Pearson (NYSE:PSO) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Pearson, PLC (NYSE:PSO)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.51 and traded as high as $15.24. Pearson shares last traded at $15.2050, with a volume of 990,153 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Pearson from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Pearson has an average rating of “Moderate Buy”.

Pearson Price Performance

The stock has a fifty day moving average of $14.09 and a 200-day moving average of $13.52. The company has a current ratio of 2.00, a quick ratio of 1.94 and a debt-to-equity ratio of 0.39.

Pearson Announces Dividend

The business also recently announced a dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, March 20th were given a dividend of $0.2346 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a dividend yield of 368.0%.

Institutional Investors Weigh In On Pearson

Several hedge funds have recently made changes to their positions in the company. Morgan Stanley lifted its holdings in shares of Pearson by 34.4% in the 4th quarter. Morgan Stanley now owns 3,971,424 shares of the company’s stock worth $55,759,000 after buying an additional 1,015,739 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Pearson by 13.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,250,970 shares of the company’s stock worth $31,604,000 after buying an additional 266,782 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Pearson by 72.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,645,461 shares of the company’s stock worth $21,605,000 after buying an additional 691,339 shares during the period. Invesco Ltd. lifted its holdings in shares of Pearson by 32.1% in the 4th quarter. Invesco Ltd. now owns 1,122,325 shares of the company’s stock worth $15,757,000 after buying an additional 272,995 shares during the period. Finally, Millennium Management LLC purchased a new stake in shares of Pearson in the 1st quarter worth $11,546,000. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

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.