Sei Investments Co. Sells 90,526 Shares of PROS Holdings, Inc. (NYSE:PRO)

Sei Investments Co. cut its stake in shares of PROS Holdings, Inc. (NYSE:PRO) by 36.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 154,532 shares of the software maker’s stock after selling 90,526 shares during the quarter. Sei Investments Co. owned about 0.33% of PROS worth $3,394,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC purchased a new position in PROS in the third quarter worth about $204,000. Quadrature Capital Ltd raised its holdings in PROS by 19.3% in the 3rd quarter. Quadrature Capital Ltd now owns 12,589 shares of the software maker’s stock worth $233,000 after acquiring an additional 2,034 shares during the last quarter. Natixis Advisors LLC bought a new position in PROS in the 4th quarter valued at approximately $237,000. Paloma Partners Management Co purchased a new stake in PROS during the 3rd quarter valued at $252,000. Finally, Aigen Investment Management LP bought a new stake in shares of PROS in the 4th quarter worth $252,000. 94.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other PROS news, CAO Scott William Cook sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $29.84, for a total value of $149,200.00. Following the sale, the chief accounting officer now directly owns 59,159 shares of the company’s stock, valued at approximately $1,765,304.56. This trade represents a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is owned by insiders.

PROS Stock Performance

Shares of PROS stock opened at $18.16 on Friday. The company has a market capitalization of $863.60 million, a PE ratio of -41.26 and a beta of 1.14. The company has a 50-day simple moving average of $23.42 and a two-hundred day simple moving average of $22.05. PROS Holdings, Inc. has a one year low of $16.64 and a one year high of $38.71.

PROS (NYSE:PRO) last released its quarterly earnings results on Thursday, February 6th. The software maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.15). On average, equities analysts predict that PROS Holdings, Inc. will post -0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Oppenheimer downgraded PROS from an “outperform” rating to a “market perform” rating in a report on Thursday, January 16th. Robert W. Baird lifted their price target on shares of PROS from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Stifel Nicolaus boosted their price objective on shares of PROS from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 7th. KeyCorp raised their target price on shares of PROS from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $30.00 target price on shares of PROS in a research note on Friday, February 7th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, PROS has an average rating of “Moderate Buy” and an average target price of $32.00.

About PROS

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.