Insider Selling: DeVry Education Group SVP Unloads 3,588 Shares of Stock (DV)
DeVry Education Group (NYSE:DV) SVP Sharon Thomas Parrott sold 3,588 shares of DeVry Education Group stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $43.45, for a total value of $155,898.60. Following the transaction, the senior vice president now directly owns 6,604 shares of the company’s stock, valued at approximately $286,944. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
DeVry Education Group (NYSE:DV) traded up 0.35% during mid-day trading on Friday, hitting $43.39. 268,369 shares of the company’s stock traded hands. DeVry Education Group has a 52 week low of $28.45 and a 52 week high of $47.73. The stock’s 50-day moving average is $41.85 and its 200-day moving average is $41.44. The company has a market cap of $2.761 billion and a P/E ratio of 20.89.
DeVry Education Group (NYSE:DV) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.06. The company had revenue of $485.10 million for the quarter, compared to the consensus estimate of $487.50 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts predict that DeVry Education Group will post $2.80 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on DV shares. Analysts at Barclays reiterated an “equal weight” rating on shares of DeVry Education Group in a research note on Friday. They now have a $48.00 price target on the stock, down previously from $50.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of DeVry Education Group in a research note on Friday, August 8th. They now have a $43.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of DeVry Education Group from $48.00 to $49.00 in a research note on Friday, August 8th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $43.88.
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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