Ashish R. Ghia Sells 11,914 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDO - Get Free Report) CFO Ashish R. Ghia sold 11,914 shares of Perdoceo Education stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $25.50, for a total value of $303,807.00. Following the sale, the chief financial officer now owns 240,216 shares of the company's stock, valued at approximately $6,125,508. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Perdoceo Education Stock Performance

PRDO traded up $0.94 on Tuesday, hitting $26.12. The company had a trading volume of 592,641 shares, compared to its average volume of 474,992. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 0.75 and a beta of 1.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45. The company's fifty day moving average price is $26.60 and its 200 day moving average price is $25.35. Perdoceo Education Co. has a 1-year low of $16.56 and a 1-year high of $29.84.

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 for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The business had revenue of $176.43 million during the quarter, compared to analysts' expectations of $160.12 million. Equities analysts predict that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

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Perdoceo Education Dividend Announcement

The firm also recently disclosed 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 was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.99%. Perdoceo Education's payout ratio is presently 23.64%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Barrington Research raised their target price on Perdoceo Education from $32.00 to $35.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th.

Hedge Funds Weigh In On Perdoceo Education

Large investors have recently made changes to their positions in the business. Castlekeep Investment Advisors LLC acquired a new position in Perdoceo Education during the 4th quarter valued at $47,129,000. Wellington Management Group LLP bought a new position in Perdoceo Education in the third quarter worth $9,374,000. Boston Partners increased its holdings in Perdoceo Education by 41.1% in the 4th quarter. Boston Partners now owns 1,209,899 shares of the company's stock valued at $32,379,000 after buying an additional 352,470 shares during the period. Millennium Management LLC increased its stake in Perdoceo Education by 46.1% in the fourth quarter. Millennium Management LLC now owns 871,572 shares of the company's stock valued at $23,071,000 after acquiring an additional 275,129 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of Perdoceo Education by 7.9% in 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

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.