PROS Holdings, Inc. (NYSE:PRO) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. cut its holdings in PROS Holdings, Inc. (NYSE:PRO) by 2.0% during the first quarter, HoldingsChannel reports. The fund owned 382,524 shares of the software maker’s stock after selling 7,928 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in PROS were worth $7,279,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in PROS by 4.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 458,899 shares of the software maker’s stock valued at $8,733,000 after acquiring an additional 18,432 shares during the last quarter. Vanguard Group Inc. lifted its holdings in PROS by 3.1% in the first quarter. Vanguard Group Inc. now owns 5,847,056 shares of the software maker’s stock valued at $111,269,000 after acquiring an additional 176,926 shares during the last quarter. Jefferies Financial Group Inc. lifted its holdings in PROS by 17.8% in the first quarter. Jefferies Financial Group Inc. now owns 36,500 shares of the software maker’s stock valued at $695,000 after acquiring an additional 5,510 shares during the last quarter. Federated Hermes Inc. acquired a new position in PROS in the first quarter valued at approximately $383,000. Finally, Mackenzie Financial Corp acquired a new position in PROS in the first quarter valued at approximately $594,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

PROS Trading Down 3.8%

PROS stock opened at $14.09 on Tuesday. PROS Holdings, Inc. has a twelve month low of $13.61 and a twelve month high of $29.84. The stock’s fifty day simple moving average is $16.01 and its 200-day simple moving average is $18.85. The firm has a market capitalization of $677.92 million, a P/E ratio of -64.05 and a beta of 1.08.

PROS (NYSE:PRO) last posted its quarterly earnings data on Thursday, July 31st. The software maker reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. The company had revenue of $88.72 million for the quarter, compared to analysts’ expectations of $87.70 million. During the same period in the prior year, the company posted $0.07 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. Sell-side analysts predict that PROS Holdings, Inc. will post -0.2 earnings per share for the current year.

Analyst Ratings Changes

PRO has been the topic of a number of recent analyst reports. Baird R W cut PROS from a “strong-buy” rating to a “hold” rating in a report on Monday, June 16th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of PROS in a research report on Thursday, June 12th. Robert W. Baird lowered PROS from an “outperform” rating to a “neutral” rating and cut their target price for the company from $27.00 to $18.00 in a research report on Monday, June 16th. KeyCorp cut their target price on PROS from $31.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Finally, Stifel Nicolaus cut their target price on PROS from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, July 8th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, PROS currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.50.

About PROS

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.