The Providence Service Corp. (NASDAQ:PRSC) Director David A. Coulter bought 4,225 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were bought at an average cost of $47.29 per share, for a total transaction of $199,800.25. Following the purchase, the director now directly owns 6,159 shares in the company, valued at approximately $291,259.11. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of The Providence Service Corp. (NASDAQ:PRSC) opened at 47.66 on Wednesday. The company’s 50-day moving average is $46.12 and its 200 day moving average is $48.08. The company has a market cap of $691.02 million, a price-to-earnings ratio of 11.59 and a beta of 0.99. The Providence Service Corp. has a 1-year low of $41.80 and a 1-year high of $56.92.

The Providence Service Corp. (NASDAQ:PRSC) last announced its earnings results on Monday, August 1st. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.05. The Providence Service Corp. had a net margin of 3.51% and a return on equity of 10.13%. The business had revenue of $450.60 million for the quarter, compared to the consensus estimate of $433.38 million. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts anticipate that The Providence Service Corp. will post $2.58 EPS for the current year.

Large investors have recently made changes to their positions in the stock. New York State Teachers Retirement System increased its stake in shares of The Providence Service Corp. by 10.4% in the second quarter. New York State Teachers Retirement System now owns 9,538 shares of the company’s stock valued at $428,000 after buying an additional 900 shares in the last quarter. Palo Capital Inc. increased its stake in shares of The Providence Service Corp. by 109.8% in the second quarter. Palo Capital Inc. now owns 9,090 shares of the company’s stock valued at $408,000 after buying an additional 4,757 shares in the last quarter. Eagle Boston Investment Management Inc. increased its stake in shares of The Providence Service Corp. by 2.9% in the second quarter. Eagle Boston Investment Management Inc. now owns 215,697 shares of the company’s stock valued at $9,680,000 after buying an additional 6,138 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of The Providence Service Corp. by 84.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,832 shares of the company’s stock valued at $172,000 after buying an additional 1,756 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of The Providence Service Corp. by 4.9% in the first quarter. Arizona State Retirement System now owns 6,485 shares of the company’s stock valued at $331,000 after buying an additional 300 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research lowered shares of The Providence Service Corp. from a “hold” rating to a “sell” rating in a research note on Friday, September 2nd.

The Providence Service Corp. Company Profile

The Providence Service Corporation is a holding company. The Company, through its subsidiaries, provides critical healthcare and workforce development services. It operates in over two industry sectors, including the United States healthcare and global workforce development, through its three operating segments: Non-Emergency Transportation Services (NET Services), Workforce Development Services (WD Services) and Health Assessment Services (HA Services).

5 Day Chart for NASDAQ:PRSC

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