PROS Holdings, Inc. (NYSE:PRO) Shares Sold by Brown Advisory Inc.

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alyeska Investment Group L.P. lifted its holdings 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 during the period. Nuveen Asset Management LLC lifted its holdings 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 valued at $30,378,000 after buying an additional 1,069,141 shares during the period. Raymond James Financial Inc. bought a new position in shares of PROS during the 4th quarter valued at $6,447,000. Vanguard Group Inc. lifted its holdings in shares of PROS by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 5,670,130 shares of the software maker's stock valued at $124,516,000 after buying an additional 172,997 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of PROS by 683.5% during the 4th quarter. Marshall Wace LLP now owns 166,021 shares of the software maker's stock valued at $3,646,000 after buying an additional 144,830 shares during the period. Hedge funds and other institutional investors own 94.27% of the company's stock.

PROS Stock Performance

PROS stock traded down $0.31 during midday trading on Thursday, hitting $16.24. 102,376 shares of the company's stock were exchanged, compared to its average volume of 611,502. PROS Holdings, Inc. has a 12-month low of $13.61 and a 12-month high of $29.84. The stock has a market cap of $777.08 million, a price-to-earnings ratio of -57.89 and a beta of 0.98. The firm's 50 day simple moving average is $16.93 and its 200 day simple moving average is $19.99.

PROS (NYSE:PRO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The software maker reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The firm 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. The business's quarterly revenue was up 7.0% on a year-over-year basis. On average, equities research analysts forecast that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PRO. Baird R W cut PROS from a "strong-buy" rating to a "hold" rating in a report on Monday, June 16th. Stifel Nicolaus decreased their price target on shares of PROS from $24.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday. Wall Street Zen downgraded shares of PROS from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Northland Securities set a $38.00 price objective on shares of PROS in a research note on Wednesday, May 28th. Finally, Robert W. Baird lowered shares of PROS from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $27.00 to $18.00 in a report on Monday, June 16th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $27.50.

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.