PROS Holdings, Inc. (NYSE:PRO) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its holdings in PROS Holdings, Inc. (NYSE:PRO) by 20.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,080 shares of the software maker’s stock after selling 4,364 shares during the quarter. Raymond James & Associates’ holdings in PROS were worth $663,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PRO. FMR LLC increased its stake in shares of PROS by 94.2% in the third quarter. FMR LLC now owns 2,561,817 shares of the software maker’s stock worth $88,690,000 after buying an additional 1,242,334 shares during the last quarter. Deutsche Bank AG lifted its position in shares of PROS by 116.0% during the third quarter. Deutsche Bank AG now owns 804,051 shares of the software maker’s stock worth $27,836,000 after purchasing an additional 431,793 shares during the last quarter. Cadian Capital Management LP acquired a new position in PROS in the third quarter worth about $13,405,000. Comerica Bank bought a new stake in PROS in the third quarter valued at about $8,123,000. Finally, Envestnet Asset Management Inc. raised its stake in PROS by 289.7% during the third quarter. Envestnet Asset Management Inc. now owns 294,277 shares of the software maker’s stock valued at $10,188,000 after buying an additional 218,760 shares in the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

Insider Activity

In related news, CFO Stefan B. Schulz sold 6,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.92, for a total value of $215,520.00. Following the completion of the transaction, the chief financial officer now directly owns 260,223 shares of the company’s stock, valued at approximately $9,347,210.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PRO. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of PROS in a report on Monday, March 4th. KeyCorp raised shares of PROS from a “sector weight” rating to an “overweight” rating and set a $43.00 target price on the stock in a report on Friday, January 12th.

PROS Price Performance

NYSE:PRO opened at $34.62 on Thursday. The firm has a market capitalization of $1.63 billion, a P/E ratio of -28.38 and a beta of 1.19. The business has a 50 day simple moving average of $35.51 and a 200 day simple moving average of $35.76. PROS Holdings, Inc. has a 12-month low of $24.61 and a 12-month high of $40.99.

PROS (NYSE:PRO) last released its quarterly earnings results on Thursday, February 8th. The software maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.04). The firm had revenue of $77.48 million for the quarter, compared to analyst estimates of $76.70 million. The business’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.20) EPS. Research analysts anticipate that PROS Holdings, Inc. will post -0.54 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.