Insider Selling: Phoenix Education Partners (NYSE:PXED) Insider Sells $21,250.00 in Stock

Phoenix Education Partners, Inc. (NYSE:PXED) insider John Terrence Woods sold 850 shares of the company’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $25.00, for a total value of $21,250.00. Following the completion of the sale, the insider owned 62,682 shares of the company’s stock, valued at approximately $1,567,050. This trade represents a 1.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $25.89, for a total value of $503,638.17.

Phoenix Education Partners Trading Up 0.4%

Shares of PXED stock opened at $23.88 on Friday. The stock has a 50-day simple moving average of $26.94 and a 200 day simple moving average of $29.16. The stock has a market capitalization of $860.95 million and a P/E ratio of 11.11. Phoenix Education Partners, Inc. has a fifty-two week low of $23.52 and a fifty-two week high of $38.19. The company has a quick ratio of 1.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.17.

Phoenix Education Partners (NYSE:PXED) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.28 by $0.15. Phoenix Education Partners had a net margin of 8.18% and a return on equity of 60.06%. The firm had revenue of $271.80 million for the quarter. On average, sell-side analysts expect that Phoenix Education Partners, Inc. will post 4.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Morgan Stanley cut their target price on shares of Phoenix Education Partners from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Tuesday. B. Riley Financial reduced their target price on shares of Phoenix Education Partners from $54.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Wall Street Zen lowered shares of Phoenix Education Partners from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. BMO Capital Markets dropped their price target on Phoenix Education Partners from $36.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, October 5th. Finally, Zacks Research raised Phoenix Education Partners from a “strong sell” rating to a “hold” rating in a report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in Phoenix Education Partners in the 2nd quarter worth approximately $26,000. Legal & General Group Plc acquired a new stake in Phoenix Education Partners during the 2nd quarter valued at $64,000. State of Alaska Department of Revenue purchased a new stake in shares of Phoenix Education Partners in the third quarter valued at $51,000. State of Wyoming purchased a new stake in shares of Phoenix Education Partners in the second quarter valued at $78,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Phoenix Education Partners in the second quarter valued at $191,000.

About Phoenix Education Partners

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.