Pearson, PLC (NYSE:PSO) Given Average Rating of “Moderate Buy” by Analysts

Pearson, PLC (NYSE:PSO) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company.

A number of research analysts have commented on PSO shares. Weiss Ratings downgraded Pearson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Citigroup started coverage on Pearson in a research note on Monday, January 12th. They set a “buy” rating for the company. Finally, Kepler Capital Markets upgraded Pearson from a “reduce” rating to a “hold” rating in a report on Friday, January 23rd.

Pearson Stock Down 0.9%

NYSE PSO opened at $13.15 on Thursday. The company has a quick ratio of 1.94, a current ratio of 2.00 and a debt-to-equity ratio of 0.39. Pearson has a 1-year low of $12.02 and a 1-year high of $16.70. The firm’s fifty day simple moving average is $12.90 and its 200-day simple moving average is $13.56.

Pearson Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, March 20th will be paid a $0.2346 dividend. The ex-dividend date is Friday, March 20th. This represents a yield of 364.0%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. CIBC Private Wealth Group LLC lifted its stake in shares of Pearson by 952.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock valued at $25,000 after purchasing an additional 1,590 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Pearson during the fourth quarter worth $35,000. Farther Finance Advisors LLC increased its position in Pearson by 54.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock worth $41,000 after buying an additional 1,036 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Pearson during the fourth quarter valued at about $42,000. Finally, AlphaCore Capital LLC acquired a new stake in shares of Pearson in the second quarter worth about $70,000. Institutional investors and hedge funds 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.