Barclays PLC Acquires 184,856 Shares of PROS Holdings, Inc. (NYSE:PRO)

Barclays PLC lifted its stake in PROS Holdings, Inc. (NYSE:PRO) by 345.4% during the 3rd quarter, Holdings Channel reports. The firm owned 238,382 shares of the software maker’s stock after acquiring an additional 184,856 shares during the period. Barclays PLC’s holdings in PROS were worth $4,415,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in PROS by 10.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,088 shares of the software maker’s stock worth $289,000 after buying an additional 916 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in PROS during the 2nd quarter worth approximately $29,000. Quarry LP bought a new position in PROS during the 2nd quarter worth approximately $38,000. The Manufacturers Life Insurance Company grew its holdings in PROS by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 23,456 shares of the software maker’s stock valued at $672,000 after purchasing an additional 1,646 shares during the period. Finally, Quadrature Capital Ltd increased its stake in PROS by 19.3% in the third quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker’s stock valued at $233,000 after purchasing an additional 2,034 shares in the last quarter. 94.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PRO has been the subject of several research analyst reports. Bank of America decreased their price target 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. KeyCorp lowered their price target on PROS from $36.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Needham & Company LLC decreased their price objective on PROS from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Craig Hallum raised PROS from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Wednesday, October 30th. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $38.00 price target (down previously from $40.00) on shares of PROS in a research note on Wednesday, October 30th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $31.88.

PROS Stock Down 0.7 %

Shares of PRO stock opened at $22.50 on Friday. PROS Holdings, Inc. has a 12 month low of $16.64 and a 12 month high of $40.16. The company’s fifty day simple moving average is $22.05 and its 200-day simple moving average is $22.21. The firm has a market cap of $1.06 billion, a PE ratio of -36.29 and a beta of 1.21.

PROS (NYSE:PRO) last posted its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $82.70 million for the quarter, compared to analyst estimates of $82.32 million. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.17) earnings per share. On average, equities analysts predict that PROS Holdings, Inc. will post -0.29 earnings per share for the current fiscal year.

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.