Insider Selling: The Providence Service Director Sells 12,051 Shares of Stock (PRSC)
The Providence Service (NASDAQ:PRSC) Director Kristi Meints sold 12,051 shares of the stock on the open market in a transaction dated Monday, June 9th. The stock was sold at an average price of $38.07, for a total value of $458,781.57. Following the sale, the director now directly owns 55,024 shares in the company, valued at approximately $2,094,764. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of The Providence Service (NASDAQ:PRSC) traded down 0.73% during mid-day trading on Tuesday, hitting $37.85. 45,121 shares of the company’s stock traded hands. The Providence Service has a 52-week low of $23.91 and a 52-week high of $43.35. The stock has a 50-day moving average of $39.6 and a 200-day moving average of $31.40. The company has a market cap of $528.4 million and a price-to-earnings ratio of 27.98.
The Providence Service (NASDAQ:PRSC) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $289.40 million for the quarter, compared to the consensus estimate of $282.65 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts predict that The Providence Service will post $1.63 earnings per share for the current fiscal year.
A number of research firms have recently commented on PRSC. Analysts at Noble Financial raised their price target on shares of The Providence Service from $47.00 to $48.00 in a research note on Friday, May 9th. Separately, analysts at Zacks upgraded shares of The Providence Service from a “neutral” rating to an “outperform” rating in a research note on Monday, April 7th. They now have a $44.10 price target on the stock. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The Providence Service has an average rating of “Buy” and a consensus target price of $41.37.
The Providence Service Corporation provides and manages government sponsored social services and non-emergency transportation services.
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