Rothschild Asset Management Inc. cut its position in PAREXEL International Corporation (NASDAQ:PRXL) by 0.5% during the second quarter, Holdings Channel reports. The fund owned 153,351 shares of the medical research company’s stock after selling 807 shares during the period. Rothschild Asset Management Inc.’s holdings in PAREXEL International Corporation were worth $13,328,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PRXL. Public Employees Retirement System of Ohio increased its stake in PAREXEL International Corporation by 4.5% in the first quarter. Public Employees Retirement System of Ohio now owns 1,713 shares of the medical research company’s stock worth $108,000 after buying an additional 73 shares during the last quarter. Meadow Creek Investment Management LLC increased its stake in PAREXEL International Corporation 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 during the last quarter. Invictus RG purchased a new stake in PAREXEL International Corporation during the first quarter worth about $158,000. Glen Harbor Capital Management LLC increased its stake in PAREXEL International Corporation 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 during the last quarter. Finally, Elkfork Partners LLC increased its stake in PAREXEL International Corporation by 7.1% in the first quarter. Elkfork Partners LLC now owns 3,060 shares of the medical research company’s stock worth $193,000 after buying an additional 204 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

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A number of analysts have issued reports on the company. BidaskClub downgraded PAREXEL International Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $88.10 price objective on shares of PAREXEL International Corporation in a research note on Wednesday, June 21st. Raymond James Financial, Inc. raised PAREXEL International Corporation from an “underperform” rating to a “mkt perform” rating in a research note on Tuesday, June 20th. Mizuho lifted their price objective on PAREXEL International Corporation from $66.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, May 30th. Finally, Barclays PLC downgraded PAREXEL International Corporation from an “overweighr” rating to an “equal weight” rating and set a $87.00 price objective on the stock. in a research note on Tuesday, June 20th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. PAREXEL International Corporation presently has an average rating of “Hold” and an average price target of $74.26.

PAREXEL International Corporation Company Profile

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.

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

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