Shares of Phoenix Education Partners, Inc. (NYSE:PXED – Get Free Report) have earned an average recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $31.67.
PXED has been the subject of several analyst reports. Jefferies Financial Group raised shares of Phoenix Education Partners to a “strong-buy” rating in a research note on Wednesday, September 23rd. Morgan Stanley cut shares of Phoenix Education Partners from an “overweight” rating to an “equal weight” rating and set a $28.00 price target on the stock. in a research note on Wednesday, November 4th. B. Riley Financial downgraded shares of Phoenix Education Partners from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $44.00 to $25.00 in a report on Wednesday, November 4th. Truist Financial cut their price objective on shares of Phoenix Education Partners from $38.00 to $23.00 and set a “hold” rating for the company in a research report on Wednesday, November 4th. Finally, Barrington Research lowered shares of Phoenix Education Partners from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 4th.
Get Our Latest Stock Report on Phoenix Education Partners
Insider Buying and Selling at Phoenix Education Partners
In other news, insider John Woods sold 19,453 shares of the firm’s stock in a transaction on Friday, October 9th. The stock was sold at an average price of $25.89, for a total transaction of $503,638.17. Following the sale, the insider owned 62,682 shares in the company, valued at $1,622,836.98. This trade represents a 23.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 20,703 shares of company stock worth $534,904. Corporate insiders own 5.00% of the company’s stock.
Institutional Investors Weigh In On Phoenix Education Partners
Several hedge funds have recently modified their holdings of PXED. Wellington Management Group LLP grew its holdings in Phoenix Education Partners by 48.3% in the second quarter. Wellington Management Group LLP now owns 743,112 shares of the company’s stock valued at $24,411,000 after purchasing an additional 241,997 shares during the period. BlackRock Inc. purchased a new position in Phoenix Education Partners during the second quarter worth approximately $12,620,000. Heartland Advisors Inc. purchased a new position in Phoenix Education Partners during the second quarter worth approximately $2,398,000. Royce & Associates LP purchased a new position in Phoenix Education Partners during the third quarter worth approximately $2,172,000. Finally, Bastion Asset Management Inc. acquired a new position in shares of Phoenix Education Partners in the 1st quarter valued at $2,085,000.
Phoenix Education Partners Stock Performance
Phoenix Education Partners stock opened at $19.20 on Tuesday. Phoenix Education Partners has a fifty-two week low of $19.07 and a fifty-two week high of $35.90. The company has a market capitalization of $704.44 million and a price-to-earnings ratio of 8.39. The stock has a fifty day moving average of $25.33 and a two-hundred day moving average of $28.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.92 and a current ratio of 1.91.
Phoenix Education Partners (NYSE:PXED – Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. The business had revenue of $260.68 million for the quarter. Phoenix Education Partners had a return on equity of 57.86% and a net margin of 8.74%. On average, analysts anticipate that Phoenix Education Partners will post 3.76 EPS for the current fiscal year.
Phoenix Education Partners Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.8%. This is a boost from Phoenix Education Partners’s previous quarterly dividend of $0.21. Phoenix Education Partners’s dividend payout ratio is currently 36.68%.
Phoenix Education Partners Company Profile
Phoenix Education Partners, Inc is a higher education company focused on serving working adults and other nontraditional students. Through the University of Phoenix, its principal operating institution, the company provides career-oriented undergraduate and graduate degree programs, professional certificates, and other educational offerings.
The University of Phoenix primarily delivers instruction through online learning, with programs designed to offer flexible scheduling for students balancing education with employment and other responsibilities.
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