Federated Investors Inc. PA Raises Stake in 2U Inc (NASDAQ:TWOU)

Federated Investors Inc. PA boosted its position in 2U Inc (NASDAQ:TWOU) by 10.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 215,200 shares of the software maker’s stock after purchasing an additional 20,000 shares during the period. Federated Investors Inc. PA owned approximately 0.37% of 2U worth $15,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rehmann Capital Advisory Group purchased a new position in 2U during the fourth quarter valued at approximately $34,000. Captrust Financial Advisors increased its holdings in 2U by 352.8% during the fourth quarter. Captrust Financial Advisors now owns 1,046 shares of the software maker’s stock valued at $52,000 after buying an additional 815 shares during the period. Icon Wealth Partners LLC purchased a new position in 2U during the first quarter valued at approximately $55,000. Daiwa Securities Group Inc. increased its holdings in 2U by 41.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,630 shares of the software maker’s stock valued at $81,000 after buying an additional 480 shares during the period. Finally, FUKOKU MUTUAL LIFE INSURANCE Co purchased a new position in 2U during the first quarter valued at approximately $85,000.

NASDAQ TWOU traded up $1.00 on Monday, reaching $38.64. 685,611 shares of the company’s stock traded hands, compared to its average volume of 754,225. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of -61.33 and a beta of 0.93. The business has a 50 day moving average of $37.94. 2U Inc has a fifty-two week low of $34.26 and a fifty-two week high of $94.40. The company has a debt-to-equity ratio of 0.08, a quick ratio of 5.11 and a current ratio of 5.11.

2U (NASDAQ:TWOU) last posted its earnings results on Tuesday, May 7th. The software maker reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.03. The company had revenue of $122.20 million during the quarter, compared to the consensus estimate of $121.77 million. 2U had a negative net margin of 10.19% and a negative return on equity of 5.85%. The firm’s quarterly revenue was up 32.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.12) earnings per share. On average, analysts expect that 2U Inc will post -1.23 EPS for the current fiscal year.

In related news, insider Matthew J. Norden sold 1,650 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $39.31, for a total transaction of $64,861.50. Following the completion of the transaction, the insider now owns 14,142 shares in the company, valued at approximately $555,922.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gregory K. Peters purchased 12,459 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was purchased at an average cost of $40.15 per share, with a total value of $500,228.85. Following the purchase, the director now owns 25,744 shares in the company, valued at $1,033,621.60. The disclosure for this purchase can be found here. Corporate insiders own 4.92% of the company’s stock.

Several equities analysts have issued reports on the stock. BidaskClub lowered shares of 2U from a “sell” rating to a “strong sell” rating in a report on Saturday, June 1st. TheStreet lowered shares of 2U from a “c-” rating to a “d” rating in a report on Tuesday, May 21st. ValuEngine lowered shares of 2U from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Oppenheimer cut their price target on shares of 2U from $83.00 to $67.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Finally, Piper Jaffray Companies cut their price target on shares of 2U from $78.00 to $57.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $75.09.

2U Company Profile

2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.

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Institutional Ownership by Quarter for 2U (NASDAQ:TWOU)

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