Sei Investments Co. reduced its stake in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 5.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 203,617 shares of the company’s stock after selling 11,456 shares during the period. Sei Investments Co.’s holdings in New Oriental Education & Technology Group were worth $14,353,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in New Oriental Education & Technology Group by 64.0% in the first quarter. Tower Research Capital LLC TRC now owns 2,319 shares of the company’s stock valued at $140,000 after buying an additional 905 shares in the last quarter. Advisors Preferred LLC acquired a new stake in New Oriental Education & Technology Group during the first quarter valued at approximately $147,000. Raymond James Financial Services Advisors Inc. acquired a new stake in New Oriental Education & Technology Group during the first quarter valued at approximately $205,000. Timber Hill LLC acquired a new stake in New Oriental Education & Technology Group during the first quarter valued at approximately $220,000. Finally, Atria Investments LLC acquired a new stake in New Oriental Education & Technology Group during the second quarter valued at approximately $240,000. Hedge funds and other institutional investors own 83.08% of the company’s stock.

New Oriental Education & Technology Group, Inc. (EDU) opened at 81.10 on Tuesday. The stock’s 50 day moving average price is $75.87 and its 200 day moving average price is $63.39. The firm has a market capitalization of $12.79 billion, a PE ratio of 46.61 and a beta of 1.40. New Oriental Education & Technology Group, Inc. has a 12 month low of $37.16 and a 12 month high of $83.91.

New Oriental Education & Technology Group (NYSE:EDU) last announced its earnings results on Tuesday, July 25th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by $0.03. New Oriental Education & Technology Group had a return on equity of 17.02% and a net margin of 15.25%. The business had revenue of $486.40 million during the quarter, compared to analyst estimates of $477.81 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The firm’s revenue was up 23.2% compared to the same quarter last year. Equities research analysts expect that New Oriental Education & Technology Group, Inc. will post $2.40 earnings per share for the current fiscal year.

The company also recently disclosed a special dividend, which will be paid on Friday, October 6th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.45 per share. This is an increase from New Oriental Education & Technology Group’s previous special dividend of $0.40. The ex-dividend date is Friday, September 1st.

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EDU has been the topic of several analyst reports. Benchmark Co. raised their target price on New Oriental Education & Technology Group from $75.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. BidaskClub cut New Oriental Education & Technology Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and issued a $74.80 target price on shares of New Oriental Education & Technology Group in a research report on Friday, July 14th. Finally, Goldman Sachs Group, Inc. (The) upgraded New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 16th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $76.36.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

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Institutional Ownership by Quarter for New Oriental Education & Technology Group (NYSE:EDU)

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