Dorsey Wright & Associates Buys Shares of 127,545 Pearson, PLC (NYSE:PSO)

Dorsey Wright & Associates bought a new position in Pearson, PLC (NYSE:PSO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 127,545 shares of the company's stock, valued at approximately $2,042,000.

Several other large investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its holdings in Pearson by 49.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 844,228 shares of the company's stock worth $13,609,000 after buying an additional 279,369 shares in the last quarter. Northern Trust Corp boosted its position in Pearson by 69.0% during the fourth quarter. Northern Trust Corp now owns 705,622 shares of the company's stock worth $11,375,000 after acquiring an additional 288,114 shares during the last quarter. Optiver Holding B.V. grew its position in shares of Pearson by 135.5% in the fourth quarter. Optiver Holding B.V. now owns 495,797 shares of the company's stock valued at $7,992,000 after purchasing an additional 285,234 shares during the period. Mariner LLC increased its stake in shares of Pearson by 6.7% during the 4th quarter. Mariner LLC now owns 200,241 shares of the company's stock valued at $3,228,000 after acquiring an additional 12,515 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Pearson by 20.6% during the fourth quarter. Bank of America Corp DE now owns 190,405 shares of the company's stock worth $3,069,000 after purchasing an additional 32,574 shares during the last quarter. 2.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PSO. Wall Street Zen downgraded Pearson from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 27th. The Goldman Sachs Group initiated coverage on Pearson in a report on Wednesday, March 26th. They set a "buy" rating for the company. Finally, BNP Paribas upgraded shares of Pearson from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th.

Pearson Stock Down 1.2%

NYSE PSO traded down $0.18 on Thursday, reaching $14.26. The company had a trading volume of 576,054 shares, compared to its average volume of 618,424. The firm has a 50-day moving average of $15.03 and a 200-day moving average of $15.78. The firm has a market capitalization of $9.31 billion, a PE ratio of 15.16, a P/E/G ratio of 2.54 and a beta of 0.56. Pearson, PLC has a 1 year low of $13.10 and a 1 year high of $17.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.85 and a quick ratio of 1.80.

About Pearson

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.