John Robert Kline Sells 12,148 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDO) SVP John Robert Kline sold 12,148 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $25.79, for a total value of $313,296.92. Following the completion of the sale, the senior vice president now owns 130,405 shares of the company’s stock, valued at $3,363,144.95. This represents a 8.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

John Robert Kline also recently made the following trade(s):

• On Friday, November 15th, John Robert Kline sold 30,574 shares of Perdoceo Education stock. The shares were sold at an average price of $26.47, for a total value of $809,293.78.

Perdoceo Education Price Performance

Shares of NASDAQ PRDO opened at $26.38 on Friday. The business has a fifty day moving average price of $26.38 and a 200 day moving average price of $23.61. Perdoceo Education Co. has a 1-year low of $16.12 and a 1-year high of $29.47. The stock has a market capitalization of $1.73 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06.

Perdoceo Education (NASDAQ:PRDO) last released 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 net margin of 20.42% and a return on equity of 15.58%. The business had revenue of $169.83 million during the quarter, compared to analyst estimates of $164.60 million. During the same period in the prior year, the firm posted $0.64 earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis. As a group, equities research analysts anticipate that Perdoceo Education Co. will post 2.27 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Monday, December 2nd. Perdoceo Education’s payout ratio is presently 26.13%.

Institutional Trading of Perdoceo Education

Several hedge funds and other institutional investors have recently made changes to their positions in PRDO. Dimensional Fund Advisors LP increased its position in Perdoceo Education by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,069,173 shares of the company’s stock valued at $108,580,000 after buying an additional 28,909 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Perdoceo Education by 2.5% in the 2nd quarter. Renaissance Technologies LLC now owns 4,505,687 shares of the company’s stock worth $96,512,000 after purchasing an additional 107,918 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Perdoceo Education by 24.3% in the 2nd quarter. Pacer Advisors Inc. now owns 2,650,123 shares of the company’s stock worth $56,766,000 after purchasing an additional 518,048 shares in the last quarter. LSV Asset Management grew its position in Perdoceo Education by 3.9% during the 2nd quarter. LSV Asset Management now owns 2,010,254 shares of the company’s stock worth $43,060,000 after purchasing an additional 75,293 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Perdoceo Education by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,803,391 shares of the company’s stock worth $40,114,000 after buying an additional 33,092 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

PRDO has been the topic of a number of research reports. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 8th. Barrington Research lifted their price objective on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th.

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.