New Oriental Education & Technology Group Inc. (NYSE:EDU) Shares Acquired by Fiera Capital Corp

Fiera Capital Corp increased its stake in New Oriental Education & Technology Group Inc. (NYSE:EDU) by 19.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,371 shares of the company’s stock after acquiring an additional 8,499 shares during the period. Fiera Capital Corp’s holdings in New Oriental Education & Technology Group were worth $3,896,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in New Oriental Education & Technology Group in the first quarter valued at approximately $952,000. Sei Investments Co. raised its holdings in shares of New Oriental Education & Technology Group by 25.8% in the 1st quarter. Sei Investments Co. now owns 178,680 shares of the company’s stock valued at $15,513,000 after purchasing an additional 36,680 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of New Oriental Education & Technology Group by 23.3% during the 1st quarter. Russell Investments Group Ltd. now owns 267,516 shares of the company’s stock worth $23,226,000 after purchasing an additional 50,635 shares during the last quarter. Barings LLC grew its stake in shares of New Oriental Education & Technology Group by 35.3% during the first quarter. Barings LLC now owns 333,147 shares of the company’s stock worth $28,924,000 after purchasing an additional 86,966 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in New Oriental Education & Technology Group by 16.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 27,912 shares of the company’s stock valued at $2,423,000 after buying an additional 3,944 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Morgan Stanley set a $83.00 price target on New Oriental Education & Technology Group in a report on Thursday, October 17th. Citigroup lowered their price target on New Oriental Education & Technology Group from $127.00 to $106.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, StockNews.com raised shares of New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.67.

New Oriental Education & Technology Group Stock Down 1.6 %

NYSE:EDU opened at $60.30 on Friday. The company has a market capitalization of $10.23 billion, a PE ratio of 25.77 and a beta of 0.49. New Oriental Education & Technology Group Inc. has a 52-week low of $56.18 and a 52-week high of $98.20. The stock’s 50 day moving average price is $66.13 and its 200 day moving average price is $72.23.

New Oriental Education & Technology Group (NYSE:EDU) last announced its earnings results on Wednesday, October 23rd. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.27. New Oriental Education & Technology Group had a net margin of 8.38% and a return on equity of 9.43%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the company posted $0.99 EPS. The company’s quarterly revenue was up 30.5% on a year-over-year basis. As a group, sell-side analysts anticipate that New Oriental Education & Technology Group Inc. will post 2.94 EPS for the current fiscal year.

New Oriental Education & Technology Group Dividend Announcement

The firm also recently announced a — dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Monday, September 9th.

New Oriental Education & Technology Group Profile

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People’s Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.