Pearson (NYSE:PSO) Stock Price Crosses Above 200 Day Moving Average of $12.84

Pearson plc (NYSE:PSO - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.84 and traded as high as $13.70. Pearson shares last traded at $13.67, with a volume of 350,049 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have commented on PSO shares. StockNews.com raised shares of Pearson from a "hold" rating to a "buy" rating in a research report on Tuesday, July 30th. Citigroup raised shares of Pearson to a "strong-buy" rating in a research note on Tuesday, July 30th.

Pearson Price Performance

The stock has a 50 day moving average of $13.50 and a two-hundred day moving average of $12.84. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78. The firm has a market capitalization of $9.15 billion, a P/E ratio of 15.36, a P/E/G ratio of 2.15 and a beta of 0.40.

Pearson Cuts Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 9th were given a $0.095 dividend. This represents a dividend yield of 2.2%. The ex-dividend date was Friday, August 9th. Pearson's dividend payout ratio is 21.35%.

Institutional Trading of Pearson

A number of institutional investors and hedge funds have recently modified their holdings of PSO. Lester Murray Antman dba SimplyRich raised its holdings in Pearson by 2.5% in the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 32,239 shares of the company's stock worth $402,000 after acquiring an additional 799 shares during the period. GAMMA Investing LLC increased its stake in shares of Pearson by 43.2% in the second quarter. GAMMA Investing LLC now owns 2,782 shares of the company's stock worth $35,000 after purchasing an additional 839 shares during the period. CWM LLC lifted its position in shares of Pearson by 22.5% during the 2nd quarter. CWM LLC now owns 4,650 shares of the company's stock worth $58,000 after purchasing an additional 855 shares during the last quarter. Lake Street Advisors Group LLC lifted its position in shares of Pearson by 8.5% during the 1st quarter. Lake Street Advisors Group LLC now owns 12,905 shares of the company's stock worth $172,000 after purchasing an additional 1,007 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Pearson by 88.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company's stock valued at $29,000 after purchasing an additional 1,138 shares during the period. 2.14% of the stock is currently owned by institutional investors and hedge funds.

Pearson Company Profile

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.