Todays Report: Today, 92,696 Shares of Parexel International Corp. (PRXL) are sold by Wells Fargo & Company MN

Today, 92,696 Shares of Parexel International Corp. (PRXL) are sold by Wells Fargo & Company MN

Wells Fargo & Company MN reduced its position in shares of Parexel International Corp. (NASDAQ:PRXL) by 28.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 231,587 shares of the company’s stock after selling 92,696 shares during the period. Wells Fargo & Company MN owned about 0.44% of Parexel International Corp. worth $16,084,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP increased its position in shares of Parexel International Corp. by 644.3% in the second quarter. Quantbot Technologies LP now owns 1,630 shares of the company’s stock worth $102,000 after buying an additional 1,411 shares during the period. MSI Financial Services Inc increased its position in shares of Parexel International Corp. by 17.4% in the third quarter. MSI Financial Services Inc now owns 1,690 shares of the company’s stock worth $117,000 after buying an additional 250 shares during the period. Robecosam AG increased its position in shares of Parexel International Corp. by 40.1% in the second quarter. Robecosam AG now owns 2,200 shares of the company’s stock worth $132,000 after buying an additional 630 shares during the period. Paradigm Asset Management Co. LLC increased its position in shares of Parexel International Corp. by 683.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,350 shares of the company’s stock worth $148,000 after buying an additional 2,050 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of Parexel International Corp. by 3,367.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,843 shares of the company’s stock worth $179,000 after buying an additional 2,761 shares during the period. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Parexel International Corp. (NASDAQ:PRXL) traded up 0.64% during trading on Friday, hitting $58.53. The company had a trading volume of 374,710 shares. Parexel International Corp. has a one year low of $51.16 and a one year high of $71.13. The stock has a 50-day moving average of $61.58 and a 200-day moving average of $64.13. The stock has a market capitalization of $3.12 billion, a PE ratio of 18.75 and a beta of 0.91.

Parexel International Corp. (NASDAQ:PRXL) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by $0.10. The business had revenue of $500.90 million for the quarter, compared to analyst estimates of $525.15 million. Parexel International Corp. had a return on equity of 30.71% and a net margin of 7.09%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 EPS. On average, equities analysts anticipate that Parexel International Corp. will post $3.75 EPS for the current year.

A number of brokerages have commented on PRXL. Wells Fargo & Co. downgraded Parexel International Corp. from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Evercore ISI restated a “buy” rating and issued a $78.50 target price (up previously from $71.00) on shares of Parexel International Corp. in a research note on Friday, August 5th. Citigroup Inc. upped their price target on Parexel International Corp. from $74.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Credit Suisse Group AG reiterated a “buy” rating on shares of Parexel International Corp. in a research note on Wednesday, November 16th. Finally, Jefferies Group decreased their price target on Parexel International Corp. from $67.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $66.70.

Parexel International Corp. Company Profile

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