Phoenix Education Partners, Inc. (NYSE:PXED) to Issue Quarterly Dividend of $0.23

Key Points

• Phoenix Education Partners raised its quarterly dividend 9.5% to $0.23 per share, equivalent to $0.92 annually and a 4.8% yield. Shareholders of record November 13 are scheduled to be paid November 27.
• The company reported quarterly earnings of $1.07 per share, matching analysts’ expectations, on revenue of $260.68 million. Analysts forecast full-year earnings of $3.76 per share.
• Insider John Woods sold 19,453 shares for about $504,000 under a pre-arranged plan; the article says the sale covered tax withholding tied to vested equity awards.

Phoenix Education Partners, Inc. (NYSE:PXED - Get Free Report) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Friday, November 13th will be given a dividend of $0.23 per share on Friday, November 27th. This represents a $0.92 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, November 13th. This is a 9.5% increase from Phoenix Education Partners's previous quarterly dividend of $0.21.

Phoenix Education Partners Price Performance

Shares of NYSE:PXED opened at $19.19 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.10 and a current ratio of 2.10. The business's fifty day moving average price is $25.13 and its two-hundred day moving average price is $28.58. Phoenix Education Partners has a one year low of $18.80 and a one year high of $35.90. The stock has a market cap of $703.74 million and a PE ratio of 8.38.

Phoenix Education Partners (NYSE:PXED - Get Free Report) last issued its earnings results on Tuesday, November 3rd. The company reported $1.07 earnings per share for the quarter, hitting analysts' consensus estimates of $1.07. The firm had revenue of $260.68 million during the quarter. Phoenix Education Partners had a net margin of 8.74% and a return on equity of 55.76%. On average, analysts forecast that Phoenix Education Partners will post 3.76 EPS for the current fiscal year.

Insider Activity at Phoenix Education Partners

In other news, insider John Woods sold 19,453 shares of Phoenix Education Partners stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $25.89, for a total value of $503,638.17. Following the transaction, the insider owned 62,682 shares of the company's stock, valued at $1,622,836.98. This trade represents a 23.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 20,703 shares of company stock valued at $534,904 over the last 90 days. Company insiders own 5.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in Phoenix Education Partners by 48.3% in the 2nd quarter. Wellington Management Group LLP now owns 743,112 shares of the company's stock worth $24,411,000 after acquiring an additional 241,997 shares during the period. Heartland Advisors Inc. grew its position in shares of Phoenix Education Partners by 532.3% in the third quarter. Heartland Advisors Inc. now owns 461,575 shares of the company's stock valued at $11,738,000 after purchasing an additional 388,570 shares during the last quarter. BlackRock Inc. bought a new position in shares of Phoenix Education Partners in the second quarter worth about $12,620,000. Public Sector Pension Investment Board bought a new position in shares of Phoenix Education Partners in the third quarter worth about $6,012,000. Finally, Royce & Associates LP acquired a new position in shares of Phoenix Education Partners during the 3rd quarter worth about $2,172,000.

About Phoenix Education Partners

Phoenix Education Partners, Inc. is a higher education company focused on serving working adults and other nontraditional students. Through the University of Phoenix, its principal operating institution, the company provides career-oriented undergraduate and graduate degree programs, professional certificates, and other educational offerings. The University of Phoenix primarily delivers instruction through online learning, with programs designed to offer flexible scheduling for students balancing education with employment and other responsibilities.

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