PROS (NYSE:PRO) Posts Earnings Results, Beats Expectations By $0.05 EPS

PROS (NYSE:PRO) issued its quarterly earnings results on Tuesday. The software maker reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05, Briefing.com reports. PROS’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $0.14 EPS.

PROS Stock Down 0.0%

Shares of NYSE PRO opened at $23.04 on Tuesday. The stock’s 50 day moving average price is $20.10 and its 200-day moving average price is $17.67. The company has a market capitalization of $1.11 billion, a PE ratio of -74.32 and a beta of 1.05. PROS has a twelve month low of $13.61 and a twelve month high of $29.84.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PRO. Engineers Gate Manager LP boosted its holdings in PROS by 126.7% in the 2nd quarter. Engineers Gate Manager LP now owns 102,569 shares of the software maker’s stock worth $1,606,000 after buying an additional 57,325 shares during the period. Ameriprise Financial Inc. lifted its position in shares of PROS by 63.7% during the second quarter. Ameriprise Financial Inc. now owns 66,792 shares of the software maker’s stock worth $1,046,000 after acquiring an additional 26,002 shares in the last quarter. PDT Partners LLC lifted its position in shares of PROS by 119.8% during the second quarter. PDT Partners LLC now owns 91,246 shares of the software maker’s stock worth $1,429,000 after acquiring an additional 49,725 shares in the last quarter. Jump Financial LLC purchased a new position in shares of PROS in the second quarter valued at $1,346,000. Finally, Amundi grew its position in shares of PROS by 79.6% in the second quarter. Amundi now owns 72,632 shares of the software maker’s stock valued at $1,177,000 after purchasing an additional 32,182 shares in the last quarter. Institutional investors own 94.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PRO shares. Northland Securities set a $23.25 price objective on shares of PROS in a research note on Tuesday, September 30th. KeyCorp downgraded PROS from an “overweight” rating to a “sector weight” rating in a report on Tuesday, September 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of PROS in a report on Wednesday, October 8th. Wall Street Zen raised PROS from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Finally, Stifel Nicolaus dropped their target price on shares of PROS from $24.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, July 8th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, PROS has an average rating of “Hold” and a consensus price target of $21.65.

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.