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IPC The Hospitalist Company (NASDAQ:IPCM) EVP Richard G. Russell sold 2,300 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $40.34, for a total value of $92,782.00. Following the completion of the transaction, the executive vice president now directly owns 10,311 shares of the company’s stock, valued at approximately $415,946. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

IPCM has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of IPC The Hospitalist Company in a research note on Wednesday. They now have a $42.00 price target on the stock, down previously from $50.00. Separately, analysts at Wells Fargo & Co. upgraded shares of IPC The Hospitalist Company from a “market perform” rating to an “outperform” rating in a research note on Friday, April 25th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. IPC The Hospitalist Company presently has an average rating of “Hold” and a consensus target price of $52.25.

IPC The Hospitalist Company (NASDAQ:IPCM) traded up 0.54% during mid-day trading on Thursday, hitting $38.86. The stock had a trading volume of 594,276 shares. IPC The Hospitalist Company has a 52-week low of $38.13 and a 52-week high of $63.70. The stock’s 50-day moving average is $41.86 and its 200-day moving average is $50.44. The company has a market cap of $665.7 million and a price-to-earnings ratio of 16.38.

IPC The Hospitalist Company (NASDAQ:IPCM) last announced its earnings results on Wednesday, April 23rd. The company reported $0.57 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.64 by $0.07. The company had revenue of $172.73 million for the quarter, compared to the consensus estimate of $183.00 million. During the same quarter last year, the company posted $0.57 earnings per share. IPC The Hospitalist Company’s revenue was up 12.8% compared to the same quarter last year. On average, analysts predict that IPC The Hospitalist Company will post $2.40 earnings per share for the current fiscal year.

IPC The Hospitalist Company, Inc (NASDAQ:IPCM) is a provider of hospitalist services in the United States.

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