Insider Selling: David Pauldine Sells 11,000 Shares of DeVry Stock (DV)
DeVry (NYSE:DV) EVP David Pauldine sold 11,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $36.25, for a total transaction of $398,750.00. Following the sale, the executive vice president now directly owns 35,484 shares of the company’s stock, valued at approximately $1,286,295. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of DeVry (NYSE:DV) traded up 2.74% on Friday, hitting $37.18. The stock had a trading volume of 1,604,686 shares. DeVry has a 52-week low of $18.61 and a 52-week high of $34.51. The stock’s 50-day moving average is $30.26 and its 200-day moving average is $30.48. The company has a market cap of $2.342 billion and a P/E ratio of 21.96.
DeVry (NYSE:DV) last announced its earnings results on Thursday, October 24th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.23 by $0.01. The company had revenue of $450.90 million for the quarter, compared to the consensus estimate of $449.41 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was down 6.6% on a year-over-year basis. Analysts expect that DeVry will post $2.30 EPS for the current fiscal year.
DV has been the subject of a number of recent research reports. Analysts at McLean Capital Management upgraded shares of DeVry from a “neutral” rating to a “buy” rating in a research note to investors on Friday. Separately, analysts at Standpoint Research downgraded shares of DeVry from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated a “neutral” rating on shares of DeVry in a research note to investors on Monday, October 7th. They now have a $32.00 price target on the stock. Thirteen analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $29.80.
DeVry Inc (NYSE:DV) is a provider of educational services and the parent organization of Advanced Academics, American University of the Caribbean School of Medicine, Becker Professional Education, Carrington College and Carrington College California, Chamberlain College of Nursing, DeVry Brasil, DeVry University, Ross University School of Medicine and Ross University School of Veterinary Medicine.
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