PROS Holdings, Inc. (NYSE:PRO) Shares Sold by Brown Capital Management LLC

Brown Capital Management LLC trimmed its holdings in PROS Holdings, Inc. (NYSE:PRO) by 23.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 896,481 shares of the software maker’s stock after selling 271,099 shares during the quarter. Brown Capital Management LLC’s holdings in PROS were worth $16,603,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PROS in the second quarter worth about $29,000. Quarry LP acquired a new position in PROS in the second quarter valued at approximately $38,000. Sequoia Financial Advisors LLC purchased a new stake in PROS in the 2nd quarter worth approximately $210,000. ProShare Advisors LLC grew its stake in shares of PROS by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 8,035 shares of the software maker’s stock worth $292,000 after purchasing an additional 632 shares during the period. Finally, Bayesian Capital Management LP purchased a new position in shares of PROS during the 1st quarter valued at approximately $298,000. 94.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PRO shares. KeyCorp lowered their price target on shares of PROS from $36.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Oppenheimer lowered their target price on shares of PROS from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Needham & Company LLC cut their price target on PROS from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Bank of America lowered their price target on PROS from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Finally, Robert W. Baird cut their price objective on PROS from $35.00 to $28.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, PROS presently has a consensus rating of “Buy” and a consensus price target of $31.63.

PROS Stock Up 1.7 %

Shares of PROS stock opened at $22.52 on Thursday. PROS Holdings, Inc. has a twelve month low of $16.64 and a twelve month high of $40.99. The firm’s 50-day moving average price is $19.62 and its 200 day moving average price is $23.27.

PROS (NYSE:PRO) last issued its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $82.70 million during the quarter, compared to analyst estimates of $82.32 million. During the same period in the prior year, the firm earned ($0.17) earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. As a group, analysts anticipate that PROS Holdings, Inc. will post -0.29 earnings per share for the current year.

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.