Kopion Asset Management LLC Lowers Stock Holdings in PROS Holdings, Inc. (NYSE:PRO)

Kopion Asset Management LLC reduced its holdings in shares of PROS Holdings, Inc. (NYSE:PRO) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 452,617 shares of the software maker’s stock after selling 9,078 shares during the quarter. PROS comprises 7.0% of Kopion Asset Management LLC’s investment portfolio, making the stock its 5th biggest position. Kopion Asset Management LLC owned about 0.96% of PROS worth $9,939,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PROS in the second quarter valued at $29,000. Quarry LP purchased a new stake in shares of PROS in the second quarter worth about $38,000. Oppenheimer Asset Management Inc. purchased a new position in PROS during the second quarter valued at approximately $264,000. MQS Management LLC purchased a new position in shares of PROS during the 2nd quarter valued at $304,000. Finally, Intech Investment Management LLC bought a new stake in PROS during the third quarter valued at $204,000. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

PROS Trading Up 1.7 %

PROS stock traded up $0.38 during trading hours on Wednesday, hitting $22.33. 4,977 shares of the stock traded hands, compared to its average volume of 399,149. PROS Holdings, Inc. has a one year low of $16.64 and a one year high of $38.71. The company has a market cap of $1.06 billion, a PE ratio of -36.02 and a beta of 1.21. The firm’s 50-day moving average price is $22.96 and its two-hundred day moving average price is $21.45.

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

Wall Street Analyst Weigh In

PRO has been the topic of several research analyst reports. Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Wednesday, October 30th. Robert W. Baird increased their price target on shares of PROS from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. StockNews.com upgraded shares of PROS from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Northland Securities reaffirmed an “outperform” rating and issued a $38.00 price objective (down previously from $40.00) on shares of PROS in a research note on Wednesday, October 30th. Finally, KeyCorp reduced their price target on PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $31.88.

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.