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ITT Educational Services (NYSE:ESI) CMO Glenn E. Tanner sold 1,847 shares of the company’s stock on the open market in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $38.87, for a total value of $71,792.89. Following the completion of the transaction, the chief marketing officer now directly owns 13,096 shares of the company’s stock, valued at approximately $509,042. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

ITT Educational Services (NYSE:ESI) traded up 1.66% during mid-day trading on Friday, hitting $29.93. The stock had a trading volume of 661,094 shares. ITT Educational Services has a one year low of $11.95 and a one year high of $45.80. The stock’s 50-day moving average is $37.15 and its 200-day moving average is $33.52. The company has a market cap of $699.4 million and a P/E ratio of 11.30.

ITT Educational Services (NYSE:ESI) last posted its quarterly earnings results on Friday, January 31st. The company reported ($0.49) EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.09 by $1.58. The company had revenue of $262.90 million for the quarter, compared to the consensus estimate of $260.89 million. Analysts expect that ITT Educational Services will post $4.08 EPS for the current fiscal year.

A number of analysts have recently weighed in on ESI shares. Analysts at Deutsche Bank cut their price target on shares of ITT Educational Services from $37.00 to $30.00 in a research note to investors on Friday. Separately, analysts at Morgan Stanley upgraded shares of ITT Educational Services from an “underweight” rating to an “equal weight” rating in a research note to investors on Friday. They now have a $28.00 price target on the stock, up previously from $27.00. They noted that the move was a valuation call. Finally, analysts at Merrill Lynch upgraded shares of ITT Educational Services from a “neutral” rating to a “buy” rating in a research note to investors on Friday, January 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. ITT Educational Services presently has a consensus rating of “Hold” and a consensus price target of $33.75.

ITT Educational Services, Inc (NYSE:ESI) is a provider of postsecondary degree programs in the United States.

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