Raymond James & Associates buys 17,792 shares of PROS Holdings, Inc. stock. (NYSE:PRO)

Raymond James & Associates increased its position in PROS Holdings, Inc. (NYSE:PRO – Free Report ) by 14.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,159 shares of the software maker’s stock after purchasing an additional 17,792 shares during the period. Raymond James & Associates’ holdings in PROS were worth $3,958,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in shares of PROS in the 1st quarter worth about $1,291,000. Vanguard Group Inc. raised its position in PROS by 3.0% in the first quarter. Vanguard Group Inc. now owns 4,909,642 shares of the software maker’s stock worth $178,367,000 after purchasing an additional 144,729 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of PROS by 21.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 474,397 shares of the software maker’s stock worth $17,226,000 after purchasing an additional 84,591 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of PROS by 12.4% in the fourth quarter. Eagle Asset Management Inc. now owns 768,290 shares of the software maker’s stock worth $29,802,000 after buying an additional 84,678 shares during the period. Finally, Inspire Advisors LLC purchased a new position in shares of PROS in the first quarter worth $775,000. 94.27% of shares are held by institutional investors.

PRO Price performance

Shares of PROS opened at $20.13 on Friday. The stock has a market cap of $946.19 million, a price-to-earnings ratio of -19.17 and a beta of 1.21. PROS Holdings, Inc. has a 1 year low of $18.66 and a 1 year high of $40.99. The firm has a 50-day simple moving average of $23.17 and a 200-day simple moving average of $29.74.

PROS (NYSE:PRO – Get Free Report ) last announced its quarterly earnings results on Tuesday, July 30th. The software maker reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. The business had revenue of $82.01 million during the quarter, compared to analyst estimates of $81.38 million. During the same period last year, the company earned ($0.24) EPS. The company’s revenue for the quarter was up 8.2% year-over-year. Equities analysts expect that PROS Holdings, Inc. to post -0.43 earnings per share for the current fiscal year.

Analyst upgrades and downgrades

A number of analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of PROS in a research report on Wednesday, July 31st. Craig Hallum cut their price target on PROS from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st. Robert W. Baird cut their price target on shares of PROS from $45.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Oppenheimer cut their price target on PROS from $42.00 to $31.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Finally, Bank of America decreased their price objective on shares of PROS from $43.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. PROS has an average rating of “Moderate Buy” and a consensus price target of $34.86, according to MarketBeat.

Read the latest stock analysis on PRO

PROS Company profile

(Free report)

PROS Holdings, Inc provides software solutions that optimize sales and purchasing processes in the digital economy in Europe, Asia Pacific, the Middle East, Africa and internationally. The company offers PROS Smart Configure Price Quote that improves sales productivity and accelerates transaction speed by automating common sales tasks; and PROS Smart Price Optimization and Management, which enables companies to optimize, customize and harmonize prices.

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