Bishop Rock Capital L.P. Acquires Shares of 55,954 PAREXEL International Co. (PRXL)

Bishop Rock Capital L.P. acquired a new position in shares of PAREXEL International Co. (NASDAQ:PRXL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 55,954 shares of the medical research company’s stock, valued at approximately $4,928,000. PAREXEL International accounts for 3.5% of Bishop Rock Capital L.P.’s holdings, making the stock its 16th largest holding. Bishop Rock Capital L.P. owned approximately 0.11% of PAREXEL International at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its position in PAREXEL International by 121.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 25,765 shares of the medical research company’s stock worth $2,239,000 after buying an additional 14,110 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of PAREXEL International by 1,905.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 149,292 shares of the medical research company’s stock worth $12,975,000 after purchasing an additional 141,849 shares during the period. Wesbanco Bank Inc. increased its position in shares of PAREXEL International by 12.0% in the second quarter. Wesbanco Bank Inc. now owns 34,068 shares of the medical research company’s stock worth $2,961,000 after purchasing an additional 3,645 shares during the period. JPMorgan Chase & Co. increased its position in shares of PAREXEL International by 1,008.1% in the second quarter. JPMorgan Chase & Co. now owns 982,186 shares of the medical research company’s stock worth $85,362,000 after purchasing an additional 893,551 shares during the period. Finally, Piedmont Investment Advisors LLC increased its position in shares of PAREXEL International by 43.3% in the second quarter. Piedmont Investment Advisors LLC now owns 21,655 shares of the medical research company’s stock worth $1,882,000 after purchasing an additional 6,543 shares during the period. Hedge funds and other institutional investors own 87.45% of the company’s stock.

PAREXEL International Co. (PRXL) opened at $88.08 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45. PAREXEL International Co. has a 12-month low of $51.16 and a 12-month high of $88.10.

Separately, Zacks Investment Research upgraded PAREXEL International from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Thursday, August 31st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. PAREXEL International presently has a consensus rating of “Hold” and an average target price of $80.76.

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PAREXEL International Profile

PAREXEL International Corporation (PAREXEL) is a biopharmaceutical outsourcing services company. The Company provides a range of expertise in clinical research, clinical logistics, medical communications, consulting, commercialization, and technology products and services to pharmaceutical, biotechnology and medical device industries.

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Institutional Ownership by Quarter for PAREXEL International (NASDAQ:PRXL)

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