PROS (NYSE:PRO) Price Target Cut to $24.00 by Analysts at Stifel Nicolaus

PROS (NYSE:PRO) had its target price cut by Stifel Nicolaus from $30.00 to $24.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the software maker’s stock.

Other equities research analysts also recently issued research reports about the stock. StockNews.com raised shares of PROS from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Needham & Company LLC reduced their price objective on shares of PROS from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday. Oppenheimer lowered PROS from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 16th. Robert W. Baird reduced their price target on PROS from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. Finally, KeyCorp boosted their price objective on PROS from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, February 7th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $29.13.

PROS Trading Down 2.3 %

Shares of NYSE:PRO opened at $16.46 on Friday. The company has a market cap of $786.74 million, a price-to-earnings ratio of -37.41 and a beta of 1.04. PROS has a 12 month low of $14.81 and a 12 month high of $34.43. The company has a 50-day moving average price of $19.21 and a 200 day moving average price of $21.73.

PROS (NYSE:PRO) last announced its earnings results on Thursday, May 1st. The software maker reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $86.32 million during the quarter, compared to analysts’ expectations of $85.69 million. PROS’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 EPS. As a group, equities analysts forecast that PROS will post -0.2 EPS for the current year.

Insider Transactions at PROS

In related news, CAO Scott William Cook sold 5,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $29.84, for a total value of $149,200.00. Following the completion of the sale, the chief accounting officer now directly owns 59,159 shares of the company’s stock, valued at $1,765,304.56. This represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On PROS

Several large investors have recently modified their holdings of PRO. Quadrant Capital Group LLC boosted its stake in shares of PROS by 153.3% during the fourth 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 in the last quarter. Franklin Resources Inc. boosted its position in PROS by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 33,852 shares of the software maker’s stock valued at $743,000 after acquiring an additional 1,080 shares in the last quarter. Comerica Bank boosted its position in 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 acquiring an additional 1,140 shares in the last quarter. Swiss National Bank increased its holdings in shares of PROS by 1.7% in the 4th quarter. Swiss National Bank now owns 78,900 shares of the software maker’s stock valued at $1,733,000 after acquiring an additional 1,300 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PROS in the 4th quarter worth $30,000. Institutional investors own 94.27% of the company’s stock.

PROS Company 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.