Verition Fund Management LLC Buys Shares of 34,071 PROS Holdings, Inc. (NYSE:PRO)

Verition Fund Management LLC acquired a new position in shares of PROS Holdings, Inc. (NYSE:PRO) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 34,071 shares of the software maker’s stock, valued at approximately $631,000.

Other large investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in PROS during the 2nd quarter worth approximately $29,000. Quarry LP acquired a new position in PROS during the 2nd quarter worth approximately $38,000. Intech Investment Management LLC bought a new position in shares of PROS in the 3rd quarter worth $204,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of PROS by 27.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock valued at $206,000 after buying an additional 2,393 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of PROS in the second quarter worth approximately $210,000. 94.27% of the stock is currently owned by institutional investors.

PROS Stock Performance

PRO stock opened at $24.79 on Wednesday. PROS Holdings, Inc. has a one year low of $16.64 and a one year high of $40.99. The company’s fifty day moving average price is $21.18 and its 200-day moving average price is $22.48. The company has a market capitalization of $1.17 billion, a PE ratio of -39.98 and a beta of 1.20.

PROS (NYSE:PRO) last announced its earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $82.70 million during the quarter, compared to analysts’ expectations of $82.32 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.17) EPS. On average, research analysts predict that PROS Holdings, Inc. will post -0.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PRO shares. Oppenheimer lowered their target price on PROS from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. KeyCorp lowered their price objective on PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Needham & Company LLC dropped their price objective on shares of PROS from $40.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. StockNews.com upgraded shares of PROS from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Finally, Bank of America lowered their target price on PROS from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, PROS presently has an average rating of “Buy” and an average price target of $31.88.

PROS 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.