Sei Investments Co. Has $3.39 Million Position in PROS Holdings, Inc. (NYSE:PRO)

Sei Investments Co. lowered its stake in PROS Holdings, Inc. (NYSE:PRO - Free Report) by 36.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 154,532 shares of the software maker's stock after selling 90,526 shares during the quarter. Sei Investments Co. owned approximately 0.33% of PROS worth $3,394,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PRO. Barclays PLC increased its position in shares of PROS by 345.4% during the 3rd quarter. Barclays PLC now owns 238,382 shares of the software maker's stock worth $4,415,000 after purchasing an additional 184,856 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in PROS by 262.2% during the third quarter. Point72 Asset Management L.P. now owns 31,638 shares of the software maker's stock worth $586,000 after buying an additional 22,903 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in PROS during the third quarter worth $17,921,000. JPMorgan Chase & Co. lifted its stake in PROS by 570.6% in the third quarter. JPMorgan Chase & Co. now owns 397,424 shares of the software maker's stock valued at $7,360,000 after acquiring an additional 338,158 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of PROS by 11.1% in the 4th quarter. US Bancorp DE now owns 18,500 shares of the software maker's stock valued at $406,000 after acquiring an additional 1,841 shares during the period. Institutional investors own 94.27% of the company's stock.

PROS Trading Up 1.1 %

Shares of NYSE:PRO traded up $0.16 on Tuesday, reaching $15.20. 1,017,368 shares of the company's stock were exchanged, compared to its average volume of 504,534. PROS Holdings, Inc. has a twelve month low of $14.81 and a twelve month high of $38.31. The company has a fifty day moving average of $22.71 and a 200-day moving average of $22.00. The company has a market capitalization of $726.71 million, a price-to-earnings ratio of -34.55 and a beta of 1.04.

PROS (NYSE:PRO - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.15). As a group, equities research analysts forecast that PROS Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Insider Buying and Selling

In other PROS news, CAO Scott William Cook sold 5,000 shares of the company's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $29.84, for a total transaction 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 represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PRO shares. KeyCorp raised their target price on shares of PROS from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Oppenheimer downgraded PROS from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 16th. Needham & Company LLC restated a "buy" rating and issued a $30.00 price target on shares of PROS in a research note on Friday, February 7th. Robert W. Baird reduced their price objective on shares of PROS from $30.00 to $27.00 and set an "outperform" rating for the company in a research report on Tuesday. Finally, Stifel Nicolaus increased their price objective on shares of PROS from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, February 7th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $31.63.

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.