PROS (NYSE:PRO) Price Target Raised to $31.00 at KeyCorp

PROS (NYSE:PRO) had its price target lifted by KeyCorp from $28.00 to $31.00 in a report published on Friday,Benzinga reports. KeyCorp currently has an overweight rating on the software maker’s stock.

A number of other research firms have also recently commented on PRO. Needham & Company LLC reissued a “buy” rating and set a $30.00 price target on shares of PROS in a report on Friday. Oppenheimer cut shares of PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. StockNews.com upgraded shares of PROS from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Northland Securities reiterated an “outperform” rating and set a $38.00 price objective (down from $40.00) on shares of PROS in a research report on Wednesday, October 30th. Finally, Craig Hallum upgraded shares of PROS from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, PROS presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

PROS Trading Up 9.8 %

Shares of 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’s 50-day moving average price is $23.30 and its two-hundred day moving average price is $21.28.

PROS (NYSE:PRO) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.15). Equities research analysts anticipate that PROS will post -0.17 EPS for the current year.

Institutional Trading of PROS

Institutional investors have recently modified their holdings of the business. RGM Capital LLC raised 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 purchasing an additional 50,000 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of PROS by 2.4% in the third quarter. Rockefeller Capital Management L.P. now owns 1,727,026 shares of the software maker’s stock valued at $32,008,000 after buying an additional 39,846 shares during the period. State Street Corp raised its position in shares of PROS by 2.9% during the third quarter. State Street Corp now owns 1,167,706 shares of the software maker’s stock worth $21,626,000 after acquiring an additional 33,176 shares during the last quarter. Tensile Capital Management LP lifted its stake in shares of PROS by 373.4% in the third quarter. Tensile Capital Management LP now owns 1,161,301 shares of the software maker’s stock worth $21,507,000 after acquiring an additional 915,990 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new stake in PROS in the third quarter valued at approximately $17,921,000. Institutional investors own 94.27% of the company’s stock.

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.