Phoenix Education Partners (NYSE:PXED) Stock Price Up 3.7% – What’s Next?

Shares of Phoenix Education Partners, Inc. (NYSE:PXED) traded up 3.7% during trading on Tuesday . The stock traded as high as $31.33 and last traded at $31.01. 60,998 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 58,964 shares. The stock had previously closed at $29.89.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PXED. Zacks Research cut shares of Phoenix Education Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. BMO Capital Markets set a $39.00 price objective on Phoenix Education Partners in a research note on Wednesday, January 14th. Morgan Stanley upped their target price on Phoenix Education Partners from $45.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Weiss Ratings assumed coverage on Phoenix Education Partners in a research report on Wednesday, January 14th. They set a “sell (d+)” rating for the company. Finally, Barrington Research initiated coverage on Phoenix Education Partners in a report on Thursday, December 4th. They issued an “outperform” rating and a $45.00 price target for the company. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $44.00.

Phoenix Education Partners Stock Performance

The firm has a market cap of $1.09 billion and a PE ratio of 12.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.88. The firm’s 50 day moving average price is $30.18.

Phoenix Education Partners (NYSE:PXED) last issued its quarterly earnings data on Tuesday, January 13th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.27 by $0.11. The business had revenue of $262.03 million during the quarter, compared to analyst estimates of $257.56 million. Phoenix Education Partners’s quarterly revenue was up 2.9% compared to the same quarter last year.

Phoenix Education Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Wednesday, January 28th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, January 28th. Phoenix Education Partners’s payout ratio is presently 34.71%.

Institutional Trading of Phoenix Education Partners

Institutional investors and hedge funds have recently modified their holdings of the stock. Van Berkom & Associates Inc. purchased a new position in Phoenix Education Partners in the 4th quarter valued at about $44,774,000. Massachusetts Financial Services Co. MA purchased a new stake in Phoenix Education Partners during the 4th quarter worth approximately $21,681,000. Wellington Management Group LLP acquired a new position in shares of Phoenix Education Partners during the fourth quarter valued at approximately $10,559,000. Alyeska Investment Group L.P. purchased a new position in shares of Phoenix Education Partners in the fourth quarter valued at approximately $7,989,000. Finally, FIL Ltd purchased a new position in shares of Phoenix Education Partners in the fourth quarter valued at approximately $7,575,000.

Phoenix Education Partners Company Profile

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.