Insider Selling: Phoenix Education Partners (NYSE:PXED) Insider Sells $503,638.17 in Stock

Phoenix Education Partners, Inc. (NYSE:PXED) insider John Terrence Woods sold 19,453 shares of the business’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $25.89, for a total transaction of $503,638.17. Following the sale, the insider directly owned 62,682 shares of the company’s stock, valued at approximately $1,622,836.98. The trade was a 23.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.

John Terrence Woods also recently made the following trade(s):

• On Monday, October 12th, John Terrence Woods sold 850 shares of Phoenix Education Partners stock. The stock was sold at an average price of $25.00, for a total value of $21,250.00.

Phoenix Education Partners Price Performance

Shares of Phoenix Education Partners stock opened at $23.88 on Friday. Phoenix Education Partners, Inc. has a one year low of $23.52 and a one year high of $38.19. The stock’s fifty day moving average is $26.94 and its 200 day moving average is $29.16. The stock has a market cap of $860.95 million and a P/E ratio of 11.11. 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) last released its earnings results on Tuesday, July 14th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.15. Phoenix Education Partners had a return on equity of 60.06% and a net margin of 8.18%. The company had revenue of $271.80 million for the quarter. Sell-side analysts anticipate that Phoenix Education Partners, Inc. will post 4.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PXED. Morgan Stanley lowered their price objective on Phoenix Education Partners from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Tuesday. Zacks Research upgraded shares of Phoenix Education Partners from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 1st. Jefferies Financial Group raised shares of Phoenix Education Partners to a “strong-buy” rating in a report on Wednesday, September 23rd. Wall Street Zen downgraded shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, BMO Capital Markets dropped their price target on shares of Phoenix Education Partners from $36.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.60.

Institutional Investors Weigh In On Phoenix Education Partners

A number of institutional investors and hedge funds have recently bought and sold shares of PXED. Public Employees Retirement System of Ohio bought a new position in shares of Phoenix Education Partners in the second quarter worth about $26,000. Legal & General Group Plc purchased a new stake in shares of Phoenix Education Partners during the second quarter worth about $64,000. State of Alaska Department of Revenue bought a new stake in Phoenix Education Partners during the 3rd quarter valued at approximately $51,000. State of Wyoming bought a new stake in Phoenix Education Partners during the 2nd quarter valued at approximately $78,000. Finally, Walleye Capital LLC raised its position in shares of Phoenix Education Partners by 23.7% during the first quarter. Walleye Capital LLC now owns 16,162 shares of the company’s stock valued at $508,000 after buying an additional 3,097 shares during the last quarter.

About Phoenix Education Partners

Phoenix Education Partners, Inc (NYSE: PXED) is an education company focused on providing higher education and career-oriented learning opportunities for working adults. Its principal institution is University of Phoenix, which offers programs designed to accommodate students balancing education with professional and personal responsibilities.

Through University of Phoenix, the company provides online and flexible learning options in areas such as business, education, health care, information technology, nursing, and criminal justice.