Pearson (NYSE:PSO) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Pearson, PLC (NYSE:PSO) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.51 and traded as high as $15.24. Pearson shares last traded at $15.2050, with a volume of 990,153 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Pearson from a “buy” rating to a “hold” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Pearson presently has an average rating of “Moderate Buy”.

Pearson Price Performance

The company has a quick ratio of 1.94, a current ratio of 2.00 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average price of $14.05 and a 200-day moving average price of $13.51.

Pearson Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, March 20th were paid a $0.2346 dividend. This represents a dividend yield of 368.0%. The ex-dividend date of this dividend was Friday, March 20th.

Institutional Investors Weigh In On Pearson

A number of hedge funds and other institutional investors have recently modified their holdings of PSO. Morgan Stanley lifted its stake in shares of Pearson by 34.4% in the 4th quarter. Morgan Stanley now owns 3,971,424 shares of the company’s stock valued at $55,759,000 after acquiring an additional 1,015,739 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Pearson in the 1st quarter valued at about $11,546,000. Optiver Holding B.V. bought a new stake in shares of Pearson in the 3rd quarter valued at about $10,104,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Pearson by 72.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,645,461 shares of the company’s stock valued at $21,605,000 after acquiring an additional 691,339 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Pearson by 1,072.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 605,707 shares of the company’s stock valued at $9,043,000 after acquiring an additional 554,044 shares during the last quarter. Institutional investors 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.