Stephens Investment Management Group LLC Cuts Position in PROS Holdings, Inc. $PRO

Stephens Investment Management Group LLC reduced its stake in shares of PROS Holdings, Inc. (NYSE:PRO) by 10.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 991,627 shares of the software maker’s stock after selling 110,191 shares during the period. Stephens Investment Management Group LLC’s holdings in PROS were worth $15,529,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Acadian Asset Management LLC grew its stake in PROS by 36.3% during the 1st quarter. Acadian Asset Management LLC now owns 312,513 shares of the software maker’s stock valued at $5,937,000 after purchasing an additional 83,274 shares in the last quarter. Kopion Asset Management LLC boosted its position in PROS by 62.3% during the 2nd quarter. Kopion Asset Management LLC now owns 644,440 shares of the software maker’s stock valued at $10,092,000 after purchasing an additional 247,381 shares during the period. GAMMA Investing LLC boosted its position in PROS by 2,716.9% during the 1st quarter. GAMMA Investing LLC now owns 2,169 shares of the software maker’s stock valued at $41,000 after purchasing an additional 2,092 shares during the period. Mackenzie Financial Corp bought a new stake in PROS during the 1st quarter valued at $594,000. Finally, Diversified Trust Co bought a new stake in shares of PROS in the 2nd quarter worth $208,000. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

PROS Trading Down 0.0%

PRO stock opened at $23.03 on Thursday. PROS Holdings, Inc. has a 1-year low of $13.61 and a 1-year high of $29.84. The firm has a market cap of $1.11 billion, a P/E ratio of -104.66 and a beta of 1.05. The business’s 50 day moving average is $18.80 and its 200-day moving average is $17.25.

PROS (NYSE:PRO) last released its quarterly earnings data on Thursday, July 31st. The software maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.07. The company had revenue of $88.72 million during the quarter, compared to the consensus estimate of $87.70 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. PROS has set its FY 2025 guidance at EPS. Q3 2025 guidance at 0.150-0.17 EPS. Sell-side analysts forecast that PROS Holdings, Inc. will post -0.2 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on PRO. Stifel Nicolaus dropped their price objective on PROS from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, July 8th. Northland Securities set a $23.25 price target on PROS in a report on Tuesday, September 30th. Needham & Company LLC downgraded PROS from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a research note on Tuesday, September 23rd. KeyCorp downgraded PROS from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, September 23rd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PROS in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $23.75.

PROS 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.