Pearson (NYSE:PSO) Upgraded at StockNews.com

StockNews.com upgraded shares of Pearson (NYSE:PSO) from a hold rating to a buy rating in a research report released on Friday morning.

Pearson Price Performance

Shares of PSO opened at $12.47 on Friday. Pearson has a one year low of $9.77 and a one year high of $13.18. The stock has a 50-day moving average of $12.68 and a 200-day moving average of $12.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.67 and a current ratio of 1.73.

Pearson Increases Dividend

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

Hedge Funds Weigh In On Pearson

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in Pearson by 169.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,382 shares of the company’s stock valued at $29,000 after purchasing an additional 1,498 shares in the last quarter. Barometer Capital Management Inc. acquired a new position in shares of Pearson during the fourth quarter valued at about $119,000. National Wealth Management Group LLC bought a new stake in shares of Pearson during the fourth quarter worth about $126,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Pearson in the 3rd quarter worth about $140,000. Finally, Quadrant Capital Group LLC lifted its position in Pearson by 18.0% in the 4th quarter. Quadrant Capital Group LLC now owns 13,473 shares of the company’s stock valued at $166,000 after acquiring an additional 2,054 shares in the last quarter. 2.14% of the stock is currently owned by institutional investors.

Pearson Company Profile

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.