Pearson (NYSE:PSO) Rating Increased to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Pearson (NYSE:PSO) to a strong-buy rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, StockNews.com lowered shares of Pearson from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

Pearson Stock Down 1.2 %

Shares of PSO stock opened at $16.68 on Thursday. The company has a quick ratio of 1.72, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The business’s fifty day moving average is $15.95 and its 200 day moving average is $14.57. Pearson has a twelve month low of $11.69 and a twelve month high of $16.91.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSO. Truist Financial Corp boosted its holdings in Pearson by 15.9% in the fourth quarter. Truist Financial Corp now owns 11,842 shares of the company’s stock worth $191,000 after acquiring an additional 1,625 shares in the last quarter. ABC Arbitrage SA bought a new position in Pearson in the 4th quarter worth about $4,780,000. Savant Capital LLC purchased a new stake in Pearson during the 4th quarter valued at about $181,000. Blue Trust Inc. increased its stake in Pearson by 53.6% during the 4th quarter. Blue Trust Inc. now owns 38,697 shares of the company’s stock valued at $624,000 after purchasing an additional 13,499 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in Pearson by 0.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 154,460 shares of the company’s stock worth $2,490,000 after buying an additional 1,122 shares during the last quarter. 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.