Y Intercept Hong Kong Ltd Buys New Position in PROS Holdings, Inc. (NYSE:PRO)

Y Intercept Hong Kong Ltd purchased a new position in shares of PROS Holdings, Inc. (NYSE:PRO) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 37,452 shares of the software maker’s stock, valued at approximately $694,000.

Several other hedge funds also recently made changes to their positions in the business. Sequoia Financial Advisors LLC bought a new stake in shares of PROS in the second quarter worth $210,000. Assenagon Asset Management S.A. increased its stake in PROS by 9.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 131,198 shares of the software maker’s stock valued at $3,759,000 after buying an additional 11,594 shares during the last quarter. Raymond James & Associates lifted its position in PROS by 14.8% during the 2nd quarter. Raymond James & Associates now owns 138,159 shares of the software maker’s stock worth $3,958,000 after buying an additional 17,792 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in shares of PROS during the 2nd quarter worth about $251,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of PROS by 10.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,088 shares of the software maker’s stock valued at $289,000 after acquiring an additional 916 shares in the last quarter. 94.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PRO shares. Oppenheimer dropped their target price on PROS from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Robert W. Baird increased their price objective on PROS from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. KeyCorp decreased their target price on shares of PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Bank of America dropped their price target on shares of PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Finally, Craig Hallum raised shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Wednesday, October 30th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $31.88.

PROS Stock Down 4.9 %

PROS stock opened at $23.48 on Friday. The company’s 50-day moving average price is $21.54 and its two-hundred day moving average price is $22.45. The stock has a market cap of $1.11 billion, a P/E ratio of -37.87 and a beta of 1.21. PROS Holdings, Inc. has a twelve month low of $16.64 and a twelve month high of $40.99.

PROS (NYSE:PRO) last announced its earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $82.70 million for the quarter, compared to the consensus estimate of $82.32 million. PROS’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.17) EPS. Equities analysts anticipate that PROS Holdings, Inc. will post -0.29 earnings per share for the current fiscal year.

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.