Perdoceo Education Co. (NASDAQ:PRDO) SVP Elise Baskel Sells 17,818 Shares

Perdoceo Education Co. (NASDAQ:PRDO) SVP Elise Baskel sold 17,818 shares of Perdoceo Education stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $24.16, for a total value of $430,482.88. Following the completion of the transaction, the senior vice president now directly owns 93,354 shares in the company, valued at approximately $2,255,432.64. This represents a 16.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Perdoceo Education Trading Up 0.4 %

PRDO traded up $0.10 during trading on Friday, hitting $24.58. The company’s stock had a trading volume of 3,755,491 shares, compared to its average volume of 445,623. Perdoceo Education Co. has a twelve month low of $16.56 and a twelve month high of $29.84. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average price is $26.87 and its 200-day moving average price is $25.09. The firm has a market capitalization of $1.62 billion, a P/E ratio of 11.17, a PEG ratio of 0.75 and a beta of 1.04.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm 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%. Analysts anticipate that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were issued a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 2.12%. Perdoceo Education’s dividend payout ratio is 23.64%.

Institutional Investors Weigh In On Perdoceo Education

Several hedge funds and other institutional investors have recently modified their holdings of PRDO. Atria Investments Inc bought a new stake in shares of Perdoceo Education during the third quarter valued at approximately $234,000. Victory Capital Management Inc. grew its holdings in Perdoceo Education by 71.3% during the third quarter. Victory Capital Management Inc. now owns 73,819 shares of the company’s stock worth $1,642,000 after buying an additional 30,725 shares in the last quarter. Quest Partners LLC grew its holdings in Perdoceo Education by 1,107.5% during the third quarter. Quest Partners LLC now owns 22,012 shares of the company’s stock worth $490,000 after buying an additional 20,189 shares in the last quarter. Banque Cantonale Vaudoise grew its holdings in Perdoceo Education by 59.7% during the third quarter. Banque Cantonale Vaudoise now owns 10,606 shares of the company’s stock worth $236,000 after buying an additional 3,966 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in Perdoceo Education by 23.8% during the third quarter. Jennison Associates LLC now owns 53,170 shares of the company’s stock worth $1,183,000 after buying an additional 10,231 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barrington Research boosted their price target on Perdoceo Education from $32.00 to $35.00 and gave the company an “outperform” rating in a research note 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.

About Perdoceo Education

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.