Insider Selling: PAREXEL International Corp. COO Unloads 6,957 Shares of Stock (PRXL)
PAREXEL International Corp. (NASDAQ:PRXL) COO Mark A. Goldberg unloaded 6,957 shares of the stock on the open market in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $48.90, for a total transaction of $340,197.30. Following the transaction, the chief operating officer now directly owns 118,617 shares in the company, valued at approximately $5,800,371. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of PAREXEL International Corp. (NASDAQ:PRXL) traded down 0.51% during mid-day trading on Tuesday, hitting $46.69. 510,132 shares of the company’s stock traded hands. PAREXEL International Corp. has a 1-year low of $31.23 and a 1-year high of $55.02. The stock has a 50-day moving average of $43.15 and a 200-day moving average of $47.28. The company has a market cap of $2.638 billion and a P/E ratio of 25.84.
PAREXEL International Corp. (NASDAQ:PRXL) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.45 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.45. The company had revenue of $449.20 million for the quarter, compared to the consensus estimate of $458.94 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. Analysts expect that PAREXEL International Corp. will post $2.03 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Thomson Reuters/Verus upgraded shares of PAREXEL International Corp. from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, December 24th. Separately, analysts at Ned Davis Research upgraded shares of PAREXEL International Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 23rd. Finally, analysts at Deutsche Bank initiated coverage on shares of PAREXEL International Corp. in a research note to investors on Wednesday, November 20th. They set a “hold” rating and a $50.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $49.90.
PAREXEL International Corporation (NASDAQ:PRXL) is a biopharmaceutical services company, providing a range of expertise in clinical research, medical communications, consulting, and advanced technology products and services to the worldwide pharmaceutical, biotechnology, and medical device industries.
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