Renaissance Technologies LLC Has $5.26 Million Stake in Pearson plc (NYSE:PSO)

Renaissance Technologies LLC increased its stake in shares of Pearson plc (NYSE:PSO) by 68.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 421,620 shares of the company’s stock after purchasing an additional 171,220 shares during the quarter. Renaissance Technologies LLC owned approximately 0.06% of Pearson worth $5,262,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PSO. US Bancorp DE boosted its stake in shares of Pearson by 13.3% during the 4th quarter. US Bancorp DE now owns 53,600 shares of the company’s stock valued at $659,000 after buying an additional 6,285 shares during the period. Crossmark Global Holdings Inc. boosted its position in Pearson by 11.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 83,338 shares of the company’s stock valued at $1,024,000 after purchasing an additional 8,333 shares during the last quarter. Barometer Capital Management Inc. purchased a new position in Pearson in the fourth quarter valued at about $119,000. Syon Capital LLC acquired a new position in Pearson in the 4th quarter worth about $288,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Pearson by 6.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,239,694 shares of the company’s stock worth $27,526,000 after purchasing an additional 142,801 shares in the last quarter. 2.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PSO. StockNews.com upgraded Pearson from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Citigroup upgraded shares of Pearson to a “strong-buy” rating in a report on Tuesday, July 30th.

Pearson Stock Performance

Shares of NYSE PSO opened at $13.64 on Friday. The business’s 50-day simple moving average is $13.56 and its 200-day simple moving average is $12.87. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.72. Pearson plc has a 52 week low of $10.31 and a 52 week high of $14.20.

Pearson Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 9th were issued a dividend of $0.095 per share. The ex-dividend date was Friday, August 9th. This represents a yield of 2.2%.

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.