DeVry Education Group Inc. (DV) Stock Price Up 3.3%
DeVry Education Group Inc. (NYSE:DV) rose 3.3% during trading on Wednesday . The stock traded as high as $18.91 and last traded at $18.83, with a volume of 315,585 shares trading hands. The stock had previously closed at $18.23.
DV has been the topic of several analyst reports. Zacks Investment Research upgraded shares of DeVry Education Group from a “sell” rating to a “hold” rating in a research note on Friday, April 8th. Morgan Stanley reiterated a “hold” rating on shares of DeVry Education Group in a research note on Saturday, April 9th. Bank of America Corp. lowered shares of DeVry Education Group from a “neutral” rating to an “underperform” rating and set a $18.00 price objective on the stock. in a research note on Wednesday, April 20th. Robert W. Baird reiterated a “hold” rating on shares of DeVry Education Group in a research note on Sunday, May 8th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and set a $35.00 price objective on shares of DeVry Education Group in a research note on Thursday, May 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.89.
The firm has a market cap of $1.19 billion and a PE ratio of 33.02. The stock has a 50-day moving average of $17.75 and a 200-day moving average of $19.10.
DeVry Education Group (NYSE:DV) last issued its earnings results on Thursday, May 5th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.09. The business had revenue of $474.20 million for the quarter, compared to analyst estimates of $466.38 million. During the same quarter last year, the firm posted $0.72 earnings per share. DeVry Education Group’s revenue was down 3.2% on a year-over-year basis. Equities research analysts forecast that DeVry Education Group Inc. will post $2.38 EPS for the current year.
The company also recently declared a semiannual dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, June 3rd were given a $0.18 dividend. The ex-dividend date was Wednesday, June 1st. This represents a yield of 1.85%.
Other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in DeVry Education Group by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,976,153 shares of the company’s stock worth $100,638,000 after buying an additional 231,395 shares during the period. New York State Common Retirement Fund raised its position in DeVry Education Group by 0.6% in the fourth quarter. New York State Common Retirement Fund now owns 578,010 shares of the company’s stock worth $14,629,000 after buying an additional 3,200 shares during the period. OppenheimerFunds Inc. purchased a new position in DeVry Education Group during the fourth quarter worth approximately $10,625,000. Nationwide Fund Advisors raised its position in DeVry Education Group by 0.8% in the fourth quarter. Nationwide Fund Advisors now owns 139,630 shares of the company’s stock worth $3,534,000 after buying an additional 1,155 shares during the period. Finally, Rhumbline Advisers raised its position in DeVry Education Group by 0.5% in the fourth quarter. Rhumbline Advisers now owns 135,300 shares of the company’s stock worth $3,424,000 after buying an additional 625 shares during the period.
DeVry Education Group Inc (DeVry Group) is a provider of educational services. DeVry Group’s institutions offer an array of programs in business, healthcare and technology, and serve students in postsecondary education as well as accounting and finance professionals. DeVry Group operates through three segments: Business, Technology and Management, Medical and Healthcare, and International and Professional Education.
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