Pearson (NYSE:PSO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Pearson (NYSE:PSO) from a hold rating to a buy rating in a report published on Saturday,Wall Street Zen reports.

Several other equities analysts have also issued reports on the company. Weiss Ratings upgraded Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. The Goldman Sachs Group downgraded shares of Pearson from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Pearson in a report on Tuesday, July 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Pearson in a research note on Monday, August 3rd. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Pearson currently has a consensus rating of “Hold”.

Pearson Price Performance

Shares of Pearson stock opened at $16.58 on Friday. The business has a fifty day simple moving average of $16.46 and a 200 day simple moving average of $14.86. The company has a quick ratio of 1.94, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. Pearson has a 12 month low of $12.02 and a 12 month high of $17.75.

Pearson Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, August 14th will be issued a $0.1103 dividend. This represents a dividend yield of 137.0%. The ex-dividend date is Friday, August 14th.

Hedge Funds Weigh In On Pearson

Several institutional investors and hedge funds have recently modified their holdings of PSO. O Shaughnessy Asset Management LLC increased its stake in Pearson by 2.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 42,183 shares of the company’s stock worth $592,000 after purchasing an additional 863 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Pearson by 3.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 24,482 shares of the company’s stock valued at $344,000 after buying an additional 930 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Pearson by 54.2% in the fourth quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock valued at $41,000 after buying an additional 1,036 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Pearson by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 56,380 shares of the company’s stock valued at $740,000 after buying an additional 1,071 shares during the period. Finally, CIBC Private Wealth Group LLC increased its position in shares of Pearson by 952.1% during the third quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock worth $25,000 after acquiring an additional 1,590 shares in the last quarter. 2.14% of the stock is currently owned by institutional investors and hedge funds.

About Pearson

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.