8,000 Shares in New Oriental Education & Technology Group Inc. (NYSE:EDU) Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale purchased a new position in shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 8,000 shares of the company’s stock, valued at approximately $629,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ridgewood Investments LLC purchased a new position in New Oriental Education & Technology Group in the second quarter worth $43,000. Ashton Thomas Private Wealth LLC purchased a new position in New Oriental Education & Technology Group in the second quarter worth $50,000. Blue Trust Inc. boosted its position in New Oriental Education & Technology Group by 782.4% in the second quarter. Blue Trust Inc. now owns 803 shares of the company’s stock worth $62,000 after purchasing an additional 712 shares during the last quarter. Hancock Whitney Corp purchased a new position in New Oriental Education & Technology Group in the second quarter worth $212,000. Finally, QRG Capital Management Inc. boosted its position in New Oriental Education & Technology Group by 7.4% in the second quarter. QRG Capital Management Inc. now owns 3,666 shares of the company’s stock worth $285,000 after purchasing an additional 254 shares during the last quarter.

Analyst Upgrades and Downgrades

EDU has been the topic of a number of research analyst reports. StockNews.com upgraded New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Morgan Stanley set a $83.00 target price on New Oriental Education & Technology Group in a research note on Thursday, October 17th. Finally, Citigroup decreased their target price on New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, New Oriental Education & Technology Group presently has a consensus rating of “Moderate Buy” and an average price target of $99.67.

New Oriental Education & Technology Group Trading Up 0.1 %

Shares of New Oriental Education & Technology Group stock opened at $62.69 on Friday. The firm has a market capitalization of $10.64 billion, a PE ratio of 26.79 and a beta of 0.49. The business’s 50-day moving average price is $66.33 and its 200-day moving average price is $73.21. New Oriental Education & Technology Group Inc. has a 12 month low of $58.60 and a 12 month high of $98.20.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.33 by $0.27. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. New Oriental Education & Technology Group had a return on equity of 9.43% and a net margin of 8.38%. The company’s revenue was up 30.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 EPS. As a group, analysts predict that New Oriental Education & Technology Group Inc. will post 2.85 earnings per share for the current fiscal year.

New Oriental Education & Technology Group Announces Dividend

The company also recently disclosed a — dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Monday, September 9th.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People’s Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.