Dimensional Fund Advisors LP increased its position in DeVry Education Group Inc. (NYSE:DV) by 16.0% during the fourth quarter, Holdings Channel reports. The fund owned 4,765,119 shares of the company’s stock after buying an additional 658,025 shares during the period. Dimensional Fund Advisors LP owned 7.58% of DeVry Education Group worth $148,672,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in DeVry Education Group during the fourth quarter worth $263,000. State Street Corp raised its stake in DeVry Education Group by 0.4% in the fourth quarter. State Street Corp now owns 1,956,789 shares of the company’s stock worth $61,051,000 after buying an additional 8,631 shares during the period. Comerica Bank raised its stake in DeVry Education Group by 7.0% in the fourth quarter. Comerica Bank now owns 42,967 shares of the company’s stock worth $1,418,000 after buying an additional 2,818 shares during the period. Sicart Associates LLC acquired a new stake in DeVry Education Group during the fourth quarter worth $1,591,000. Finally, Russell Investments Group Ltd. acquired a new stake in DeVry Education Group during the fourth quarter worth $5,177,000.
DeVry Education Group Inc. (NYSE:DV) traded up 0.76% during mid-day trading on Friday, hitting $33.25. 60,034 shares of the company’s stock traded hands. The stock has a market cap of $2.09 billion, a PE ratio of 26.14 and a beta of 1.07. The firm’s 50-day moving average price is $32.69 and its 200-day moving average price is $27.04. DeVry Education Group Inc. has a one year low of $15.36 and a one year high of $34.48.
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DeVry Education Group (NYSE:DV) last posted its quarterly earnings results on Thursday, February 2nd. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.73 by $0.12. DeVry Education Group had a return on equity of 10.93% and a net margin of 4.40%. The business had revenue of $456.35 million for the quarter, compared to analyst estimates of $459.32 million. During the same quarter in the previous year, the firm earned $0.68 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. On average, analysts forecast that DeVry Education Group Inc. will post $2.66 EPS for the current fiscal year.
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DV has been the subject of a number of research reports. Zacks Investment Research raised shares of DeVry Education Group from a “sell” rating to a “hold” rating and set a $26.00 price objective for the company in a research note on Thursday, November 3rd. Credit Suisse Group raised shares of DeVry Education Group from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $24.00 to $30.00 in a research note on Wednesday, November 9th. Standpoint Research lowered shares of DeVry Education Group from a “buy” rating to a “hold” rating in a research note on Thursday, December 1st. Finally, First Analysis raised shares of DeVry Education Group from an “equal weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a research note on Wednesday, December 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.83.
In related news, insider Robert A. Paul sold 1,835 shares of the firm’s stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $32.56, for a total transaction of $59,747.60. Following the completion of the sale, the insider now directly owns 24,499 shares of the company’s stock, valued at approximately $797,687.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Value Advisers International sold 2,246 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $28.02, for a total value of $62,932.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,615 shares of company stock worth $600,881. Insiders own 5.61% of the company’s stock.
About DeVry Education Group
DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law. The Company operates in three segments: Medical and Healthcare; International and Professional Education, and Business, Technology and Management.
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