Key Points
- Insider John Terrence Woods sold 19,453 PXED shares for approximately $503,638, reducing his position by 23.68%. The sale occurred under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards; he also sold 850 shares for $21,250.
- Phoenix Education Partners reported quarterly EPS of $1.43, exceeding the $1.28 consensus estimate, on revenue of $271.8 million. The company posted an 8.18% net margin and 60.06% return on equity.
- PXED opened at $24.14, below its 50-day and 200-day moving averages, amid recent selling pressure. Analysts maintain a generally positive outlook with a “Moderate Buy” consensus and average price target of $40.60, though several firms recently lowered their targets.
Phoenix Education Partners, Inc. (NYSE:PXED - Get Free Report) insider John Terrence Woods sold 850 shares of the firm'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 transaction, the insider directly owned 62,682 shares in the company, valued at $1,567,050. This represents a 1.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 stock was sold at an average price of $25.89, for a total value of $503,638.17.
Phoenix Education Partners Stock Down 0.9%
Shares of Phoenix Education Partners stock opened at $24.14 on Wednesday. The stock has a market capitalization of $870.28 million and a price-to-earnings ratio of 5.50. Phoenix Education Partners, Inc. has a twelve month low of $23.52 and a twelve month high of $38.19. The company has a current ratio of 1.91, a quick ratio of 1.92 and a debt-to-equity ratio of 0.17. The business's 50 day simple moving average is $27.16 and its 200-day simple moving average is $29.25.
Phoenix Education Partners (NYSE:PXED - Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.15. Phoenix Education Partners had a return on equity of 60.06% and a net margin of 8.18%. The business had revenue of $271.80 million for the quarter. Equities research analysts forecast that Phoenix Education Partners, Inc. will post 4.46 earnings per share for the current year.
Key Headlines Impacting Phoenix Education Partners
Here are the key news stories impacting Phoenix Education Partners this week:
- Positive Sentiment: Morgan Stanley reduced its price target to $38 from $40 but maintained an “overweight” rating. The revised target still implies substantial upside from recent levels, signaling that the firm views the pullback as potentially attractive. Morgan Stanley price target report
- Neutral Sentiment: John Terrence Woods sold 850 shares for approximately $21,250 on October 12, following a larger sale of 19,453 shares for about $503,638 on October 9. Both transactions were conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding obligations tied to vested equity awards, which makes them less indicative of a negative outlook. SEC insider transaction filing
- Neutral Sentiment: A recent report highlights a critical survey involving Phoenix Education Partners and Nerdy, but the available headline provides no details on the survey’s findings or financial implications. Phoenix Education Partners and Nerdy survey
- Negative Sentiment: A separate report noted that PXED shares gapped down, reflecting recent selling pressure and weaker technical momentum. The stock’s position below its moving averages may be reinforcing investor caution. Phoenix Education Partners shares gap down
Institutional Investors Weigh In On Phoenix Education Partners
A number of hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new position in Phoenix Education Partners in the 2nd quarter worth approximately $26,000. Legal & General Group Plc bought a new stake in Phoenix Education Partners during the 2nd quarter valued at $64,000. State of Wyoming bought a new stake in Phoenix Education Partners during the 2nd quarter valued at $78,000. Meeder Asset Management Inc. bought a new stake in Phoenix Education Partners during the 2nd quarter valued at $191,000. Finally, Hsbc Holdings PLC acquired a new position in Phoenix Education Partners during the 2nd quarter worth $281,000.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on PXED shares. Jefferies Financial Group raised Phoenix Education Partners to a "strong-buy" rating in a research report on Wednesday, September 23rd. BMO Capital Markets reduced their price target on shares of Phoenix Education Partners from $36.00 to $33.00 and set an "outperform" rating for the company in a report on Monday, October 5th. Morgan Stanley lowered their price target on shares of Phoenix Education Partners from $40.00 to $38.00 and set an "overweight" rating for the company in a research report on Tuesday. Zacks Research upgraded shares of Phoenix Education Partners from a "strong sell" rating to a "hold" rating in a research report on Thursday, October 1st. Finally, Wall Street Zen cut shares of Phoenix Education Partners from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $40.60.
View Our Latest Stock Analysis on PXED
Phoenix Education Partners Company Profile
(
Get Free Report)
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.
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