Perdoceo Education Co. (NASDAQ:PRDO) CFO Sells $921,536.91 in Stock

Perdoceo Education Co. (NASDAQ:PRDO) CFO Ashish R. Ghia sold 35,677 shares of Perdoceo Education stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $25.83, for a total transaction of $921,536.91. Following the transaction, the chief financial officer now directly owns 204,477 shares of the company’s stock, valued at $5,281,640.91. This represents a 14.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Perdoceo Education Stock Down 1.7 %

Shares of NASDAQ:PRDO opened at $25.49 on Friday. Perdoceo Education Co. has a 12 month low of $16.56 and a 12 month high of $29.84. The firm has a market cap of $1.68 billion, a P/E ratio of 11.59, a P/E/G ratio of 0.75 and a beta of 0.87. 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 company’s 50-day moving average price is $26.47 and its two-hundred day moving average price is $25.38.

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

Perdoceo Education Dividend Announcement

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

Institutional Trading of Perdoceo Education

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Verition Fund Management LLC raised its stake in shares of Perdoceo Education by 183.0% during the third quarter. Verition Fund Management LLC now owns 27,122 shares of the company’s stock worth $603,000 after buying an additional 17,538 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Perdoceo Education during the 3rd quarter valued at $228,000. Point72 Asset Management L.P. acquired a new position in shares of Perdoceo Education in the 3rd quarter valued at $133,000. Point72 DIFC Ltd bought a new position in shares of Perdoceo Education in the 3rd quarter worth $114,000. Finally, Weiss Asset Management LP bought a new stake in Perdoceo Education in the third quarter valued at about $1,043,000. 93.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PRDO. StockNews.com upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Barrington Research lifted their price objective on Perdoceo Education from $32.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th.

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.