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The Providence Service (NASDAQ:PRSC) CEO Warren Rustand sold 40,000 shares of the company’s stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $43.34, for a total value of $1,733,600.00. Following the completion of the sale, the chief executive officer now directly owns 26,830 shares of the company’s stock, valued at approximately $1,162,812. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on PRSC shares. Analysts at Zacks upgraded shares of The Providence Service from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $48.20 price target on the stock. Analysts at Noble Financial raised their price target on shares of The Providence Service from $48.00 to $62.00 in a research note on Friday, August 8th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $47.40.

Shares of The Providence Service (NASDAQ:PRSC) traded up 3.17% on Wednesday, hitting $43.59. The stock had a trading volume of 76,896 shares. The Providence Service has a 52 week low of $23.91 and a 52 week high of $47.90. The stock has a 50-day moving average of $39.38 and a 200-day moving average of $35.5. The company has a market cap of $646.4 million and a P/E ratio of 30.93.

The Providence Service (NASDAQ:PRSC) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.03. The company had revenue of $344.00 million for the quarter, compared to the consensus estimate of $315.16 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 19.6% on a year-over-year basis. Analysts expect that The Providence Service will post $1.96 EPS 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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