Brown Advisory Inc. Sells 230,311 Shares of PROS Holdings, Inc. (NYSE:PRO)

Brown Advisory Inc. reduced its holdings in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 9.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,186,692 shares of the software maker's stock after selling 230,311 shares during the quarter. Brown Advisory Inc. owned approximately 4.57% of PROS worth $41,613,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. boosted its position in shares of PROS by 334.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,748,055 shares of the software maker's stock worth $38,387,000 after buying an additional 1,345,256 shares during the period. Nuveen Asset Management LLC raised its position in shares of PROS by 340.3% during the 4th quarter. Nuveen Asset Management LLC now owns 1,383,315 shares of the software maker's stock worth $30,378,000 after purchasing an additional 1,069,141 shares during the period. Raymond James Financial Inc. acquired a new stake in PROS in the 4th quarter valued at approximately $6,447,000. Vanguard Group Inc. increased its position in PROS by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker's stock valued at $124,516,000 after acquiring an additional 172,997 shares during the period. Finally, Marshall Wace LLP increased its position in PROS by 683.5% in the 4th quarter. Marshall Wace LLP now owns 166,021 shares of the software maker's stock valued at $3,646,000 after acquiring an additional 144,830 shares during the period. 94.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Needham & Company LLC reiterated a "buy" rating and set a $25.00 price target on shares of PROS in a research report on Thursday, June 12th. Robert W. Baird cut PROS from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $27.00 to $18.00 in a research report on Monday, June 16th. Wall Street Zen cut PROS from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Stifel Nicolaus decreased their target price on PROS from $24.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, KeyCorp decreased their target price on PROS from $31.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, PROS currently has an average rating of "Moderate Buy" and a consensus target price of $27.50.

PROS Stock Down 2.2%

Shares of NYSE:PRO traded down $0.36 on Friday, reaching $15.92. The company had a trading volume of 703,330 shares, compared to its average volume of 614,086. PROS Holdings, Inc. has a twelve month low of $13.61 and a twelve month high of $29.84. The stock has a 50-day moving average price of $16.92 and a 200 day moving average price of $19.95. The stock has a market capitalization of $761.56 million, a P/E ratio of -56.84 and a beta of 0.98.

PROS (NYSE:PRO - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The software maker reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The company had revenue of $86.32 million during the quarter, compared to analyst estimates of $85.69 million. During the same period in the prior year, the firm earned $0.04 EPS. PROS's quarterly revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts predict that PROS Holdings, Inc. will post -0.2 earnings per share for the current fiscal year.

PROS 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.