Northern Trust Corp Purchases 37,742 Shares of Adtalem Global Education Inc. $ATGE

Key Points

• Northern Trust Corp increased its stake in Adtalem Global Education Inc. by 8.0%, acquiring an additional 37,742 shares in the first quarter, bringing its total ownership to approximately $51.5 million.
• Adtalem Global Education recently reported a profit of $1.66 earnings per share for its last quarter, exceeding analysts' expectations and showing an 11.5% year-over-year revenue growth of $457.11 million.
• The company has announced a $150 million stock buyback plan which signifies that the board believes its shares may be undervalued.

Northern Trust Corp increased its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 8.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 511,966 shares of the company's stock after acquiring an additional 37,742 shares during the period. Northern Trust Corp owned about 1.37% of Adtalem Global Education worth $51,524,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fifth Third Bancorp grew its holdings in shares of Adtalem Global Education by 56.8% in the first quarter. Fifth Third Bancorp now owns 287 shares of the company's stock worth $29,000 after acquiring an additional 104 shares during the period. Financial Management Professionals Inc. bought a new stake in Adtalem Global Education during the first quarter valued at about $31,000. USA Financial Formulas grew its holdings in Adtalem Global Education by 214.9% during the first quarter. USA Financial Formulas now owns 888 shares of the company's stock valued at $89,000 after purchasing an additional 606 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings in Adtalem Global Education by 10,488.9% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 953 shares of the company's stock valued at $96,000 after purchasing an additional 944 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Adtalem Global Education by 17.5% during the first quarter. GAMMA Investing LLC now owns 1,720 shares of the company's stock valued at $173,000 after purchasing an additional 256 shares during the period. Institutional investors own 98.84% of the company's stock.

Insider Transactions at Adtalem Global Education

In other news, Director William W. Burke sold 2,291 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $128.35, for a total value of $294,049.85. Following the completion of the transaction, the director owned 9,368 shares of the company's stock, valued at $1,202,382.80. This represents a 19.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Manjunath Gangadharan sold 944 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $135.67, for a total value of $128,072.48. Following the completion of the transaction, the chief accounting officer directly owned 4,901 shares of the company's stock, valued at approximately $664,918.67. This trade represents a 16.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,004 shares of company stock valued at $7,996,144 over the last 90 days. Company insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Zacks Research lowered Adtalem Global Education from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. BMO Capital Markets boosted their price target on Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Finally, Barrington Research boosted their price target on Adtalem Global Education from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Adtalem Global Education currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.00.

Adtalem Global Education Price Performance

Shares of NYSE ATGE traded up $1.45 during mid-day trading on Tuesday, reaching $132.40. The company's stock had a trading volume of 295,672 shares, compared to its average volume of 423,922. The firm has a market capitalization of $4.76 billion, a PE ratio of 21.39, a P/E/G ratio of 1.14 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a fifty day moving average of $122.77 and a two-hundred day moving average of $115.31. Adtalem Global Education Inc. has a 52 week low of $68.60 and a 52 week high of $140.12.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.15. The firm had revenue of $457.11 million during the quarter, compared to analyst estimates of $440.93 million. Adtalem Global Education had a return on equity of 17.95% and a net margin of 13.26%.The business's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.600-7.900 EPS. As a group, sell-side analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education declared that its Board of Directors has approved a share repurchase plan on Tuesday, May 6th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to repurchase up to 3.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

Adtalem Global Education Company Profile

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.