Perdoceo Education (NASDAQ:PRDO) Upgraded to Strong-Buy at StockNews.com

Perdoceo Education (NASDAQ:PRDO) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.

Separately, Barrington Research reissued an “outperform” rating and set a $32.00 price target on shares of Perdoceo Education in a research note on Friday, February 7th.

Perdoceo Education Price Performance

NASDAQ:PRDO opened at $28.19 on Tuesday. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 0.80 and a beta of 1.07. The business has a 50 day simple moving average of $27.28 and a 200-day simple moving average of $24.57. Perdoceo Education has a 1 year low of $16.12 and a 1 year high of $29.47.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. The business had revenue of $169.83 million for the quarter, compared to analysts’ expectations of $164.60 million. During the same quarter in the previous year, the business posted $0.64 earnings per share. The business’s revenue was down 5.6% compared to the same quarter last year. As a group, analysts expect that Perdoceo Education will post 2.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP John Robert Kline sold 30,574 shares of Perdoceo Education stock in a transaction on Friday, November 15th. The stock was sold at an average price of $26.47, for a total value of $809,293.78. Following the transaction, the senior vice president now directly owns 130,405 shares in the company, valued at approximately $3,451,820.35. This trade represents a 18.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Todd S. Nelson sold 12,472 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $26.29, for a total value of $327,888.88. Following the sale, the chief executive officer now owns 615,697 shares of the company’s stock, valued at $16,186,674.13. This trade represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,594 shares of company stock valued at $1,541,396 over the last quarter. 1.81% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in shares of Perdoceo Education by 227.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock worth $34,000 after acquiring an additional 913 shares during the last quarter. Blue Trust Inc. increased its stake in Perdoceo Education by 38.7% during the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock valued at $38,000 after purchasing an additional 492 shares in the last quarter. R Squared Ltd purchased a new position in shares of Perdoceo Education in the fourth quarter worth $60,000. KBC Group NV lifted its stake in shares of Perdoceo Education by 47.5% during the fourth quarter. KBC Group NV now owns 3,696 shares of the company’s stock worth $98,000 after buying an additional 1,190 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Perdoceo Education by 53.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company’s stock valued at $103,000 after buying an additional 1,355 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Perdoceo Education Company Profile

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.