Pearson (NYSE:PSO) Sets New 12-Month High at $13.99

Pearson plc (NYSE:PSO)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $13.99 and last traded at $13.98, with a volume of 63773 shares. The stock had previously closed at $13.93.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PSO. StockNews.com upgraded Pearson from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Citigroup upgraded shares of Pearson to a “strong-buy” rating in a report on Tuesday, July 30th.

Pearson Stock Performance

The business has a 50 day simple moving average of $13.25 and a two-hundred day simple moving average of $12.72. The company has a current ratio of 1.78, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34.

Pearson Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 9th will be paid a $0.095 dividend. This represents a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 9th.

Institutional Trading of Pearson

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSO. Natixis Advisors L.P. boosted its holdings in Pearson by 15.0% in the fourth quarter. Natixis Advisors L.P. now owns 83,497 shares of the company’s stock valued at $1,026,000 after acquiring an additional 10,893 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Pearson by 9,603.7% during the 1st quarter. Russell Investments Group Ltd. now owns 39,785 shares of the company’s stock worth $524,000 after purchasing an additional 39,375 shares during the period. Goldman Sachs Group Inc. increased its position in Pearson by 6.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,239,694 shares of the company’s stock worth $27,526,000 after purchasing an additional 142,801 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Pearson by 88.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company’s stock worth $29,000 after purchasing an additional 1,138 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Pearson by 18.0% in the fourth quarter. Quadrant Capital Group LLC now owns 13,473 shares of the company’s stock valued at $166,000 after buying an additional 2,054 shares during the period. Hedge funds and other institutional investors own 2.14% of the company’s stock.

Pearson Company Profile

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.