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 research report released on Saturday morning.

Several other brokerages also recently issued reports on PSO. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Pearson in a report on Tuesday, July 14th. Weiss Ratings upgraded shares of Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 4th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Pearson currently has an average rating of “Hold”.

Pearson Price Performance

Shares of NYSE PSO opened at $16.77 on Friday. 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 has a 12 month low of $12.02 and a 12 month high of $17.75. The stock has a 50 day moving average of $15.98 and a 200-day moving average of $14.34.

Pearson Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, September 21st. Stockholders of record on Friday, August 14th will be given a $0.1103 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a dividend yield of 130.0%.

Hedge Funds Weigh In On Pearson

Large investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its stake in Pearson by 952.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock valued at $25,000 after purchasing an additional 1,590 shares during the period. Kestra Advisory Services LLC bought a new position in Pearson during the 4th quarter worth $35,000. Farther Finance Advisors LLC lifted its holdings in shares of Pearson by 54.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock worth $41,000 after buying an additional 1,036 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Pearson during the fourth quarter worth $42,000. Finally, Royal Bank of Canada boosted its position in shares of Pearson by 86.5% in the first quarter. Royal Bank of Canada now owns 5,613 shares of the company’s stock valued at $74,000 after acquiring an additional 2,604 shares during the period. Institutional investors own 2.14% of the company’s stock.

Pearson Company Profile

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.