Pearson, PLC (NYSE:PSO - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $15.55 and traded as high as $17.25. Pearson shares last traded at $17.2250, with a volume of 583,862 shares traded.
Analyst Ratings Changes
A number of research firms recently weighed in on PSO. JPMorgan Chase & Co. restated a "neutral" rating on shares of Pearson in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Pearson in a research note on Monday, August 3rd. Kepler Capital Markets lowered Pearson from a "hold" rating to a "strong sell" rating in a report on Monday, September 7th. Weiss Ratings downgraded Pearson from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday, September 28th. Finally, Citigroup lowered Pearson from a "buy" rating to a "neutral" rating in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold".
Read Our Latest Analysis on Pearson
Pearson Price Performance
The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 1.94. The stock has a 50-day simple moving average of $16.21 and a 200-day simple moving average of $15.55.
Pearson Cuts Dividend
The company also recently declared a dividend, which was paid on Monday, September 21st. Stockholders of record on Friday, August 14th were given a dividend of $0.1103 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a dividend yield of 137.0%. This is a drop from Pearson's previous dividend of $0.2346.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. QRG Capital Management Inc. increased its holdings in Pearson by 26.4% in the 2nd quarter. QRG Capital Management Inc. now owns 224,809 shares of the company's stock worth $3,572,000 after acquiring an additional 47,023 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Pearson by 3.4% during the second quarter. Sequoia Financial Advisors LLC now owns 40,867 shares of the company's stock valued at $649,000 after purchasing an additional 1,334 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in Pearson by 44.9% during the second quarter. WINTON GROUP Ltd now owns 24,200 shares of the company's stock valued at $385,000 after purchasing an additional 7,500 shares during the last quarter. Syon Capital LLC lifted its holdings in Pearson by 14.8% during the second quarter. Syon Capital LLC now owns 28,322 shares of the company's stock valued at $450,000 after purchasing an additional 3,654 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Pearson by 44.3% during the second quarter. GAMMA Investing LLC now owns 8,880 shares of the company's stock worth $141,000 after purchasing an additional 2,727 shares during the period. Institutional investors own 2.14% of the company's stock.
About Pearson
(
Get Free Report)
Pearson plc is a global learning and education company headquartered in London, England. Through its assessment, qualifications, learning content and digital services businesses, Pearson supports students, educators, institutions, employers and governments throughout the education and workforce-development lifecycle.
The company provides academic and professional assessments, English-language testing, vocational and higher-education qualifications, textbooks, digital courseware and online learning platforms.
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