Pearson (NYSE:PSO) Stock Price Crosses Above 200-Day Moving Average of $12.09

Pearson plc (NYSE:PSO) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.09 and traded as high as $12.40. Pearson shares last traded at $12.31, with a volume of 337,637 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Pearson from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,056.67.

Pearson Price Performance

The business has a 50 day moving average price of $12.58 and a 200 day moving average price of $12.09. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 1.67.

Pearson Increases Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, March 22nd will be issued a dividend of $0.1987 per share. The ex-dividend date is Thursday, March 21st. This is a positive change from Pearson’s previous Semi-Annual dividend of $0.07. This represents a yield of 2.2%.

Institutional Trading of Pearson

Large investors have recently bought and sold shares of the business. Ballentine Partners LLC lifted its holdings in shares of Pearson by 6.5% in the third quarter. Ballentine Partners LLC now owns 17,745 shares of the company’s stock valued at $187,000 after purchasing an additional 1,086 shares in the last quarter. American Century Companies Inc. boosted its position in Pearson by 2.4% during the 1st quarter. American Century Companies Inc. now owns 49,290 shares of the company’s stock worth $501,000 after acquiring an additional 1,145 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Pearson by 11.0% during the 1st quarter. JPMorgan Chase & Co. now owns 11,590 shares of the company’s stock worth $116,000 after acquiring an additional 1,153 shares in the last quarter. Janiczek Wealth Management LLC lifted its position in shares of Pearson by 10.1% in the third quarter. Janiczek Wealth Management LLC now owns 13,013 shares of the company’s stock worth $137,000 after purchasing an additional 1,198 shares in the last quarter. Finally, First Affirmative Financial Network boosted its holdings in Pearson by 8.7% during the fourth quarter. First Affirmative Financial Network now owns 16,519 shares of the company’s stock worth $203,000 after purchasing an additional 1,328 shares during the last quarter. 2.14% of the stock is owned by institutional investors.

About Pearson

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.