According to Zacks, “Pearson is a global media conglomerate. They publish books, periodicals, reports and screen-based services for professional communities worldwide, under brand names which include the Financial Times, Pitman Publishing and Churchill Livingstone. “
Separately, JPMorgan Chase & Co. set a $45.00 target price on Ciena and gave the company a buy rating in a research report on Friday, March 22nd.
A number of hedge funds have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. acquired a new position in Pearson during the 1st quarter valued at about $93,000. CIBC World Markets Inc. acquired a new position in Pearson during the 1st quarter valued at about $275,000. US Bancorp DE boosted its stake in Pearson by 28.3% during the 1st quarter. US Bancorp DE now owns 457,624 shares of the company’s stock valued at $5,025,000 after purchasing an additional 100,955 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Pearson by 21.2% during the 1st quarter. Quadrant Capital Group LLC now owns 12,044 shares of the company’s stock valued at $130,000 after purchasing an additional 2,104 shares during the last quarter. Finally, RFG Advisory LLC acquired a new position in Pearson during the 1st quarter valued at about $176,000. Institutional investors and hedge funds own 1.31% of the company’s stock.
Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through three segments: North America, Core, and Growth. It offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.
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