PROS Holdings, Inc. (NYSE:PRO) Shares Bought by Quarry LP

Quarry LP grew its holdings in PROS Holdings, Inc. (NYSE:PRO) by 587.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,803 shares of the software maker’s stock after buying an additional 4,959 shares during the quarter. Quarry LP’s holdings in PROS were worth $127,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Quadrant Capital Group LLC lifted its holdings in shares of PROS by 153.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker’s stock valued at $34,000 after buying an additional 926 shares during the period. Franklin Resources Inc. lifted its holdings in shares of PROS by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker’s stock valued at $743,000 after buying an additional 1,080 shares during the period. Swiss National Bank lifted its holdings in shares of PROS by 1.7% in the 4th quarter. Swiss National Bank now owns 78,900 shares of the software maker’s stock valued at $1,733,000 after buying an additional 1,300 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of PROS by 5.4% in the 4th quarter. MetLife Investment Management LLC now owns 27,978 shares of the software maker’s stock valued at $614,000 after buying an additional 1,438 shares during the period. Finally, Stephens Inc. AR lifted its holdings in shares of PROS by 14.1% in the 4th quarter. Stephens Inc. AR now owns 12,616 shares of the software maker’s stock valued at $277,000 after buying an additional 1,556 shares during the period. 94.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Scott William Cook sold 5,000 shares of PROS stock in a transaction on Friday, February 7th. The stock was sold at an average price of $29.84, for a total value of $149,200.00. Following the transaction, the chief accounting officer now owns 59,159 shares in the company, valued at approximately $1,765,304.56. This trade represents a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

PRO has been the subject of several recent analyst reports. KeyCorp raised their price target on PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 price objective on shares of PROS in a research note on Friday, February 7th. Oppenheimer downgraded PROS from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 16th. Stifel Nicolaus raised their price objective on PROS from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Robert W. Baird dropped their price objective on PROS from $30.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, PROS has a consensus rating of “Moderate Buy” and a consensus price target of $31.63.

PROS Stock Performance

PROS stock opened at $17.74 on Tuesday. The stock has a fifty day moving average of $19.90 and a two-hundred day moving average of $21.82. The company has a market capitalization of $847.92 million, a price-to-earnings ratio of -40.32 and a beta of 1.04. PROS Holdings, Inc. has a fifty-two week low of $14.81 and a fifty-two week high of $34.52.

PROS (NYSE:PRO) last released its quarterly earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.15). On average, analysts forecast that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

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.