Insider Selling: PAREXEL International VP Sells 6,075 Shares of Stock (PRXL)
PAREXEL International (NASDAQ:PRXL) VP Gadi Saarony unloaded 6,075 shares of the stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $57.78, for a total value of $351,013.50. Following the completion of the transaction, the vice president now directly owns 8,700 shares in the company, valued at approximately $502,686. 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 PRXL shares. 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 issued a buy rating to the company. PAREXEL International currently has an average rating of “Buy” and a consensus price target of $56.63.
PAREXEL International (NASDAQ:PRXL) traded down 0.89% on Thursday, hitting $56.97. 331,090 shares of the company’s stock traded hands. PAREXEL International has a 52 week low of $37.53 and a 52 week high of $58.47. The stock’s 50-day moving average is $54.80 and its 200-day moving average is $52.29. The company has a market cap of $3.240 billion and a P/E ratio of 25.55.
PAREXEL International (NASDAQ:PRXL) last issued its quarterly earnings data 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.
PAREXEL International Corporation (NASDAQ:PRXL), PAREXEL Consulting and Medical Communications Services (PCMS) and Perceptive Informatics, Inc (Perceptive).
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