PROS (NYSE:PRO) Trading 5.1% Higher

PROS Holdings, Inc. (NYSE:PROGet Rating) shares traded up 5.1% during mid-day trading on Thursday . The stock traded as high as $32.45 and last traded at $32.09. 1,320 shares were traded during mid-day trading, a decline of 100% from the average session volume of 312,826 shares. The stock had previously closed at $30.52.

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of PROS from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, March 21st. Morgan Stanley lowered their price objective on shares of PROS from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Friday, March 4th. Finally, StockNews.com assumed coverage on shares of PROS in a report on Thursday, March 31st. They issued a “hold” rating for the company.

The firm’s fifty day simple moving average is $31.15 and its 200 day simple moving average is $32.41. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -15.91 and a beta of 1.55. The company has a debt-to-equity ratio of 80.44, a current ratio of 1.83 and a quick ratio of 1.83.

PROS (NYSE:PROGet Rating) last posted its quarterly earnings results on Thursday, February 10th. The software maker reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.01. The business had revenue of $64.97 million during the quarter, compared to analysts’ expectations of $63.84 million. PROS had a negative net margin of 32.30% and a negative return on equity of 316.22%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company posted ($0.29) earnings per share. Equities research analysts forecast that PROS Holdings, Inc. will post -1.42 earnings per share for the current fiscal year.

In related news, CFO Stefan B. Schulz sold 34,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 24th. The shares were sold at an average price of $31.03, for a total transaction of $1,079,844.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 10.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of PRO. First Trust Advisors LP lifted its stake in PROS by 70.3% in the first quarter. First Trust Advisors LP now owns 72,766 shares of the software maker’s stock valued at $3,074,000 after acquiring an additional 30,043 shares during the last quarter. Morgan Stanley raised its position in shares of PROS by 13.5% in the second quarter. Morgan Stanley now owns 718,531 shares of the software maker’s stock valued at $32,744,000 after purchasing an additional 85,590 shares during the period. Stephens Inc. AR raised its position in shares of PROS by 33.7% in the third quarter. Stephens Inc. AR now owns 4,155 shares of the software maker’s stock valued at $147,000 after purchasing an additional 1,047 shares during the period. SG Americas Securities LLC raised its position in shares of PROS by 273.1% in the third quarter. SG Americas Securities LLC now owns 17,732 shares of the software maker’s stock valued at $629,000 after purchasing an additional 12,980 shares during the period. Finally, Raymond James & Associates raised its position in shares of PROS by 25.4% in the third quarter. Raymond James & Associates now owns 33,912 shares of the software maker’s stock valued at $1,203,000 after purchasing an additional 6,878 shares during the period.

About PROS (NYSE:PRO)

PROS Holdings, Inc provides solutions that optimize the processes of selling and shopping in the digital economy worldwide. 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 that enables businesses to optimize, personalize and harmonize pricing across the complexity of their go-to-market channels in the context of dynamic market and competitive conditions.

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