Phoenix Education Partners (NYSE:PXED) Stock: Insider John Terrence Woods Sells 19,453 Shares

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 stock was sold at an average price of $25.89, for a total value of $503,638.17. Following the sale, the insider 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.

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 shares were sold at an average price of $25.00, for a total value of $21,250.00.

Phoenix Education Partners Trading Down 1.4%

Shares of PXED opened at $23.82 on Thursday. The stock’s fifty day simple moving average is $27.04 and its 200-day simple moving average is $29.20. The firm has a market capitalization of $858.86 million and a PE ratio of 5.46. Phoenix Education Partners, Inc. has a 12-month low of $23.52 and a 12-month high of $38.19. The company has a quick ratio of 1.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.17.

Phoenix Education Partners (NYSE:PXED) last announced its quarterly earnings data on Tuesday, July 14th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.15. The firm had revenue of $271.80 million during the quarter. Phoenix Education Partners had a return on equity of 60.06% and a net margin of 8.18%. As a group, research analysts predict that Phoenix Education Partners, Inc. will post 4.46 earnings per share for the current year.

Analysts Set New Price Targets

PXED has been the topic of several recent research reports. Zacks Research raised shares of Phoenix Education Partners from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 1st. 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 note on Monday, October 5th. Weiss Ratings downgraded shares of Phoenix Education Partners from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Morgan Stanley cut their price objective on shares of Phoenix Education Partners from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Wall Street Zen cut shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Phoenix Education Partners presently has an average rating of “Moderate Buy” and a consensus price target of $40.60.

Phoenix Education Partners News Summary

Here are the key news stories impacting Phoenix Education Partners this week:

• Positive Sentiment: BMO Capital maintained its Buy rating on Phoenix Education Partners, signaling continued confidence in the company’s outlook despite the recent share-price weakness. The report did not state a new price target. BMO Capital Buy rating report
• Positive Sentiment: Morgan Stanley retained its Overweight rating and lowered its price target to $38 from $40. The revised target still implies substantial potential upside from recent levels, suggesting the firm views the selloff as excessive. Morgan Stanley price target report
• Neutral Sentiment: Insider John Terrence Woods sold 19,453 shares for approximately $503,638 and later sold 850 shares for $21,250. Both trades were made under a pre-arranged Rule 10b5-1 plan to cover tax withholding connected with vested equity awards, making them less concerning than discretionary sales; Woods still owned 62,682 shares afterward. SEC insider transaction filing
• Neutral Sentiment: A reported critical survey involving Phoenix Education Partners and Nerdy provided no available findings or financial details, limiting its immediate relevance for investors. Phoenix Education Partners and Nerdy survey
• Negative Sentiment: Technical weakness remains a headwind: PXED is trading below its moving averages and close to its 12-month low. This selling pressure may be amplifying investor caution despite the company’s prior earnings beat and analysts’ generally favorable ratings.

Institutional Investors Weigh In On Phoenix Education Partners

A number of institutional investors have recently made changes to their positions in PXED. Public Employees Retirement System of Ohio acquired a new position in shares of Phoenix Education Partners during the 2nd quarter worth about $26,000. Legal & General Group Plc bought a new stake in shares of Phoenix Education Partners in the 2nd quarter valued at about $64,000. State of Wyoming bought a new stake in shares of Phoenix Education Partners in the 2nd quarter valued at about $78,000. Meeder Asset Management Inc. acquired a new stake in shares of Phoenix Education Partners in the 2nd quarter valued at approximately $191,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Phoenix Education Partners in the 2nd quarter valued at approximately $281,000.

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.