Alambic Investment Management L.P. Acquires New Position in PAREXEL International Co. (PRXL)

Alambic Investment Management L.P. purchased a new position in PAREXEL International Co. (NASDAQ:PRXL) during the first quarter, Holdings Channel reports. The firm purchased 23,430 shares of the medical research company’s stock, valued at approximately $1,479,000.

Several other hedge funds and other institutional investors have also modified their holdings of PRXL. Meadow Creek Investment Management LLC raised its position in shares of PAREXEL International by 7.1% in the first quarter. Meadow Creek Investment Management LLC now owns 1,980 shares of the medical research company’s stock worth $125,000 after buying an additional 132 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in shares of PAREXEL International by 7.1% in the first quarter. Glen Harbor Capital Management LLC now owns 2,520 shares of the medical research company’s stock worth $159,000 after buying an additional 168 shares in the last quarter. Elkfork Partners LLC acquired a new position in shares of PAREXEL International during the fourth quarter worth $188,000. Sawtooth Solutions LLC raised its position in shares of PAREXEL International by 12.3% in the first quarter. Sawtooth Solutions LLC now owns 3,441 shares of the medical research company’s stock worth $217,000 after buying an additional 376 shares in the last quarter. Finally, Sapphire Star Partners LP acquired a new position in shares of PAREXEL International during the fourth quarter worth $230,000. 91.44% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for PAREXEL International (NASDAQ:PRXL)

PAREXEL International Co. (NASDAQ:PRXL) traded down 0.04% during mid-day trading on Friday, hitting $79.15. The stock had a trading volume of 537,989 shares. PAREXEL International Co. has a one year low of $51.16 and a one year high of $80.20. The stock has a market cap of $4.02 billion, a PE ratio of 34.79 and a beta of 0.82. The firm’s 50-day moving average is $66.53 and its 200 day moving average is $64.61.

PAREXEL International (NASDAQ:PRXL) last issued its earnings results on Wednesday, May 3rd. The medical research company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $529.30 million during the quarter, compared to analyst estimates of $529.38 million. PAREXEL International had a net margin of 6.34% and a return on equity of 29.92%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS. Equities research analysts expect that PAREXEL International Co. will post $3.24 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Alambic Investment Management L.P. Acquires New Position in PAREXEL International Co. (PRXL)” was first reported by Mideast Time and is owned by of Mideast Time. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.mideasttime.com/alambic-investment-management-l-p-acquires-new-position-in-parexel-international-co-prxl/1708404.html.

A number of research analysts have weighed in on the company. Deutsche Bank AG lowered PAREXEL International from a “hold” rating to a “sell” rating and reduced their price target for the stock from $66.00 to $53.00 in a research note on Friday, February 3rd. Citigroup Inc lowered PAREXEL International from a “buy” rating to a “neutral” rating in a research note on Friday, February 3rd. Zacks Investment Research lowered PAREXEL International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 7th. Credit Suisse Group AG lowered PAREXEL International from an “outperform” rating to a “neutral” rating in a research note on Monday, February 6th. Finally, Jefferies Group LLC increased their price target on PAREXEL International from $64.00 to $67.00 and gave the stock a “hold” rating in a research note on Tuesday, January 24th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $71.82.

In other PAREXEL International news, SVP Sybrand Pretorius sold 8,050 shares of PAREXEL International stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $65.12, for a total transaction of $524,216.00. Following the completion of the sale, the senior vice president now owns 9,950 shares of the company’s stock, valued at approximately $647,944. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.90% of the company’s stock.

About PAREXEL International

PAREXEL International Corporation (PAREXEL) is a biopharmaceutical outsourcing services company. The Company provides a range of expertise in clinical research, clinical logistics, medical communications, consulting, commercialization, and technology products and services to pharmaceutical, biotechnology and medical device industries.

5 Day Chart for NASDAQ:PRXL

Want to see what other hedge funds are holding PRXL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PAREXEL International Co. (NASDAQ:PRXL).

Receive News & Ratings for PAREXEL International Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PAREXEL International Co. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.