Shares of The Providence Service Corporation (NASDAQ:PRSC) have been given an average rating of “Hold” by the six analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $60.00.

PRSC has been the subject of a number of research analyst reports. ValuEngine raised shares of The Providence Service Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research lowered shares of The Providence Service Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. BidaskClub lowered shares of The Providence Service Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Barrington Research increased their price objective on shares of The Providence Service Corporation from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday.

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The Providence Service Corporation (NASDAQ PRSC) traded down 2.57% on Thursday, hitting $49.00. 32,869 shares of the company were exchanged. The stock has a market capitalization of $664.10 million, a P/E ratio of 10.25 and a beta of 0.95. The Providence Service Corporation has a 52 week low of $34.88 and a 52 week high of $54.99. The company has a 50 day moving average price of $50.38 and a 200-day moving average price of $45.38.

The Providence Service Corporation (NASDAQ:PRSC) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10. The Providence Service Corporation had a net margin of 4.11% and a return on equity of 7.04%. The business had revenue of $407.98 million during the quarter, compared to analyst estimates of $392.71 million. During the same period last year, the firm posted $0.43 EPS. The company’s revenue was up 2.5% on a year-over-year basis. On average, equities analysts expect that The Providence Service Corporation will post $1.35 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of PRSC. Kestrel Investment Management Corp purchased a new position in The Providence Service Corporation during the first quarter worth approximately $6,004,000. Wedge Capital Management L L P NC increased its stake in shares of The Providence Service Corporation by 17.0% in the second quarter. Wedge Capital Management L L P NC now owns 471,578 shares of the company’s stock worth $23,867,000 after buying an additional 68,420 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of The Providence Service Corporation by 78.0% in the first quarter. Prudential Financial Inc. now owns 108,827 shares of the company’s stock worth $4,836,000 after buying an additional 47,700 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of The Providence Service Corporation by 5.7% in the first quarter. Dimensional Fund Advisors LP now owns 874,864 shares of the company’s stock worth $38,879,000 after buying an additional 47,534 shares in the last quarter. Finally, Systematic Financial Management LP bought a new stake in shares of The Providence Service Corporation during the second quarter worth about $1,590,000. Hedge funds and other institutional investors own 92.89% of the company’s stock.

About The Providence Service Corporation

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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