Perdoceo Education Co. (NASDAQ:PRDO - Get Free Report) CEO Todd S. Nelson sold 38,984 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $24.66, for a total transaction of $961,345.44. Following the transaction, the chief executive officer now owns 644,047 shares of the company's stock, valued at approximately $15,882,199.02. This represents a 5.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Perdoceo Education Price Performance
PRDO stock traded down $0.26 during trading on Friday, hitting $25.43. 292,147 shares of the stock traded hands, compared to its average volume of 473,656. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 0.75 and a beta of 1.04. Perdoceo Education Co. has a one year low of $16.56 and a one year high of $29.84. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01. The company has a 50 day simple moving average of $26.73 and a 200 day simple moving average of $25.21.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. The company had revenue of $176.43 million during the quarter, compared to analysts' expectations of $160.12 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. Equities analysts expect that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.
Perdoceo Education Announces Dividend
The firm 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 of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.04%. Perdoceo Education's dividend payout ratio (DPR) is presently 23.64%.
Analyst Upgrades and Downgrades
PRDO has been the subject of a number of recent research reports. Barrington Research increased their target price on Perdoceo Education from $32.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. StockNews.com upgraded Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 11th.
Check Out Our Latest Stock Report on Perdoceo Education
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in PRDO. Castlekeep Investment Advisors LLC acquired a new stake in Perdoceo Education in the 4th quarter valued at about $47,129,000. Wellington Management Group LLP bought a new stake in shares of Perdoceo Education during the third quarter valued at approximately $9,374,000. Boston Partners increased its holdings in shares of Perdoceo Education by 41.1% in the fourth 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 raised its position in Perdoceo Education by 46.1% in the 4th quarter. Millennium Management LLC now owns 871,572 shares of the company's stock worth $23,071,000 after purchasing an additional 275,129 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Perdoceo Education by 7.9% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.
About Perdoceo Education
(
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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.
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