Insider Selling: Perdoceo Education Co. (NASDAQ:PRDO) CFO Sells 11,914 Shares of Stock

Perdoceo Education Co. (NASDAQ:PRDO) CFO Ashish R. Ghia sold 11,914 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $25.50, for a total value of $303,807.00. Following the transaction, the chief financial officer now owns 240,216 shares in the company, valued at $6,125,508. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Perdoceo Education Price Performance

PRDO stock opened at $25.43 on Friday. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 0.75 and a beta of 1.04. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $26.68 and a 200-day moving average of $25.24. Perdoceo Education Co. has a 12-month low of $16.56 and a 12-month high of $29.84.

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

Perdoceo Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 2.04%. Perdoceo Education’s payout ratio is 23.64%.

Wall Street Analysts Forecast Growth

PRDO has been the topic of a number of recent analyst reports. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Barrington Research upped their price target on shares of Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th.

Hedge Funds Weigh In On Perdoceo Education

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP purchased a new position in shares of Perdoceo Education during the 3rd quarter worth approximately $9,374,000. 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 acquiring an additional 33,092 shares during the last quarter. Barclays PLC lifted its position in shares of Perdoceo Education by 353.5% in the third quarter. Barclays PLC now owns 110,622 shares of the company’s stock valued at $2,460,000 after acquiring an additional 86,227 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Perdoceo Education by 9.6% during the third 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 last quarter. Finally, JPMorgan Chase & Co. increased its position in Perdoceo Education by 3.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 582,180 shares of the company’s stock worth $12,948,000 after purchasing an additional 16,720 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.