Pearson (NYSE:PSO) Stock Passes Above 200-Day Moving Average of $12.84

Shares of Pearson plc (NYSE:PSO) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.84 and traded as high as $13.70. Pearson shares last traded at $13.67, with a volume of 350,049 shares.

Analysts Set New Price Targets

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

Pearson Stock Performance

The company has a 50 day moving average of $13.51 and a 200 day moving average of $12.85. The company has a quick ratio of 1.72, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

Pearson Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 9th were paid a $0.095 dividend. The ex-dividend date was Friday, August 9th. This represents a dividend yield of 2.2%.

Institutional Investors Weigh In On Pearson

Institutional investors have recently modified their holdings of the stock. US Bancorp DE boosted its holdings in Pearson by 13.3% in the fourth quarter. US Bancorp DE now owns 53,600 shares of the company’s stock worth $659,000 after purchasing an additional 6,285 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of Pearson by 11.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 83,338 shares of the company’s stock valued at $1,024,000 after buying an additional 8,333 shares during the last quarter. Barometer Capital Management Inc. bought a new position in Pearson in the fourth quarter worth about $119,000. Syon Capital LLC acquired a new position in Pearson in the fourth quarter valued at approximately $288,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Pearson by 6.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,239,694 shares of the company’s stock valued at $27,526,000 after purchasing an additional 142,801 shares during the last quarter. Institutional investors and hedge funds own 2.14% of the company’s stock.

About Pearson

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.