PROS (NYSE:PRO) Given New $30.00 Price Target at Stifel Nicolaus

PROS (NYSE:PRO) had its target price raised by Stifel Nicolaus from $26.00 to $30.00 in a report issued on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the software maker’s stock.

Several other analysts have also recently issued reports on the company. Robert W. Baird increased their target price on PROS from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price objective on shares of PROS in a research report on Friday. Craig Hallum raised PROS from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Wednesday, October 30th. Oppenheimer cut shares of PROS from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 16th. Finally, StockNews.com raised PROS from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

PROS Price Performance

PROS stock opened at $27.37 on Friday. PROS has a 12-month low of $16.64 and a 12-month high of $38.71. The firm has a 50 day moving average of $23.30 and a 200 day moving average of $21.28.

PROS (NYSE:PRO) last posted its earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.15). Sell-side analysts predict that PROS will post -0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. RGM Capital LLC grew its position in PROS by 1.7% during the 3rd quarter. RGM Capital LLC now owns 3,028,677 shares of the software maker’s stock worth $56,091,000 after acquiring an additional 50,000 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in PROS by 2.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,727,026 shares of the software maker’s stock valued at $32,008,000 after acquiring an additional 39,846 shares in the last quarter. State Street Corp grew its position in PROS by 2.9% in the third quarter. State Street Corp now owns 1,167,706 shares of the software maker’s stock valued at $21,626,000 after purchasing an additional 33,176 shares in the last quarter. Tensile Capital Management LP boosted its holdings in shares of PROS by 373.4% in the 3rd quarter. Tensile Capital Management LP now owns 1,161,301 shares of the software maker’s stock valued at $21,507,000 after buying an additional 915,990 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of PROS during the 3rd quarter worth approximately $17,921,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.

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.