Perdoceo Education Co. (NASDAQ:PRDO) CFO Sells $216,828.00 in Stock

Perdoceo Education Co. (NASDAQ:PRDO) CFO Ashish R. Ghia sold 11,412 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $19.00, for a total transaction of $216,828.00. Following the completion of the transaction, the chief financial officer now owns 226,234 shares of the company’s stock, valued at approximately $4,298,446. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Perdoceo Education Stock Performance

Shares of PRDO stock traded down $0.32 during trading hours on Tuesday, hitting $18.30. 429,583 shares of the company were exchanged, compared to its average volume of 505,413. The firm has a market cap of $1.20 billion, a P/E ratio of 8.54, a P/E/G ratio of 0.59 and a beta of 0.96. Perdoceo Education Co. has a fifty-two week low of $11.50 and a fifty-two week high of $19.62. The company has a 50 day simple moving average of $17.57 and a two-hundred day simple moving average of $17.64.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The company had revenue of $147.30 million during the quarter, compared to the consensus estimate of $146.20 million. Perdoceo Education had a net margin of 20.80% and a return on equity of 17.63%. The company’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS. As a group, sell-side analysts expect that Perdoceo Education Co. will post 2.12 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, February 29th. Perdoceo Education’s dividend payout ratio (DPR) is 20.18%.

Institutional Trading of Perdoceo Education

Several hedge funds have recently bought and sold shares of the business. Vest Financial LLC acquired a new stake in Perdoceo Education in the 1st quarter valued at $826,000. Principal Financial Group Inc. grew its position in Perdoceo Education by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 356,848 shares of the company’s stock valued at $6,266,000 after purchasing an additional 3,094 shares during the period. DGS Capital Management LLC grew its position in Perdoceo Education by 9.9% in the 1st quarter. DGS Capital Management LLC now owns 40,582 shares of the company’s stock valued at $713,000 after purchasing an additional 3,671 shares during the period. Banque Cantonale Vaudoise lifted its stake in Perdoceo Education by 9.9% during the 1st quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company’s stock valued at $110,000 after acquiring an additional 565 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in Perdoceo Education by 15.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 63,473 shares of the company’s stock valued at $1,115,000 after acquiring an additional 8,567 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on PRDO. StockNews.com downgraded shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 25th. Barrington Research reissued an “outperform” rating and set a $23.00 target price on shares of Perdoceo Education in a research report on Monday, April 15th.

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.