Stock analysts at Avondale Partners assumed coverage on shares of The Providence Service Corp. (NASDAQ:PRSC) in a note issued to investors on Tuesday. The firm set a “market perform” rating on the stock.

Several other analysts have also issued reports on PRSC. Zacks Investment Research upgraded shares of The Providence Service Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. TheStreet upgraded shares of The Providence Service Corp. from a “hold” rating to a “buy” rating in a research report on Monday, October 3rd.

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

In other The Providence Service Corp. news, Director David A. Coulter purchased 4,225 shares of the firm’s stock in a transaction dated Friday, September 16th. The shares were purchased at an average cost of $47.29 per share, with a total value of $199,800.25. Following the completion of the purchase, the director now 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 the SEC website. Also, CFO David Casey Shackelton purchased 2,000 shares of the firm’s stock in a transaction dated Friday, September 2nd. The stock was acquired at an average cost of $46.85 per share, for a total transaction of $93,700.00. Following the completion of the purchase, the chief financial officer now owns 13,319 shares of the company’s stock, valued at approximately $623,995.15. The disclosure for this purchase can be found here. 14.40% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of PRSC. Capital Fund Management S.A. acquired a new position in The Providence Service Corp. during the second quarter valued at $211,000. American Century Companies Inc. increased its position in The Providence Service Corp. by 31.8% in the second quarter. American Century Companies Inc. now owns 277,000 shares of the company’s stock valued at $12,432,000 after buying an additional 66,841 shares in the last quarter. Strs Ohio increased its position in The Providence Service Corp. by 8.9% in the second quarter. Strs Ohio now owns 15,900 shares of the company’s stock valued at $713,000 after buying an additional 1,300 shares in the last quarter. New York State Teachers Retirement System increased its position in 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. Finally, Palo Capital Inc. increased its position in 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. 97.25% of the stock is currently owned by hedge funds and other institutional investors.

About The Providence Service Corp.

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

Receive News & Stock Ratings for The Providence Service Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Providence Service Corp. and related stocks with our FREE daily email newsletter.