Phoenix Education Partners (NYSE:PXED) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Phoenix Education Partners (NYSE:PXED) from a hold rating to a buy rating in a research report released on Saturday,Wall Street Zen reports.

PXED has been the subject of a number of other research reports. Morgan Stanley lowered shares of Phoenix Education Partners from an “overweight” rating to an “equal weight” rating and set a $28.00 price objective for the company. in a report on Wednesday, November 4th. Zacks Research raised shares of Phoenix Education Partners from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 1st. BMO Capital Markets decreased their price target on shares of Phoenix Education Partners from $36.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, October 5th. Barrington Research lowered Phoenix Education Partners from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 4th. Finally, Truist Financial dropped their price objective on Phoenix Education Partners from $38.00 to $23.00 and set a “hold” rating on the stock in a research note on Wednesday, November 4th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.67.

Phoenix Education Partners Stock Performance

PXED stock opened at $19.20 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.17. The business’s fifty day simple moving average is $25.33 and its two-hundred day simple moving average is $28.65. Phoenix Education Partners has a twelve month low of $19.07 and a twelve month high of $35.90. The firm has a market cap of $704.44 million and a price-to-earnings ratio of 4.86.

Phoenix Education Partners (NYSE:PXED) last released its earnings results on Tuesday, November 3rd. The company reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. The business had revenue of $260.68 million during the quarter. Phoenix Education Partners had a return on equity of 57.86% and a net margin of 8.74%. Analysts predict that Phoenix Education Partners will post 3.76 earnings per share for the current year.

Phoenix Education Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 4.8%. This is a boost from Phoenix Education Partners’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, November 13th. Phoenix Education Partners’s payout ratio is currently 36.68%.

Insiders Place Their Bets

In other Phoenix Education Partners news, insider John Woods sold 19,453 shares of the stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $25.89, for a total transaction of $503,638.17. Following the transaction, the insider directly owned 62,682 shares in the company, valued at $1,622,836.98. This represents a 23.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 20,703 shares of company stock valued at $534,904 over the last ninety days. 5.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Phoenix Education Partners

Several hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new position in shares of Phoenix Education Partners during the second quarter valued at approximately $26,000. State of Alaska Department of Revenue purchased a new position in Phoenix Education Partners during the third quarter valued at approximately $51,000. Legal & General Group Plc bought a new position in Phoenix Education Partners in the second quarter worth approximately $64,000. State of Wyoming bought a new position in Phoenix Education Partners in the second quarter worth approximately $78,000. Finally, Meeder Asset Management Inc. purchased a new stake in Phoenix Education Partners during the second quarter worth $191,000.

About Phoenix Education Partners

Phoenix Education Partners, Inc is a higher education company focused on serving working adults and other nontraditional students. Through the University of Phoenix, its principal operating institution, the company provides career-oriented undergraduate and graduate degree programs, professional certificates, and other educational offerings.

The University of Phoenix primarily delivers instruction through online learning, with programs designed to offer flexible scheduling for students balancing education with employment and other responsibilities.