MQS Management LLC Purchases Shares of 10,606 PROS Holdings, Inc. (NYSE:PRO)

MQS Management LLC purchased a new stake in shares of PROS Holdings, Inc. (NYSE:PRO) in the second quarter, Holdings Channel.com reports. The firm purchased 10,606 shares of the software maker’s stock, valued at approximately $304,000.

Several other institutional investors have also recently made changes to their positions in PRO. Renaissance Technologies LLC boosted its stake in PROS by 17.3% during the second quarter. Renaissance Technologies LLC now owns 102,400 shares of the software maker’s stock valued at $2,934,000 after buying an additional 15,100 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of PROS by 18.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 375,076 shares of the software maker’s stock valued at $10,746,000 after acquiring an additional 57,511 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of PROS during the 2nd quarter valued at about $264,000. William Blair Investment Management LLC grew its holdings in shares of PROS by 7.9% during the second quarter. William Blair Investment Management LLC now owns 745,004 shares of the software maker’s stock worth $21,344,000 after purchasing an additional 54,607 shares in the last quarter. Finally, Quest Partners LLC increased its position in shares of PROS by 183,446.2% in the second quarter. Quest Partners LLC now owns 23,861 shares of the software maker’s stock worth $684,000 after purchasing an additional 23,848 shares during the last quarter. Institutional investors own 94.27% of the company’s stock.

PROS Price Performance

Shares of PRO stock opened at $18.61 on Friday. The stock has a market capitalization of $878.58 million, a PE ratio of -17.72 and a beta of 1.20. PROS Holdings, Inc. has a 1-year low of $16.64 and a 1-year high of $40.99. The business has a 50-day moving average of $20.55 and a 200 day moving average of $27.91.

PROS (NYSE:PRO) last posted its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $82.01 million for the quarter, compared to the consensus estimate of $81.38 million. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.24) earnings per share. Analysts anticipate that PROS Holdings, Inc. will post -0.43 EPS for the current year.

Analyst Ratings Changes

PRO has been the subject of a number of research reports. Robert W. Baird cut their price target on shares of PROS from $45.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Oppenheimer dropped their price objective on shares of PROS from $42.00 to $31.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. KeyCorp reduced their target price on PROS from $43.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Bank of America dropped their price target on PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Finally, Stifel Nicolaus reduced their price objective on PROS from $40.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.86.

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.