Phoenix Education Partners (NYSE:PXED) Stock: Insider John Terrence Woods Sells 850 Shares

Phoenix Education Partners, Inc. (NYSE:PXED) insider John Terrence Woods sold 850 shares of the business’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $25.00, for a total transaction of $21,250.00. Following the completion of the sale, the insider owned 62,682 shares in the company, valued at approximately $1,567,050. This trade represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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 Friday, October 9th, John Terrence Woods sold 19,453 shares of Phoenix Education Partners stock. The shares were sold at an average price of $25.89, for a total transaction of $503,638.17.

Phoenix Education Partners Stock Performance

NYSE:PXED opened at $23.82 on Thursday. The company has a 50-day moving average of $27.04 and a 200-day moving average of $29.20. The firm has a market cap of $858.86 million and a price-to-earnings ratio of 5.46. The company has a current ratio of 1.91, a quick ratio of 1.92 and a debt-to-equity ratio of 0.17. Phoenix Education Partners, Inc. has a twelve month low of $23.52 and a twelve month high of $38.19.

Phoenix Education Partners (NYSE:PXED) last released its earnings results on Tuesday, July 14th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.15. Phoenix Education Partners had a net margin of 8.18% and a return on equity of 60.06%. The business had revenue of $271.80 million for the quarter. Analysts forecast that Phoenix Education Partners, Inc. will post 4.46 earnings per share for the current fiscal year.

Phoenix Education Partners News Roundup

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 Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of Phoenix Education Partners by 48.3% in the 2nd quarter. Wellington Management Group LLP now owns 743,112 shares of the company’s stock valued at $24,411,000 after acquiring an additional 241,997 shares in the last quarter. BlackRock Inc. purchased a new position in Phoenix Education Partners during the 2nd quarter worth approximately $12,620,000. Heartland Advisors Inc. purchased a new position in Phoenix Education Partners during the 2nd quarter worth approximately $2,398,000. Bastion Asset Management Inc. purchased a new position in Phoenix Education Partners during the 1st quarter worth approximately $2,085,000. Finally, Manatuck Hill Partners LLC acquired a new stake in Phoenix Education Partners during the 4th quarter valued at $1,364,000.

Analysts Set New Price Targets

Several research firms have issued reports on PXED. BMO Capital Markets dropped their price target on Phoenix Education Partners from $36.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, October 5th. Jefferies Financial Group upgraded Phoenix Education Partners to a “strong-buy” rating in a research report on Wednesday, September 23rd. Wall Street Zen lowered Phoenix Education Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Zacks Research upgraded Phoenix Education Partners from a “strong sell” rating to a “hold” rating in a report on Thursday, October 1st. Finally, B. Riley Financial decreased their target price on Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Phoenix Education Partners has a consensus rating of “Moderate Buy” and a consensus price target of $40.60.

Phoenix Education Partners Company Profile

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.