Vanguard Group Inc. Sells 45,588 Shares of PROS Holdings, Inc. (NYSE:PRO)

Vanguard Group Inc. lowered its holdings in PROS Holdings, Inc. (NYSE:PRO) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,764,913 shares of the software maker’s stock after selling 45,588 shares during the period. Vanguard Group Inc. owned about 10.19% of PROS worth $184,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Eagle Asset Management Inc. grew its holdings in shares of PROS by 12.4% in the 4th quarter. Eagle Asset Management Inc. now owns 768,290 shares of the software maker’s stock valued at $29,802,000 after acquiring an additional 84,678 shares in the last quarter. Comerica Bank bought a new position in PROS in the third quarter valued at approximately $8,123,000. Ghisallo Capital Management LLC acquired a new position in shares of PROS during the 4th quarter worth approximately $1,831,000. Invesco Ltd. increased its position in shares of PROS by 549.7% during the 3rd quarter. Invesco Ltd. now owns 217,483 shares of the software maker’s stock worth $7,529,000 after purchasing an additional 184,007 shares during the last quarter. Finally, Brown Advisory Inc. raised its stake in shares of PROS by 11.4% during the 4th quarter. Brown Advisory Inc. now owns 2,814,405 shares of the software maker’s stock worth $109,171,000 after purchasing an additional 287,338 shares in the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

PROS Stock Up 2.0 %

PRO opened at $27.05 on Wednesday. PROS Holdings, Inc. has a 12-month low of $26.31 and a 12-month high of $40.99. The business has a 50 day moving average of $30.16 and a 200-day moving average of $33.88. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -25.76 and a beta of 1.21.

PROS (NYSE:PRO) last announced its quarterly earnings results on Tuesday, May 7th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. The business had revenue of $80.69 million for the quarter, compared to analyst estimates of $79.84 million. During the same period in the prior year, the business earned ($0.28) EPS. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, analysts expect that PROS Holdings, Inc. will post -0.5 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of PROS in a report on Thursday, May 23rd.

Insider Buying and Selling at PROS

In other news, CFO Stefan B. Schulz sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $31.03, for a total transaction of $186,180.00. Following the completion of the sale, the chief financial officer now owns 258,327 shares in the company, valued at $8,015,886.81. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other PROS news, Director Leland Jourdan sold 2,162 shares of PROS stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total value of $67,086.86. Following the completion of the sale, the director now owns 13,313 shares in the company, valued at approximately $413,102.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stefan B. Schulz sold 6,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $31.03, for a total transaction of $186,180.00. Following the completion of the sale, the chief financial officer now directly owns 258,327 shares of the company’s stock, valued at approximately $8,015,886.81. The disclosure for this sale can be found here. Insiders own 3.70% 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.