Perdoceo Education Co. (NASDAQ:PRDO) Insider Michele A. Peppers Sells 4,038 Shares

Perdoceo Education Co. (NASDAQ:PRDO) insider Michele A. Peppers sold 4,038 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $32.00, for a total value of $129,216.00. Following the sale, the insider now directly owns 45,876 shares of the company’s stock, valued at approximately $1,468,032. This represents a 8.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Perdoceo Education Stock Up 1.0%

PRDO stock opened at $31.22 on Friday. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.05 billion, a PE ratio of 14.19, a PEG ratio of 0.75 and a beta of 0.79. Perdoceo Education Co. has a twelve month low of $20.23 and a twelve month high of $32.03. The stock has a 50-day simple moving average of $26.35 and a two-hundred day simple moving average of $26.55.

Perdoceo Education (NASDAQ:PRDO) last posted its earnings results on Thursday, May 1st. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. The business had revenue of $213.00 million during the quarter, compared to analyst estimates of $207.97 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS. On average, equities analysts predict that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Sunday, June 1st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.67%. Perdoceo Education’s dividend payout ratio (DPR) is presently 23.01%.

Institutional Trading of Perdoceo Education

A number of hedge funds have recently bought and sold shares of PRDO. Castlekeep Investment Advisors LLC bought a new stake in Perdoceo Education in the 4th quarter worth approximately $47,129,000. Nuveen LLC bought a new stake in Perdoceo Education in the 1st quarter worth approximately $18,758,000. Bank of New York Mellon Corp lifted its position in Perdoceo Education by 58.9% in the first quarter. Bank of New York Mellon Corp now owns 1,088,105 shares of the company’s stock valued at $27,398,000 after purchasing an additional 403,157 shares during the last quarter. Boston Partners lifted its position in Perdoceo Education by 41.1% in the fourth quarter. Boston Partners now owns 1,209,899 shares of the company’s stock valued at $32,379,000 after purchasing an additional 352,470 shares during the last quarter. Finally, Millennium Management LLC lifted its position 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 purchasing an additional 275,129 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Barrington Research raised their target price on Perdoceo Education from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. StockNews.com lowered Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 5th.

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.