Insider Selling: Herman Mark Schwarz Sells 7,000 Shares of The Providence Service Corp. Stock (PRSC)
The Providence Service Corp. (NASDAQ:PRSC) CEO Herman Mark Schwarz sold 7,000 shares of The Providence Service Corp. stock on the open market in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $27.90, for a total transaction of $195,300.00. Following the transaction, the chief executive officer now directly owns 58,884 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on PRSC. Analysts at TheStreet downgraded shares of The Providence Service Corp. (NASDAQ:PRSC) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, August 21st. Separately, analysts at Noble Financial raised their price target on shares of The Providence Service Corp. (NASDAQ:PRSC) from $26.00 to $33.00 in a research note to investors on Friday, August 9th. They now have a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of The Providence Service Corp. (NASDAQ:PRSC) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, July 10th. They now have a $32.10 price target on the stock.
Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $28.28.
The Providence Service Corp. (NASDAQ:PRSC) traded down 0.68% during mid-day trading on Friday, hitting $27.79. The stock had a trading volume of 24,987 shares. The Providence Service Corp. has a 52-week low of $9.70 and a 52-week high of $31.31. The stock has a 50-day moving average of $28.10 and a 200-day moving average of $23.79. The company has a market cap of $371.9 million and a price-to-earnings ratio of 22.33.
The Providence Service Corp. (NASDAQ:PRSC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.09. The company had revenue of $287.60 million for the quarter, compared to the consensus estimate of $282.45 million. During the same quarter last year, the company posted $0.11 earnings per share. The Providence Service Corp.’s revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that The Providence Service Corp. will post $1.56 earnings per share for the current fiscal year.
The Providence Service Corporation provides and manages government sponsored social services and non-emergency transportation services.
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