Insider Selling: Mark A. Goldberg Sells 16,761 Shares of PAREXEL International Stock (PRXL)
PAREXEL International (NASDAQ:PRXL) COO Mark A. Goldberg unloaded 16,761 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $56.33, for a total transaction of $944,147.13. Following the completion of the transaction, the chief operating officer now directly owns 105,088 shares in the company, valued at approximately $5,919,607. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
PAREXEL International (NASDAQ:PRXL) traded down 0.23% during mid-day trading on Monday, hitting $57.37. 16,520 shares of the company’s stock traded hands. PAREXEL International has a 1-year low of $37.53 and a 1-year high of $58.47. The stock’s 50-day moving average is $54. and its 200-day moving average is $52.07. The company has a market cap of $3.263 billion and a price-to-earnings ratio of 25.56.
PAREXEL International (NASDAQ:PRXL) last announced its earnings results on Thursday, August 7th. The company reported $0.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.03. The company had revenue of $510.60 million for the quarter, compared to the consensus estimate of $508.99 million. During the same quarter last year, the company posted $0.50 earnings per share. PAREXEL International’s revenue was up 10.3% compared to the same quarter last year. Analysts expect that PAREXEL International will post $2.69 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Sterne Agee raised their price target on shares of PAREXEL International from $36.00 to $42.00 in a research note on Friday, August 8th. Separately, analysts at Robert W. Baird raised their price target on shares of PAREXEL International from $64.00 to $66.00 in a research note on Thursday, August 7th. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of PAREXEL International from $58.00 to $59.00 in a research note on Thursday, August 7th. They now have a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $56.63.
PAREXEL International Corporation (NASDAQ:PRXL), PAREXEL Consulting and Medical Communications Services (PCMS) and Perceptive Informatics, Inc (Perceptive).
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