Brown Advisory Inc. Decreases Stake in PROS Holdings, Inc. (NYSE:PRO)

Brown Advisory Inc. lessened its stake in shares of PROS Holdings, Inc. (NYSE:PRO - Free Report) by 1.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,417,003 shares of the software maker's stock after selling 45,063 shares during the period. Brown Advisory Inc. owned 5.11% of PROS worth $53,077,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PRO. Balyasny Asset Management L.P. increased its holdings in PROS by 54.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 225,056 shares of the software maker's stock valued at $4,942,000 after acquiring an additional 79,280 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of PROS in the 4th quarter worth about $444,000. Alyeska Investment Group L.P. raised its position in shares of PROS by 334.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,748,055 shares of the software maker's stock valued at $38,387,000 after buying an additional 1,345,256 shares in the last quarter. Ancora Advisors LLC bought a new position in shares of PROS in the 4th quarter valued at about $33,000. Finally, Westerly Capital Management LLC grew its position in PROS by 63.0% in the fourth quarter. Westerly Capital Management LLC now owns 220,000 shares of the software maker's stock worth $4,831,000 after acquiring an additional 85,000 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.

PROS Price Performance

Shares of PRO stock traded up $0.28 during mid-day trading on Wednesday, hitting $16.61. The stock had a trading volume of 474,313 shares, compared to its average volume of 535,573. The firm has a market capitalization of $794.82 million, a P/E ratio of -37.75 and a beta of 1.06. PROS Holdings, Inc. has a 12-month low of $14.81 and a 12-month high of $33.21. The firm's 50-day moving average is $18.73 and its two-hundred day moving average is $21.67.

PROS (NYSE:PRO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The software maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The business had revenue of $86.32 million for the quarter, compared to analysts' expectations of $85.69 million. The business's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 earnings per share. Analysts expect that PROS Holdings, Inc. will post -0.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PRO. StockNews.com downgraded PROS from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. Robert W. Baird dropped their price target on shares of PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Stifel Nicolaus reduced their price objective on shares of PROS from $30.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. KeyCorp decreased their price objective on shares of PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Finally, Oppenheimer lowered PROS from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.13.

Insider Activity

In other PROS news, CAO Scott William Cook sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $29.84, for a total value of $149,200.00. Following the completion of the sale, the chief accounting officer now directly owns 59,159 shares in the company, valued at $1,765,304.56. This trade represents a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.00% of the company's stock.

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.