AQR Capital Management LLC Sells 12,191 Shares of PROS Holdings, Inc. (NYSE:PRO)

AQR Capital Management LLC lowered its position in PROS Holdings, Inc. (NYSE:PRO) by 49.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,693 shares of the software maker’s stock after selling 12,191 shares during the quarter. AQR Capital Management LLC’s holdings in PROS were worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of PROS by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock valued at $178,367,000 after purchasing an additional 144,729 shares in the last quarter. RGM Capital LLC grew its stake in shares of PROS by 5.9% during the second quarter. RGM Capital LLC now owns 2,978,677 shares of the software maker’s stock valued at $85,339,000 after buying an additional 166,301 shares during the last quarter. Fred Alger Management LLC increased its holdings in shares of PROS by 14.7% in the second quarter. Fred Alger Management LLC now owns 2,919,116 shares of the software maker’s stock worth $83,633,000 after buying an additional 373,982 shares during the period. William Blair Investment Management LLC lifted its stake in shares of PROS by 7.9% in the 2nd quarter. William Blair Investment Management LLC now owns 745,004 shares of the software maker’s stock valued at $21,344,000 after acquiring an additional 54,607 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in PROS by 21.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 474,397 shares of the software maker’s stock valued at $17,226,000 after acquiring an additional 84,591 shares during the period. 94.27% of the stock is owned by hedge funds and other institutional investors.

PROS Price Performance

Shares of PRO opened at $18.68 on Wednesday. The company has a 50-day simple moving average of $18.60 and a two-hundred day simple moving average of $25.76. The firm has a market capitalization of $877.80 million, a PE ratio of -17.79 and a beta of 1.21. PROS Holdings, Inc. has a one year low of $16.64 and a one year high of $40.99.

PROS (NYSE:PRO) last released its 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 during the quarter, compared to analysts’ expectations of $81.38 million. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.24) EPS. Analysts expect that PROS Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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