Aberdeen Asset Management Plcuk buys $66,241,146 stake in PAREXEL International Corporation (PRXL)

PAREXEL International Corporation (PRXL) : Aberdeen Asset Management Plcuk scooped up 201,812 additional shares in PAREXEL International Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 998,811 shares of PAREXEL International Corporation which is valued at $66,241,146.PAREXEL International Corporation makes up approximately 0.24% of Aberdeen Asset Management Plcuk’s portfolio.

Other Hedge Funds, Including , Ngam Advisors boosted its stake in PRXL in the latest quarter, The investment management firm added 608 additional shares and now holds a total of 19,985 shares of PAREXEL International Corporation which is valued at $1,325,405. PAREXEL International Corporation makes up approx 0.02% of Ngam Advisors’s portfolio.Old Mutual Global Investors (uk) Ltd. boosted its stake in PRXL in the latest quarter, The investment management firm added 46,800 additional shares and now holds a total of 80,766 shares of PAREXEL International Corporation which is valued at $5,265,136. PAREXEL International Corporation makes up approx 0.09% of Old Mutual Global Investors (uk) Ltd.’s portfolio. Lasalle Street Capital Management added PRXL to its portfolio by purchasing 3,235 company shares during the most recent quarter which is valued at $211,084. PAREXEL International Corporation makes up approx 0.20% of Lasalle Street Capital Management’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in PRXL in the latest quarter, The investment management firm added 23,708 additional shares and now holds a total of 23,749 shares of PAREXEL International Corporation which is valued at $1,572,184. PAREXEL International Corporation makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

PAREXEL International Corporation opened for trading at $68.3 and hit $69.63 on the upside on Thursday, eventually ending the session at $69.37, with a gain of 4.60% or 3.05 points. The heightened volatility saw the trading volume jump to 6,50,493 shares. Company has a market cap of $3,669 M.

On the company’s financial health, PAREXEL International Corporation reported $0.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.93. The company had revenue of $538.60 million for the quarter, compared to analysts expectations of $532.59 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Many Wall Street Analysts have commented on PAREXEL International Corporation. Credit Suisse Initiated PAREXEL International Corporation on Jun 21, 2016 to “Outperform”, Price Target of the shares are set at $75.

PAREXEL International Corporation (PAREXEL) is a biopharmaceutical outsourcing services company which provides a range of expertise in clinical research clinical logistics medical communications consulting commercialization and advanced technology products and services to the pharmaceutical biotechnology and medical device industries across the world. The Company operates through three segments: Clinical Research Services PAREXEL Consulting Services and PAREXEL Informatics. Its product and service offerings include clinical trials management data management epidemiology health economics/outcomes research pharmacovigilance medical communications clinical pharmacology patient recruitment clinical supply and drug logistics post-marketing surveillance medical imaging services electronic data capture systems clinical trial management systems Web-based portals and other product development tools and services.

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