State of Alaska Department of Revenue increased its position in The Providence Service Corporation (NASDAQ:PRSC) by 79.3% during the second quarter, Holdings Channel reports. The firm owned 2,385 shares of the company’s stock after buying an additional 1,055 shares during the period. State of Alaska Department of Revenue’s holdings in The Providence Service Corporation were worth $120,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Kestrel Investment Management Corp bought a new stake in shares of The Providence Service Corporation during the first quarter worth about $6,004,000. Prudential Financial Inc. raised 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 during the period. Dimensional Fund Advisors LP raised 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 during the period. Ameriprise Financial Inc. raised its stake in shares of The Providence Service Corporation by 45.7% in the first quarter. Ameriprise Financial Inc. now owns 93,180 shares of the company’s stock worth $4,141,000 after buying an additional 29,215 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of The Providence Service Corporation by 101.4% in the first quarter. Goldman Sachs Group Inc. now owns 50,315 shares of the company’s stock worth $2,236,000 after buying an additional 25,327 shares during the period. 92.89% of the stock is currently owned by institutional investors.

The Providence Service Corporation (NASDAQ PRSC) traded up 0.51% on Friday, reaching $49.51. The company had a trading volume of 80,877 shares. The firm has a 50 day moving average price of $50.46 and a 200-day moving average price of $45.49. The Providence Service Corporation has a 12 month low of $34.89 and a 12 month high of $54.99. The stock has a market capitalization of $668.43 million, a price-to-earnings ratio of 10.31 and a beta of 0.95.

The Providence Service Corporation (NASDAQ:PRSC) last posted its earnings results on Tuesday, August 8th. The company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.10. The firm had revenue of $407.98 million for the quarter, compared to analyst estimates of $392.71 million. The Providence Service Corporation had a return on equity of 6.94% and a net margin of 4.11%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. Analysts forecast that The Providence Service Corporation will post $1.39 earnings per share for the current fiscal year.

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PRSC has been the topic of a number of recent analyst reports. ValuEngine raised The Providence Service Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered The Providence Service Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. BidaskClub lowered The Providence Service Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Barrington Research upped their price target on The Providence Service Corporation from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $55.50.

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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Institutional Ownership by Quarter for The Providence Service Corporation (NASDAQ:PRSC)

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