Perdoceo Education (NASDAQ:PRDO) Earns Outperform Rating from Barrington Research

Perdoceo Education (NASDAQ:PRDO - Get Free Report)'s stock had its "outperform" rating reissued by analysts at Barrington Research in a report issued on Friday,Benzinga reports. They presently have a $32.00 target price on the stock. Barrington Research's price target indicates a potential upside of 12.87% from the stock's current price.

Separately, StockNews.com raised Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, January 29th.

Perdoceo Education Stock Down 0.4 %

NASDAQ PRDO traded down $0.10 on Friday, reaching $28.35. 180,827 shares of the stock traded hands, compared to its average volume of 372,611. Perdoceo Education has a 12 month low of $16.12 and a 12 month high of $29.47. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 0.80 and a beta of 1.07. The firm's fifty day simple moving average is $27.26 and its 200 day simple moving average is $24.55.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.06. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The firm had revenue of $169.83 million for the quarter, compared to analyst estimates of $164.60 million. During the same period in the previous year, the company earned $0.64 earnings per share. Perdoceo Education's revenue was down 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that Perdoceo Education will post 2.27 EPS for the current fiscal year.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, Director Patrick W. Gross sold 3,400 shares of Perdoceo Education stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $26.74, for a total transaction of $90,916.00. Following the transaction, the director now owns 69,635 shares of the company's stock, valued at $1,862,039.90. The trade was a 4.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP John Robert Kline sold 30,574 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $26.47, for a total transaction of $809,293.78. Following the completion of the sale, the senior vice president now directly owns 130,405 shares of the company's stock, valued at $3,451,820.35. This trade represents a 18.99 % 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 in the last three months. 1.81% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PRDO. Millennium Management LLC raised its holdings in shares of Perdoceo Education by 944.8% during the second quarter. Millennium Management LLC now owns 246,659 shares of the company's stock worth $5,283,000 after acquiring an additional 223,050 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of 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 buying an additional 492 shares during the last quarter. Vest Financial LLC grew its stake in shares of Perdoceo Education by 26.5% in the 3rd quarter. Vest Financial LLC now owns 66,728 shares of the company's stock valued at $1,484,000 after buying an additional 13,977 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Perdoceo Education by 3,465.3% in the third quarter. Farther Finance Advisors LLC now owns 6,275 shares of the company's stock worth $140,000 after buying an additional 6,099 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Perdoceo Education by 8.1% in the third quarter. Assetmark Inc. now owns 97,626 shares of the company's stock valued at $2,171,000 after acquiring an additional 7,328 shares during the last quarter. Institutional investors and hedge funds 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.