Pearson (NYSE:PSO) Reaches New 12-Month High – Time to Buy?

Pearson, PLC (NYSE:PSO)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $16.74 and last traded at $16.4420, with a volume of 836774 shares traded. The stock had previously closed at $16.71.

Analysts Set New Price Targets

A number of equities analysts recently commented on PSO shares. Weiss Ratings upgraded shares of Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Wall Street Zen downgraded Pearson from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Pearson currently has an average rating of “Hold”.

Pearson Stock Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 2.00 and a quick ratio of 1.94. The stock has a fifty day simple moving average of $15.16 and a two-hundred day simple moving average of $13.95.

Institutional Trading of Pearson

A number of institutional investors have recently bought and sold shares of PSO. Versant Capital Management Inc lifted its stake in Pearson by 77.9% in the 2nd quarter. Versant Capital Management Inc now owns 21,176 shares of the company’s stock valued at $336,000 after buying an additional 9,275 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Pearson by 30.0% in the first quarter. EverSource Wealth Advisors LLC now owns 13,350 shares of the company’s stock worth $175,000 after acquiring an additional 3,080 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Pearson by 86.5% during the first quarter. Royal Bank of Canada now owns 5,613 shares of the company’s stock valued at $74,000 after acquiring an additional 2,604 shares during the last quarter. Quantinno Capital Management LP increased its position in Pearson by 16.8% during the 1st quarter. Quantinno Capital Management LP now owns 512,854 shares of the company’s stock worth $6,734,000 after purchasing an additional 73,788 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in Pearson in the 1st quarter valued at about $412,000. 2.14% of the stock is currently owned by hedge funds and other institutional investors.

Pearson Company Profile

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.