BNP Paribas Financial Markets Decreases Stock Holdings in PROS Holdings, Inc. (NYSE:PRO)

BNP Paribas Financial Markets reduced its position in shares of PROS Holdings, Inc. (NYSE:PRO) by 58.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 110,538 shares of the software maker’s stock after selling 155,594 shares during the quarter. BNP Paribas Financial Markets owned 0.23% of PROS worth $2,427,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Ancora Advisors LLC bought a new stake in shares of PROS during the 4th quarter valued at about $33,000. Quadrant Capital Group LLC grew its stake in shares of PROS by 153.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,530 shares of the software maker’s stock valued at $34,000 after purchasing an additional 926 shares during the period. Comerica Bank grew its stake in shares of PROS by 264.5% during the 4th quarter. Comerica Bank now owns 1,571 shares of the software maker’s stock valued at $34,000 after purchasing an additional 1,140 shares during the period. Quarry LP grew its stake in shares of PROS by 587.6% during the 4th quarter. Quarry LP now owns 5,803 shares of the software maker’s stock valued at $127,000 after acquiring an additional 4,959 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of PROS during the 4th quarter valued at approximately $156,000. 94.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PRO has been the subject of a number of recent research reports. Needham & Company LLC cut their price objective on PROS from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. KeyCorp cut their price objective on PROS from $31.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Robert W. Baird cut their price objective on PROS from $30.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. StockNews.com downgraded PROS from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 7th. Finally, Stifel Nicolaus cut their price objective on PROS from $30.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.13.

PROS Price Performance

PRO stock opened at $18.44 on Friday. PROS Holdings, Inc. has a 1-year low of $14.81 and a 1-year high of $32.87. The company has a market capitalization of $882.15 million, a price-to-earnings ratio of -41.90 and a beta of 1.06. The business has a 50 day simple moving average of $18.01 and a two-hundred day simple moving average of $21.65.

PROS (NYSE:PRO) last posted its quarterly earnings results on Thursday, May 1st. The software maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $86.32 million during the quarter, compared to the consensus estimate of $85.69 million. During the same quarter in the previous year, the company earned $0.04 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Sell-side analysts anticipate that PROS Holdings, Inc. will post -0.2 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.