Perdoceo Education (NASDAQ:PRDO) Raised to Strong-Buy at StockNews.com

Perdoceo Education (NASDAQ:PRDO - Get Free Report) was upgraded by equities researchers at StockNews.com from a "buy" rating to a "strong-buy" rating in a report released on Sunday.

Separately, Barrington Research increased their target price on Perdoceo Education from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th.

Perdoceo Education Stock Down 1.3 %

Shares of Perdoceo Education stock traded down $0.36 during trading on Friday, reaching $26.88. The company's stock had a trading volume of 284,716 shares, compared to its average volume of 451,877. Perdoceo Education has a 52 week low of $16.12 and a 52 week high of $29.47. The firm has a market cap of $1.77 billion, a PE ratio of 13.51, a P/E/G ratio of 0.80 and a beta of 1.07. The business's 50-day moving average price is $23.87 and its 200-day moving average price is $22.84.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced 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. The firm had revenue of $169.83 million for the quarter, compared to analyst estimates of $164.60 million. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. The business's revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 EPS. Equities analysts predict that Perdoceo Education will post 2.27 earnings per share for the current year.

Insider Activity at Perdoceo Education

In other news, Director Patrick W. Gross sold 3,400 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $26.74, for a total value of $90,916.00. Following the sale, the director now directly owns 69,635 shares in the company, valued at approximately $1,862,039.90. This trade represents a 4.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP John Robert Kline sold 30,574 shares of the company's 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 transaction, the senior vice president now owns 130,405 shares of the company's stock, valued at approximately $3,451,820.35. This represents a 18.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,450 shares of company stock valued at $1,036,206 over the last three months. 1.81% of the stock is owned by insiders.

Institutional Investors Weigh In On Perdoceo Education

Hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. increased its position in Perdoceo Education by 9.6% in the 3rd quarter. Franklin Resources Inc. now owns 278,091 shares of the company's stock valued at $5,954,000 after acquiring an additional 24,434 shares during the period. World Investment Advisors LLC bought a new stake in shares of Perdoceo Education in the third quarter worth $647,000. Geode Capital Management LLC increased its holdings in Perdoceo Education by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,803,391 shares of the company's stock valued at $40,114,000 after purchasing an additional 33,092 shares during the period. Barclays PLC raised its position in Perdoceo Education by 353.5% during the 3rd quarter. Barclays PLC now owns 110,622 shares of the company's stock worth $2,460,000 after purchasing an additional 86,227 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in Perdoceo Education during the 3rd quarter worth $9,374,000. Institutional investors 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.