Pearson (NYSE:PSO) Sets New 12-Month High at $13.69

Shares of Pearson plc (NYSE:PSO) hit a new 52-week high during trading on Friday . The stock traded as high as $13.69 and last traded at $13.66, with a volume of 11307 shares. The stock had previously closed at $13.57.

Analysts Set New Price Targets

PSO has been the topic of several research analyst reports. StockNews.com raised shares of Pearson from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Citigroup upgraded shares of Pearson to a “strong-buy” rating in a research note on Tuesday, July 30th.

Pearson Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78. The company’s 50-day moving average is $12.96 and its two-hundred day moving average is $12.60.

Pearson Cuts Dividend

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

Institutional Investors Weigh In On Pearson

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its stake in Pearson by 6.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,239,694 shares of the company’s stock worth $27,526,000 after acquiring an additional 142,801 shares in the last quarter. Renaissance Technologies LLC grew its position in Pearson by 68.4% during the 2nd quarter. Renaissance Technologies LLC now owns 421,620 shares of the company’s stock worth $5,262,000 after acquiring an additional 171,220 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Pearson by 64.9% in the 2nd quarter. Hsbc Holdings PLC now owns 310,054 shares of the company’s stock worth $3,868,000 after purchasing an additional 122,054 shares in the last quarter. Bank of Montreal Can bought a new position in Pearson in the 2nd quarter valued at approximately $3,849,000. Finally, Millennium Management LLC boosted its position in Pearson by 66.3% during the 2nd quarter. Millennium Management LLC now owns 298,063 shares of the company’s stock worth $3,720,000 after buying an additional 118,822 shares during the period. 2.14% of the stock is currently owned by institutional investors.

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.