Insider Selling: Ronald L. Taylor Sells 2,500 Shares of DeVry Education Group Stock (DV)
DeVry Education Group (NYSE:DV) Director Ronald L. Taylor sold 2,500 shares of the company’s stock on the open market in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $45.00, for a total value of $112,500.00. Following the completion of the transaction, the director now directly owns 995,631 shares of the company’s stock, valued at approximately $44,803,395. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of DeVry Education Group (NYSE:DV) traded up 0.34% during mid-day trading on Friday, hitting $44.81. 720,841 shares of the company’s stock traded hands. DeVry Education Group has a 1-year low of $27.34 and a 1-year high of $47.73. The stock has a 50-day moving average of $41.18 and a 200-day moving average of $37.74. The company has a market cap of $2.839 billion and a price-to-earnings ratio of 44.62.
DeVry Education Group (NYSE:DV) last announced its earnings results on Thursday, April 24th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.11. The company had revenue of $496.10 million for the quarter, compared to the consensus estimate of $493.52 million. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts predict that DeVry Education Group will post $2.53 earnings per share for the current fiscal year.
A number of research firms have recently commented on DV. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of DeVry Education Group in a research note on Tuesday. They now have a $41.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of DeVry Education Group in a research note on Monday. They now have a $48.00 price target on the stock. Finally, analysts at Compass Point raised their price target on shares of DeVry Education Group from $34.00 to $44.00 in a research note on Monday. They now have a “neutral” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. DeVry Education Group presently has an average rating of “Hold” and a consensus target price of $39.90.
DeVry Education Group Inc , formerly DeVry Inc, 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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