The Providence Service Co. (NASDAQ:PRSC) Director Richard A. Kerley sold 667 shares of The Providence Service stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $70.89, for a total transaction of $47,283.63. Following the sale, the director now owns 31,836 shares in the company, valued at $2,256,854.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
The Providence Service stock opened at $71.74 on Friday. The Providence Service Co. has a 52-week low of $42.99 and a 52-week high of $74.49. The company has a market cap of $924.08, a price-to-earnings ratio of 43.48 and a beta of 0.80.
The Providence Service (NASDAQ:PRSC) last released its quarterly earnings results on Thursday, March 8th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.30. The Providence Service had a net margin of 2.58% and a return on equity of 7.53%. The firm had revenue of $406.90 million during the quarter, compared to analyst estimates of $405.94 million. During the same quarter last year, the business earned $0.33 EPS. The company’s revenue was up 5.5% compared to the same quarter last year.
Several equities research analysts recently commented on the stock. BidaskClub upgraded shares of The Providence Service from a “hold” rating to a “buy” rating in a research report on Friday, March 23rd. ValuEngine upgraded shares of The Providence Service from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research upgraded shares of The Providence Service from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $67.00.
A number of institutional investors have recently added to or reduced their stakes in PRSC. Neumeier Poma Investment Counsel LLC raised its holdings in The Providence Service by 68.0% during the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 369,470 shares of the company’s stock worth $19,981,000 after purchasing an additional 149,500 shares during the last quarter. Renaissance Technologies LLC raised its holdings in The Providence Service by 7.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,002,700 shares of the company’s stock worth $59,500,000 after purchasing an additional 70,900 shares during the last quarter. American Century Companies Inc. raised its holdings in The Providence Service by 25.5% during the 4th quarter. American Century Companies Inc. now owns 297,985 shares of the company’s stock worth $17,682,000 after purchasing an additional 60,471 shares during the last quarter. Millennium Management LLC raised its holdings in The Providence Service by 539.6% during the 4th quarter. Millennium Management LLC now owns 51,525 shares of the company’s stock worth $3,057,000 after purchasing an additional 43,469 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in The Providence Service by 14.1% during the 4th quarter. Deutsche Bank AG now owns 243,445 shares of the company’s stock worth $14,443,000 after purchasing an additional 30,140 shares during the last quarter. Hedge funds and other institutional investors own 97.66% of the company’s stock.
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About The Providence Service
The Providence Service Corporation (Providence) is a holding company. The Company, through its subsidiaries, is engaged in the provision of healthcare and workforce development services for public and private sector entities. The Company’s segments include Non-Emergency Transportation Services (NET Services), Workforce Development Services (WD Services) and Matrix Investment.
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