Raymond James Financial Inc. Boosts Stake in Adtalem Global Education Inc. $ATGE

Key Points

• Raymond James Financial Inc. increased its stake in Adtalem Global Education Inc. by 116.4% in Q1, now owning approximately 0.15% of the company worth $5.68 million.
• Adtalem Global Education's stock was recently rated with a "Moderate Buy" and has an average price target of $139.00 as three analysts rated it as a Buy.
• In the last ninety days, insiders sold 57,713 shares of Adtalem, with notable sales from Director Lisa W. Wardell and CAO Manjunath Gangadharan, reducing their ownership stakes by 36.96% and 16.15% respectively.

Raymond James Financial Inc. increased its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 116.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,413 shares of the company's stock after acquiring an additional 30,350 shares during the period. Raymond James Financial Inc. owned about 0.15% of Adtalem Global Education worth $5,677,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. bought a new position in shares of Adtalem Global Education during the 4th quarter valued at about $234,000. Northern Trust Corp grew its position in Adtalem Global Education by 4.9% during the fourth quarter. Northern Trust Corp now owns 474,224 shares of the company's stock valued at $43,083,000 after acquiring an additional 22,084 shares during the last quarter. Comerica Bank boosted its stake in shares of Adtalem Global Education by 13.0% in the 4th quarter. Comerica Bank now owns 45,904 shares of the company's stock valued at $4,170,000 after purchasing an additional 5,298 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Adtalem Global Education by 15.7% during the 4th quarter. Jane Street Group LLC now owns 129,732 shares of the company's stock valued at $11,786,000 after purchasing an additional 17,579 shares during the last quarter. Finally, AXA S.A. bought a new position in shares of Adtalem Global Education during the 4th quarter valued at $1,926,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, Director Lisa W. Wardell sold 25,477 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $132.38, for a total value of $3,372,645.26. Following the completion of the transaction, the director owned 43,451 shares in the company, valued at approximately $5,752,043.38. This represents a 36.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Manjunath Gangadharan sold 944 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $135.67, for a total transaction of $128,072.48. Following the sale, the chief accounting officer owned 4,901 shares in the company, 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. Over the last ninety days, insiders sold 57,713 shares of company stock worth $7,702,094. 2.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Adtalem Global Education Stock Up 1.6%

Shares of Adtalem Global Education stock opened at $134.43 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39. Adtalem Global Education Inc. has a 12-month low of $68.60 and a 12-month high of $140.12. The company has a market cap of $4.83 billion, a P/E ratio of 21.72, a PEG ratio of 1.14 and a beta of 0.94. The company's fifty day simple moving average is $122.99 and its two-hundred day simple moving average is $115.44.

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

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.

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