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Stock Market & Financial Investment News

News Breaks
June 2, 2014
16:11 EDTPRXLPAREXEL authorizes repurchase of up to $150M of common stock
PAREXEL International announced that its board of directors has approved a stock repurchase program authorizing the repurchase of up to $150M of the company's common stock. There is no set expiration date for the program. The company intends to use cash on hand, cash generated from operations, existing credit facilities or other financing to fund the share repurchase program. As of March 31, the company had cash and cash equivalents of approximately $299M and availability under an existing line of credit of $290M.
News For PRXL From The Last 14 Days
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November 21, 2014
08:01 EDTPRXLPAREXEL revenue guidance looks 'aggressive,' says Jefferies
Jefferies views PAREXEL's 2015 revenue guidance as "aggressive" saying the company's backlog conversion must accelerate faster than 2014 levels just to hit the low end of the outlook. The firm keeps a Hold rating on the stock with a $57 price target.

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