Perdoceo Education Co. (NASDAQ:PRDO) CFO Sells $155,900.00 in Stock

Perdoceo Education Co. (NASDAQ:PRDO) CFO Ashish R. Ghia sold 6,236 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $25.00, for a total transaction of $155,900.00. Following the completion of the sale, the chief financial officer now owns 252,130 shares of the company’s stock, valued at approximately $6,303,250. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Perdoceo Education Trading Up 0.2 %

Shares of PRDO stock traded up $0.05 during mid-day trading on Wednesday, reaching $25.25. The company’s stock had a trading volume of 323,305 shares, compared to its average volume of 442,513. The company’s 50 day simple moving average is $26.80 and its 200-day simple moving average is $25.21. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. Perdoceo Education Co. has a 12-month low of $16.56 and a 12-month high of $29.84. The firm has a market capitalization of $1.66 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 0.75 and a beta of 1.04.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $176.43 million during the quarter, compared to the consensus estimate of $160.12 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. On average, research analysts predict that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were paid a $0.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 2.06%. Perdoceo Education’s dividend payout ratio (DPR) is presently 23.64%.

Analysts Set New Price Targets

Several brokerages recently weighed in on PRDO. Barrington Research increased their target price on Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 11th.

Hedge Funds Weigh In On Perdoceo Education

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC purchased a new stake in shares of Perdoceo Education during the fourth quarter worth about $47,129,000. Wellington Management Group LLP purchased a new stake in Perdoceo Education during the 3rd quarter worth approximately $9,374,000. Boston Partners raised its position in shares of Perdoceo Education by 41.1% in the 4th quarter. Boston Partners now owns 1,209,899 shares of the company’s stock valued at $32,379,000 after purchasing an additional 352,470 shares in the last quarter. Millennium Management LLC grew its position in shares of Perdoceo Education by 46.1% during the fourth quarter. Millennium Management LLC now owns 871,572 shares of the company’s stock worth $23,071,000 after buying an additional 275,129 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Perdoceo Education by 7.9% in the fourth quarter. First Trust Advisors LP now owns 3,296,208 shares of the company’s stock worth $87,251,000 after buying an additional 241,147 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

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.