Pearson (NYSE:PSO) Lifted to Buy at UBS Group

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UBS Group upgraded shares of Pearson (NYSE:PSO) from a neutral rating to a buy rating in a research note issued to investors on Friday morning, The Fly reports.

Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Pearson from a hold rating to a buy rating and set a $11.00 target price on the stock in a research note on Tuesday, August 13th. Citigroup raised Pearson from a neutral rating to a buy rating in a research note on Monday, July 29th.

NYSE:PSO opened at $10.87 on Friday. Pearson has a 1-year low of $9.67 and a 1-year high of $13.19. The business’s 50-day moving average price is $10.23 and its two-hundred day moving average price is $10.55. The company has a current ratio of 1.95, a quick ratio of 1.80 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 11.56 and a beta of 0.10.

The firm also recently declared a dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Friday, August 16th will be issued a $0.073 dividend. The ex-dividend date of this dividend is Thursday, August 15th. Pearson’s dividend payout ratio (DPR) is currently 15.96%.

Several institutional investors have recently made changes to their positions in the business. Parametric Portfolio Associates LLC increased its holdings in shares of Pearson by 10.7% in the second quarter. Parametric Portfolio Associates LLC now owns 1,278,370 shares of the company’s stock worth $13,244,000 after acquiring an additional 123,120 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Pearson by 7.7% in the second quarter. Northern Trust Corp now owns 813,537 shares of the company’s stock worth $8,429,000 after acquiring an additional 58,245 shares in the last quarter. US Bancorp DE increased its holdings in shares of Pearson by 28.3% in the first quarter. US Bancorp DE now owns 457,624 shares of the company’s stock worth $5,025,000 after acquiring an additional 100,955 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Pearson by 5.7% in the second quarter. Renaissance Technologies LLC now owns 393,900 shares of the company’s stock worth $4,081,000 after acquiring an additional 21,300 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Pearson in the second quarter worth about $3,134,000. Institutional investors own 1.25% of the company’s stock.

Pearson Company Profile

Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through three segments: North America, Core, and Growth. It offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.

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