Pearson (NYSE:PSO) Hits New 12-Month High – Should You Buy?

Shares of Pearson plc (NYSE:PSO) hit a new 52-week high during trading on Wednesday . The company traded as high as $16.99 and last traded at $16.93, with a volume of 19547 shares trading hands. The stock had previously closed at $16.79.

Analysts Set New Price Targets

PSO has been the topic of a number of research analyst reports. StockNews.com lowered Pearson from a “buy” rating to a “hold” rating in a report on Friday, November 15th. The Goldman Sachs Group raised Pearson to a “strong-buy” rating in a research report on Thursday, January 30th.

Pearson Stock Performance

The company has a current ratio of 1.78, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $16.00 and a 200 day simple moving average of $14.65.

Hedge Funds Weigh In On Pearson

Several hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in shares of Pearson during the 4th quarter worth about $26,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Pearson by 86.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company’s stock worth $43,000 after acquiring an additional 1,462 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Pearson in the third quarter valued at $47,000. GAMMA Investing LLC boosted its holdings in shares of Pearson by 78.6% during the third quarter. GAMMA Investing LLC now owns 4,968 shares of the company’s stock worth $67,000 after acquiring an additional 2,186 shares during the period. Finally, Caprock Group LLC acquired a new position in Pearson in the 3rd quarter valued at $146,000. Institutional investors own 2.14% of the company’s stock.

About Pearson

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.