RGM Capital LLC Raises Stock Holdings in PROS Holdings, Inc. (NYSE:PRO)

RGM Capital LLC grew its stake in shares of PROS Holdings, Inc. (NYSE:PRO) by 5.9% during the second quarter, HoldingsChannel.com reports. The fund owned 2,978,677 shares of the software maker’s stock after buying an additional 166,301 shares during the quarter. PROS accounts for about 3.4% of RGM Capital LLC’s portfolio, making the stock its 16th biggest position. RGM Capital LLC owned 0.06% of PROS worth $85,339,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Parallel Advisors LLC increased its position in PROS by 137.6% during the fourth quarter. Parallel Advisors LLC now owns 701 shares of the software maker’s stock valued at $27,000 after acquiring an additional 406 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of PROS during the 4th quarter valued at about $218,000. Principal Financial Group Inc. increased its position in shares of PROS by 9.1% during the 1st quarter. Principal Financial Group Inc. now owns 5,779 shares of the software maker’s stock valued at $210,000 after purchasing an additional 484 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of PROS in the 2nd quarter worth approximately $210,000. Finally, ProShare Advisors LLC lifted its stake in shares of PROS by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 8,035 shares of the software maker’s stock worth $292,000 after purchasing an additional 632 shares during the period. 94.27% of the stock is currently owned by institutional investors.

PROS Stock Down 3.1 %

NYSE:PRO opened at $18.61 on Friday. The stock has a market cap of $874.74 million, a PE ratio of -17.72 and a beta of 1.20. The business’s 50-day simple moving average is $20.55 and its two-hundred day simple moving average is $27.86. PROS Holdings, Inc. has a 52 week low of $16.64 and a 52 week high of $40.99.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of PROS in a report on Monday, September 9th. Bank of America reduced their price objective on PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Oppenheimer lowered their target price on PROS from $42.00 to $31.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. KeyCorp reduced their price target on PROS from $43.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Finally, Craig Hallum lowered their price objective on PROS from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.86.

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.