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

Y Intercept Hong Kong Ltd grew its position in PROS Holdings, Inc. (NYSE:PRO) by 6.0% during the 4th quarter, Holdings Channel reports. The fund owned 39,706 shares of the software maker’s stock after buying an additional 2,254 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in PROS were worth $872,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Intech Investment Management LLC purchased a new stake in shares of PROS in the third quarter valued at about $204,000. Hennion & Walsh Asset Management Inc. boosted its holdings in PROS by 27.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 11,141 shares of the software maker’s stock worth $206,000 after buying an additional 2,393 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in PROS by 29.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 11,917 shares of the software maker’s stock worth $221,000 after buying an additional 2,700 shares in the last quarter. Quadrature Capital Ltd boosted its holdings in PROS by 19.3% during the third quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker’s stock worth $233,000 after buying an additional 2,034 shares in the last quarter. Finally, Creative Planning purchased a new stake in PROS during the third quarter worth about $249,000. Hedge funds and other institutional investors own 94.27% of the company’s stock.

PROS Trading Down 1.9 %

Shares of PRO opened at $24.53 on Friday. The stock has a market cap of $1.17 billion, a P/E ratio of -55.75 and a beta of 1.22. The company has a 50-day moving average of $23.94 and a two-hundred day moving average of $21.61. PROS Holdings, Inc. has a 12-month low of $16.64 and a 12-month high of $38.71.

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

Analysts Set New Price Targets

A number of analysts recently commented on PRO shares. KeyCorp boosted their price objective on shares of PROS from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. StockNews.com raised shares of PROS from a “hold” rating to a “buy” rating in a report on Saturday, November 16th. Stifel Nicolaus boosted their price objective on shares of PROS from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Needham & Company LLC reissued a “buy” rating and set a $30.00 price objective on shares of PROS in a report on Friday, February 7th. Finally, Oppenheimer downgraded shares of PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Insider Activity

In other news, CAO Scott William Cook sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $29.84, for a total value of $149,200.00. Following the completion of the transaction, the chief accounting officer now owns 59,159 shares of the company’s stock, valued at $1,765,304.56. The trade was a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.70% of the company’s stock.

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.