Elise Baskel Sells 17,818 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDO - Get Free Report) SVP Elise Baskel sold 17,818 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $24.16, for a total value of $430,482.88. Following the transaction, the senior vice president now directly owns 93,354 shares in the company, valued at $2,255,432.64. The trade was a 16.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Perdoceo Education Stock Down 0.4 %

Shares of NASDAQ:PRDO traded down $0.09 on Tuesday, reaching $25.20. The company had a trading volume of 345,968 shares, compared to its average volume of 443,413. The firm has a market capitalization of $1.66 billion, a PE ratio of 11.45, a PEG ratio of 0.75 and a beta of 1.04. 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 Co. has a 52-week low of $16.56 and a 52-week high of $29.84. The firm's 50 day simple moving average is $26.83 and its 200-day simple moving average is $25.18.

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 the consensus estimate of $0.48 by $0.02. The company had revenue of $176.43 million for the quarter, compared to analyst estimates of $160.12 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. As a group, analysts expect that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

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Perdoceo Education Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders 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 annualized dividend and a yield of 2.06%. Perdoceo Education's dividend payout ratio (DPR) is 23.64%.

Analysts Set New Price Targets

Several research analysts have issued reports 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 increased their price objective on shares of Perdoceo Education from $32.00 to $35.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th.

Hedge Funds Weigh In On Perdoceo Education

Large investors have recently made changes to their positions in the business. Atria Investments Inc lifted its stake in shares of Perdoceo Education by 3.6% during the fourth quarter. Atria Investments Inc now owns 10,886 shares of the company's stock worth $288,000 after buying an additional 375 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Perdoceo Education by 1.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,043 shares of the company's stock worth $1,457,000 after acquiring an additional 683 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Perdoceo Education by 227.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock worth $34,000 after acquiring an additional 913 shares during the period. Swiss National Bank grew its stake in Perdoceo Education by 0.8% during the 4th quarter. Swiss National Bank now owns 122,700 shares of the company's stock valued at $3,248,000 after purchasing an additional 1,000 shares during the last quarter. Finally, KBC Group NV grew its stake in Perdoceo Education by 47.5% during the 4th quarter. KBC Group NV now owns 3,696 shares of the company's stock valued at $98,000 after purchasing an additional 1,190 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

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.