Federated Hermes Inc. Buys 5,184 Shares of Adtalem Global Education Inc. $ATGE

Federated Hermes Inc. boosted its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 510.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,200 shares of the company’s stock after purchasing an additional 5,184 shares during the quarter. Federated Hermes Inc.’s holdings in Adtalem Global Education were worth $958,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Goldman Sachs Group Inc. increased its holdings in shares of Adtalem Global Education by 124.3% in the first quarter. Goldman Sachs Group Inc. now owns 699,027 shares of the company’s stock worth $70,350,000 after purchasing an additional 387,330 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Adtalem Global Education by 2.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 660,433 shares of the company’s stock valued at $84,027,000 after buying an additional 16,663 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Adtalem Global Education by 444.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 605,137 shares of the company’s stock worth $90,940,000 after acquiring an additional 494,058 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Adtalem Global Education by 8.4% during the 2nd quarter. Invesco Ltd. now owns 479,981 shares of the company’s stock worth $61,068,000 after acquiring an additional 37,036 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Adtalem Global Education by 96.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 428,966 shares of the company’s stock valued at $66,254,000 after acquiring an additional 210,709 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ATGE. Robert W. Baird set a $163.00 price target on shares of Adtalem Global Education in a research report on Friday, October 31st. Barrington Research restated an “outperform” rating and set a $170.00 target price on shares of Adtalem Global Education in a research report on Thursday, January 29th. Weiss Ratings downgraded shares of Adtalem Global Education from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $138.00 price objective on shares of Adtalem Global Education in a research note on Friday, January 30th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Adtalem Global Education currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.50.

Adtalem Global Education Stock Performance

Shares of NYSE:ATGE opened at $104.34 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.37. Adtalem Global Education Inc. has a 12 month low of $86.26 and a 12 month high of $156.26. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 0.87 and a beta of 0.71. The firm’s 50-day moving average is $105.69 and its 200 day moving average is $119.43.

Adtalem Global Education (NYSE:ATGE) last announced its earnings results on Wednesday, January 28th. The company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.24. The business had revenue of $503.39 million during the quarter, compared to analyst estimates of $488.72 million. Adtalem Global Education had a return on equity of 20.24% and a net margin of 13.41%.The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.81 earnings per share. Adtalem Global Education has set its FY 2026 guidance at 7.800-8.000 EPS. Research analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Adtalem Global Education Profile

Adtalem Global Education (NYSE:ATGE) is a leading provider of postsecondary education and professional development solutions. Through a network of brands and institutions, the company delivers degree programs and continuing education in high-demand fields such as healthcare, business, technology and the sciences. Adtalem’s offerings span campus-based and online formats, catering to diverse learner needs and career stages.

The company’s portfolio includes Chamberlain University, which specializes in nursing and healthcare; Carrington College, offering career-focused programs in allied health, business and trades; Walden University, a fully online institution for graduate and undergraduate degrees; and a suite of medical and veterinary schools, including Ross University School of Medicine and Ross University School of Veterinary Medicine, both located in the Caribbean.