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

SG Capital Management LLC purchased a new stake in PROS Holdings, Inc. (NYSE:PRO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 97,621 shares of the software maker’s stock, valued at approximately $2,144,000. SG Capital Management LLC owned 0.21% of PROS at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PROS in the 4th quarter valued at about $30,000. Ancora Advisors LLC purchased a new stake in shares of PROS during the 4th quarter valued at $33,000. Quadrant Capital Group LLC increased its stake in PROS by 153.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker’s stock valued at $34,000 after acquiring an additional 926 shares during the last quarter. Comerica Bank lifted its stake in PROS by 264.5% during the fourth quarter. Comerica Bank now owns 1,571 shares of the software maker’s stock worth $34,000 after purchasing an additional 1,140 shares during the last quarter. Finally, Quarry LP increased its position in shares of PROS by 587.6% during the 4th quarter. Quarry LP now owns 5,803 shares of the software maker’s stock valued at $127,000 after purchasing an additional 4,959 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

PROS Stock Down 0.9%

Shares of PRO opened at $18.64 on Friday. The company has a market capitalization of $891.96 million, a P/E ratio of -42.36 and a beta of 1.06. The firm has a 50 day moving average of $18.06 and a 200 day moving average of $21.66. PROS Holdings, Inc. has a twelve month low of $14.81 and a twelve month high of $32.87.

PROS (NYSE:PRO) last announced its quarterly earnings results on Thursday, May 1st. The software maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $86.32 million for the quarter, compared to analysts’ expectations of $85.69 million. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 EPS. On average, sell-side analysts expect that PROS Holdings, Inc. will post -0.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PRO shares. Robert W. Baird decreased their price target on shares of PROS from $30.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. KeyCorp reduced their price target on PROS from $31.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. StockNews.com lowered shares of PROS from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 7th. Stifel Nicolaus dropped their target price on shares of PROS from $30.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Finally, Oppenheimer cut PROS from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.13.

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.