PROS Holdings, Inc. (NYSE:PRO) Position Raised by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC lifted its holdings in PROS Holdings, Inc. (NYSE:PRO) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,354,386 shares of the software maker’s stock after acquiring an additional 91,555 shares during the quarter. PROS makes up approximately 2.4% of Conestoga Capital Advisors LLC’s holdings, making the stock its 12th largest holding. Conestoga Capital Advisors LLC owned about 6.34% of PROS worth $73,928,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PRO. Primecap Management Co. CA lifted its stake in shares of PROS by 40.6% in the 3rd quarter. Primecap Management Co. CA now owns 2,686,400 shares of the software maker’s stock valued at $94,078,000 after purchasing an additional 775,909 shares during the period. BlackRock Inc. lifted its stake in shares of PROS by 19.8% in the 3rd quarter. BlackRock Inc. now owns 2,222,605 shares of the software maker’s stock valued at $77,837,000 after purchasing an additional 366,708 shares during the period. Vanguard Group Inc. lifted its stake in shares of PROS by 18.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,586,583 shares of the software maker’s stock valued at $55,562,000 after purchasing an additional 247,315 shares during the period. Vanguard Group Inc lifted its stake in shares of PROS by 18.5% in the 3rd quarter. Vanguard Group Inc now owns 1,586,583 shares of the software maker’s stock valued at $55,562,000 after purchasing an additional 247,315 shares during the period. Finally, FMR LLC lifted its stake in shares of PROS by 21.2% in the 3rd quarter. FMR LLC now owns 905,935 shares of the software maker’s stock valued at $31,726,000 after purchasing an additional 158,300 shares during the period. 99.26% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on PRO shares. Nomura cut their price target on PROS from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Royal Bank of Canada started coverage on PROS in a research note on Tuesday, October 16th. They issued an “outperform” rating and a $38.00 price target on the stock. Finally, Zacks Investment Research cut shares of PROS from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $41.63.

PRO opened at $38.79 on Tuesday. The company has a debt-to-equity ratio of 3.53, a current ratio of 2.63 and a quick ratio of 2.63. PROS Holdings, Inc. has a 12 month low of $28.18 and a 12 month high of $41.10. The firm has a market capitalization of $1.41 billion, a P/E ratio of -35.59 and a beta of 1.05.

PROS (NYSE:PRO) last released its earnings results on Thursday, February 7th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.19. The firm had revenue of $52.60 million for the quarter, compared to the consensus estimate of $50.75 million. PROS’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.13) EPS. As a group, sell-side analysts forecast that PROS Holdings, Inc. will post -0.99 earnings per share for the current fiscal year.

In other PROS news, EVP Thomas Dziersk sold 2,000 shares of the stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $31.71, for a total transaction of $63,420.00. Following the completion of the transaction, the executive vice president now owns 7,077 shares in the company, valued at approximately $224,411.67. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 15.40% of the stock is currently owned by corporate insiders.

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PROS Company Profile

PROS Holdings, Inc provides AI-powered solutions that optimize selling in the digital economy. Its solutions enable companies to price, configure, and sell products and services in an omnichannel environment with speed, precision, and consistency. The company offers SellingPRO solutions, which include configuration, quoting, and e-commerce capabilities with data science; and PricingPRO solutions that deliver insight into pricing practices and provides pricing recommendations, as well as enhances control over pricing execution.

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Institutional Ownership by Quarter for PROS (NYSE:PRO)

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