Jackson Creek Investment Advisors LLC Invests $1.10 Million in PROS Holdings, Inc. (NYSE:PRO)

Jackson Creek Investment Advisors LLC purchased a new position in shares of PROS Holdings, Inc. (NYSE:PRO) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 57,972 shares of the software maker’s stock, valued at approximately $1,103,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Alyeska Investment Group L.P. increased its stake in shares of PROS by 334.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,748,055 shares of the software maker’s stock valued at $38,387,000 after purchasing an additional 1,345,256 shares during the period. Nuveen Asset Management LLC boosted its stake in PROS by 340.3% in the 4th quarter. Nuveen Asset Management LLC now owns 1,383,315 shares of the software maker’s stock worth $30,378,000 after purchasing an additional 1,069,141 shares during the period. Raymond James Financial Inc. purchased a new stake in PROS in the 4th quarter worth approximately $6,447,000. Vanguard Group Inc. lifted its position in PROS by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker’s stock worth $124,516,000 after buying an additional 172,997 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of PROS by 683.5% during the 4th quarter. Marshall Wace LLP now owns 166,021 shares of the software maker’s stock valued at $3,646,000 after purchasing an additional 144,830 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

PROS Trading Down 0.8%

PRO stock traded down $0.12 during mid-day trading on Friday, hitting $15.47. The stock had a trading volume of 26,973 shares, compared to its average volume of 606,959. PROS Holdings, Inc. has a 52 week low of $13.61 and a 52 week high of $29.84. The firm has a market capitalization of $740.19 million, a P/E ratio of -55.24 and a beta of 0.98. The firm has a fifty day simple moving average of $16.81 and a 200 day simple moving average of $19.71.

PROS (NYSE:PRO) last posted its earnings results on Thursday, May 1st. The software maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $86.32 million for the quarter, compared to analyst estimates of $85.69 million. During the same quarter in the prior year, the business earned $0.04 earnings per share. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts expect that PROS Holdings, Inc. will post -0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of PROS from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, July 8th. Wall Street Zen upgraded shares of PROS from a “hold” rating to a “buy” rating in a research report on Sunday, July 13th. KeyCorp decreased their target price on shares of PROS from $31.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of PROS in a report on Thursday, June 12th. Finally, Northland Securities set a $38.00 price target on shares of PROS in a report on Wednesday, May 28th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $27.50.

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.