Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded DeVry Education Group from a hold rating to a buy rating and set a $19.00 price target for the company in a report on Wednesday, June 29th. Barrington Research downgraded DeVry Education Group from an outperform rating to a market perform rating in a report on Monday, August 15th. Piper Jaffray Cos. restated an overweight rating and set a $35.00 price target on shares of DeVry Education Group in a report on Sunday, August 21st. Finally, Bank of America Corp. restated a sell rating and set a $16.00 price target on shares of DeVry Education Group in a report on Friday, June 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $23.13.
Shares of DeVry Education Group (NYSE:DV) traded up 0.26% during midday trading on Monday, reaching $23.09. The company had a trading volume of 6,232 shares. DeVry Education Group has a 1-year low of $15.36 and a 1-year high of $29.88. The stock’s market capitalization is $1.44 billion. The company’s 50-day moving average is $22.98 and its 200-day moving average is $19.90.
DeVry Education Group (NYSE:DV) last issued its quarterly earnings results on Thursday, August 18th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.05. DeVry Education Group had a positive return on equity of 10.31% and a negative net margin of 0.17%. The firm earned $471.70 million during the quarter, compared to the consensus estimate of $461.90 million. During the same period last year, the company earned $0.57 earnings per share. The company’s revenue was down .3% on a year-over-year basis. On average, equities research analysts forecast that DeVry Education Group will post $2.53 EPS for the current year.
In other news, insider Ronald L. Taylor sold 44,100 shares of DeVry Education Group stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $22.82, for a total transaction of $1,006,362.00. Following the transaction, the insider now directly owns 742,649 shares of the company’s stock, valued at approximately $16,947,250.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Gregory S. Davis sold 1,366 shares of DeVry Education Group stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $24.00, for a total value of $32,784.00. Following the transaction, the senior vice president now directly owns 16,480 shares in the company, valued at $395,520. The disclosure for this sale can be found here. 4.23% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fairpointe Capital LLC boosted its position in DeVry Education Group by 29.3% in the second quarter. Fairpointe Capital LLC now owns 6,702,180 shares of the company’s stock worth $119,566,000 after buying an additional 1,520,615 shares during the last quarter. Royce & Associates LP boosted its position in DeVry Education Group by 711.2% in the first quarter. Royce & Associates LP now owns 876,554 shares of the company’s stock worth $15,138,000 after buying an additional 768,500 shares during the last quarter. JPMorgan Chase & Co. boosted its position in DeVry Education Group by 65,969.1% in the second quarter. JPMorgan Chase & Co. now owns 552,338 shares of the company’s stock worth $9,854,000 after buying an additional 551,502 shares during the last quarter. AQR Capital Management LLC boosted its position in DeVry Education Group by 231.2% in the second quarter. AQR Capital Management LLC now owns 517,913 shares of the company’s stock worth $9,240,000 after buying an additional 361,561 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in DeVry Education Group by 159.8% in the second quarter. Prudential Financial Inc. now owns 508,047 shares of the company’s stock worth $9,064,000 after buying an additional 312,500 shares during the last quarter.
About DeVry Education Group
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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