Van Berkom & Associates Inc. Sells 107,294 Shares of Phoenix Education Partners, Inc. $PXED

Van Berkom & Associates Inc. trimmed its position in shares of Phoenix Education Partners, Inc. (NYSE:PXED) by 7.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,370,381 shares of the company’s stock after selling 107,294 shares during the period. Van Berkom & Associates Inc.’s holdings in Phoenix Education Partners were worth $43,112,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PXED. Bastion Asset Management Inc. acquired a new stake in Phoenix Education Partners in the first quarter valued at $2,085,000. Bank of New York Mellon Corp increased its stake in shares of Phoenix Education Partners by 55.1% during the 1st quarter. Bank of New York Mellon Corp now owns 10,969 shares of the company’s stock worth $345,000 after purchasing an additional 3,898 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of Phoenix Education Partners in the 1st quarter valued at about $300,000. R Squared Ltd acquired a new stake in Phoenix Education Partners in the 1st quarter valued at about $300,000. Finally, State of Tennessee Department of Treasury bought a new position in Phoenix Education Partners during the fourth quarter worth about $271,000.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PXED shares. Weiss Ratings raised Phoenix Education Partners from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Wall Street Zen raised Phoenix Education Partners from a “hold” rating to a “buy” rating in a research report on Monday. Barrington Research reiterated an “outperform” rating and set a $45.00 target price on shares of Phoenix Education Partners in a research note on Tuesday, May 19th. Morgan Stanley reissued an “overweight” rating and set a $40.00 target price on shares of Phoenix Education Partners in a report on Wednesday. Finally, BMO Capital Markets dropped their price target on Phoenix Education Partners from $39.00 to $36.00 and set an “outperform” rating on the stock in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Phoenix Education Partners presently has an average rating of “Moderate Buy” and a consensus price target of $42.20.

Phoenix Education Partners Stock Performance

Shares of PXED stock opened at $30.28 on Monday. Phoenix Education Partners, Inc. has a 52 week low of $23.52 and a 52 week high of $47.08. The company has a market capitalization of $1.09 billion and a price-to-earnings ratio of 14.08. The company has a 50-day simple moving average of $31.23 and a 200 day simple moving average of $30.19. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.92 and a current ratio of 1.91.

Phoenix Education Partners (NYSE:PXED) last released its quarterly earnings results on Tuesday, July 14th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.15. Phoenix Education Partners had a net margin of 8.18% and a return on equity of 60.06%. The firm had revenue of $271.80 million for the quarter. On average, sell-side analysts predict that Phoenix Education Partners, Inc. will post 4.47 earnings per share for the current year.

Phoenix Education Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Wednesday, July 29th will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, July 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.8%. Phoenix Education Partners’s dividend payout ratio (DPR) is 39.07%.

About Phoenix Education Partners

Our Mission To provide access to higher education opportunities that enable students to develop the knowledge and skills necessary to achieve their professional goals, improve the performance of their organizations and provide leadership and service to their communities. We are a mission-driven organization operating at the forefront of the rapidly evolving post-secondary education market. As one of the largest online education providers and a pioneer in our field, we benefit from the dynamic interplay between technological innovation, education, employment and economic trends.