StockNews.com upgraded shares of Perdoceo Education (NASDAQ:PRDO - Free Report) from a buy rating to a strong-buy rating in a research note released on Tuesday morning.
Separately, Barrington Research reiterated an "outperform" rating and set a $32.00 price target on shares of Perdoceo Education in a report on Friday, February 7th.
Get Our Latest Report on Perdoceo Education
Perdoceo Education Stock Up 0.6 %
Shares of NASDAQ:PRDO traded up $0.16 on Tuesday, reaching $28.46. The company had a trading volume of 454,219 shares, compared to its average volume of 373,151. Perdoceo Education has a twelve month low of $16.12 and a twelve month high of $29.47. The stock has a 50-day moving average price of $27.31 and a 200 day moving average price of $24.62. The stock has a market capitalization of $1.87 billion, a P/E ratio of 14.30, a P/E/G ratio of 0.80 and a beta of 1.07.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.53 by $0.06. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The company had revenue of $169.83 million for the quarter, compared to the consensus estimate of $164.60 million. During the same quarter last year, the company posted $0.64 earnings per share. The company's revenue for the quarter was down 5.6% compared to the same quarter last year. On average, sell-side analysts predict that Perdoceo Education will post 2.27 earnings per share for the current fiscal year.
Perdoceo Education Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Friday, February 28th. Perdoceo Education's dividend payout ratio (DPR) is currently 26.13%.
Insider Buying and Selling at Perdoceo Education
In related news, SVP John Robert Kline sold 12,148 shares of Perdoceo Education stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $25.79, for a total transaction of $313,296.92. Following the sale, the senior vice president now directly owns 130,405 shares of the company's stock, valued at $3,363,144.95. This trade represents a 8.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Todd S. Nelson sold 12,472 shares of Perdoceo Education stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $26.29, for a total value of $327,888.88. Following the sale, the chief executive officer now directly owns 615,697 shares in the company, valued at approximately $16,186,674.13. This trade represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,020 shares of company stock valued at $732,102 in the last 90 days. 1.81% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of PRDO. Smartleaf Asset Management LLC raised its stake in shares of Perdoceo Education by 227.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock valued at $34,000 after buying an additional 913 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Perdoceo Education by 38.7% during the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company's stock valued at $38,000 after acquiring an additional 492 shares in the last quarter. Quarry LP increased its stake in Perdoceo Education by 223.6% in the fourth quarter. Quarry LP now owns 1,793 shares of the company's stock valued at $47,000 after acquiring an additional 1,239 shares during the period. R Squared Ltd acquired a new position in Perdoceo Education in the fourth quarter worth about $60,000. Finally, KBC Group NV raised its position in Perdoceo Education by 47.5% in the fourth quarter. KBC Group NV now owns 3,696 shares of the company's stock worth $98,000 after purchasing an additional 1,190 shares in the last quarter. 93.46% of the stock is owned by institutional investors.
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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