Pearson (NYSE:PSO) Shares Pass Above 200 Day Moving Average – Time to Sell?

Pearson, PLC (NYSE:PSO) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.17 and traded as high as $16.57. Pearson shares last traded at $16.4450, with a volume of 578,192 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PSO. Wall Street Zen cut Pearson from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Weiss Ratings raised shares of Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Pearson in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Pearson currently has an average rating of “Hold”.

Pearson Stock Performance

The business’s fifty day moving average is $15.69 and its 200 day moving average is $14.19. The company has a quick ratio of 1.94, a current ratio of 2.00 and a debt-to-equity ratio of 0.39.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PSO. O Shaughnessy Asset Management LLC increased its position in shares of Pearson by 2.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 42,183 shares of the company’s stock worth $592,000 after acquiring an additional 863 shares in the last quarter. GAMMA Investing LLC boosted its stake in Pearson by 12.3% in the 4th quarter. GAMMA Investing LLC now owns 8,397 shares of the company’s stock worth $118,000 after purchasing an additional 922 shares during the period. PNC Financial Services Group Inc. boosted its stake in Pearson by 3.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 24,482 shares of the company’s stock worth $344,000 after purchasing an additional 930 shares during the period. Farther Finance Advisors LLC grew its position in Pearson by 54.2% during the 4th quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock worth $41,000 after purchasing an additional 1,036 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Pearson by 1.9% during the 1st quarter. Bank of New York Mellon Corp now owns 56,380 shares of the company’s stock worth $740,000 after purchasing an additional 1,071 shares in the last quarter. Institutional investors own 2.14% of the company’s stock.

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.