post -0.2 EPS for the current 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.