Perdoceo Education Co. (NASDAQ:PRDO) CFO Ashish R. Ghia Sells 6,236 Shares

Perdoceo Education Co. (NASDAQ:PRDO) CFO Ashish R. Ghia sold 6,236 shares of Perdoceo Education stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $25.00, for a total transaction of $155,900.00. Following the completion of the transaction, the chief financial officer now owns 252,130 shares in the company, valued at approximately $6,303,250. This trade represents a 2.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Perdoceo Education Trading Up 1.7 %

NASDAQ PRDO opened at $25.69 on Friday. The firm’s 50 day moving average price is $26.73 and its two-hundred day moving average price is $25.21. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 0.75 and a beta of 1.04. Perdoceo Education Co. has a twelve month low of $16.56 and a twelve month high of $29.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $176.43 million during the quarter, compared to analysts’ expectations of $160.12 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. Equities analysts anticipate that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Friday, February 28th. Perdoceo Education’s dividend payout ratio (DPR) is presently 23.64%.

Institutional Trading of Perdoceo Education

A number of institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of Perdoceo Education by 63.0% during the 4th quarter. Wellington Management Group LLP now owns 686,873 shares of the company’s stock valued at $18,182,000 after buying an additional 265,401 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Perdoceo Education in the fourth quarter valued at approximately $3,454,000. Castlekeep Investment Advisors LLC bought a new stake in Perdoceo Education in the fourth quarter worth approximately $1,759,000. Squarepoint Ops LLC acquired a new position in shares of Perdoceo Education during the 4th quarter worth $6,134,000. Finally, Two Sigma Advisers LP raised its holdings in shares of Perdoceo Education by 70.0% during the 4th quarter. Two Sigma Advisers LP now owns 17,000 shares of the company’s stock valued at $450,000 after purchasing an additional 7,000 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PRDO shares. Barrington Research raised their price objective on Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 11th.

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.