Perdoceo Education Co. (NASDAQ:PRDO - Get Free Report) CFO Ashish R. Ghia sold 35,677 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $25.83, for a total transaction of $921,536.91. Following the sale, the chief financial officer now owns 204,477 shares of the company's stock, valued at $5,281,640.91. The trade was a 14.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Perdoceo Education Stock Down 1.3 %
PRDO stock traded down $0.32 during midday trading on Tuesday, reaching $24.98. The company had a trading volume of 659,474 shares, compared to its average volume of 480,184. The company has a 50 day moving average of $26.28 and a two-hundred day moving average of $25.47. The company has a market capitalization of $1.65 billion, a P/E ratio of 11.35, a PEG ratio of 0.75 and a beta of 0.87. Perdoceo Education Co. has a 1 year low of $16.56 and a 1 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.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The firm 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%. On average, equities research analysts expect that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.
Perdoceo Education Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 2.08%. Perdoceo Education's dividend payout ratio is presently 23.64%.
Institutional Trading of Perdoceo Education
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in shares of Perdoceo Education by 5,773.0% during the first quarter. GAMMA Investing LLC now owns 22,435 shares of the company's stock worth $565,000 after buying an additional 22,053 shares during the last quarter. Wellington Management Group LLP raised its stake in Perdoceo Education by 63.0% during the 4th quarter. Wellington Management Group LLP now owns 686,873 shares of the company's stock valued at $18,182,000 after purchasing an additional 265,401 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Perdoceo Education in the 4th quarter valued at $3,454,000. Castlekeep Investment Advisors LLC acquired a new stake in Perdoceo Education in the 4th quarter worth $1,759,000. Finally, Squarepoint Ops LLC acquired a new stake in Perdoceo Education in the 4th quarter worth $6,134,000. Institutional investors and hedge funds own 93.46% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on PRDO shares. Barrington Research boosted 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 upgraded Perdoceo Education from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 11th.
Get Our Latest Analysis on Perdoceo Education
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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