Raymond James Financial Inc. Purchases Shares of 293,559 PROS Holdings, Inc. (NYSE:PRO)

Raymond James Financial Inc. acquired a new position in PROS Holdings, Inc. (NYSE:PRO) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 293,559 shares of the software maker’s stock, valued at approximately $6,447,000.

Other institutional investors have also recently made changes to their positions in the company. Intech Investment Management LLC bought a new position in shares of PROS during the 3rd quarter valued at about $204,000. Quadrature Capital Ltd lifted its position in shares of PROS by 19.3% in 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. Paloma Partners Management Co purchased a new stake in shares of PROS in the third quarter worth about $252,000. Aigen Investment Management LP purchased a new position in PROS during the 4th quarter valued at approximately $252,000. Finally, Stephens Inc. AR increased its stake in PROS by 14.1% in the 4th quarter. Stephens Inc. AR now owns 12,616 shares of the software maker’s stock worth $277,000 after acquiring an additional 1,556 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

PROS Trading Up 3.1 %

Shares of NYSE:PRO opened at $21.24 on Tuesday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -48.27 and a beta of 1.14. PROS Holdings, Inc. has a 12 month low of $16.64 and a 12 month high of $38.71. The firm’s 50-day moving average is $23.91 and its 200 day moving average is $21.98.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PRO. Stifel Nicolaus raised their target price on shares of PROS from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 7th. Robert W. Baird boosted their target price on shares of PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 price target on shares of PROS in a report on Friday, February 7th. Oppenheimer lowered PROS from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 16th. Finally, KeyCorp upped their price objective on PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, PROS presently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Insider Activity

In other PROS news, CAO Scott William Cook sold 5,000 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $29.84, for a total transaction of $149,200.00. Following the completion of the sale, the chief accounting officer now owns 59,159 shares in the company, valued at $1,765,304.56. This represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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.