Perdoceo Education Co. (NASDAQ:PRDO) CEO Sells $284,320.00 in Stock

Perdoceo Education Co. (NASDAQ:PRDO) CEO Todd S. Nelson sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $17.77, for a total transaction of $284,320.00. Following the completion of the sale, the chief executive officer now owns 649,367 shares of the company’s stock, valued at $11,539,251.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Perdoceo Education Trading Down 0.8 %

NASDAQ:PRDO opened at $17.56 on Friday. Perdoceo Education Co. has a 12 month low of $11.50 and a 12 month high of $19.62. The firm has a fifty day simple moving average of $17.73 and a 200-day simple moving average of $17.56. The company has a market capitalization of $1.15 billion, a P/E ratio of 8.18, a PEG ratio of 0.56 and a beta of 0.97.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. Perdoceo Education had a net margin of 20.80% and a return on equity of 17.63%. The business had revenue of $147.30 million during the quarter, compared to the consensus estimate of $146.20 million. During the same period in the previous year, the firm posted $0.31 earnings per share. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. Equities analysts forecast that Perdoceo Education Co. will post 2.12 EPS for the current year.

Perdoceo Education Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.44 annualized dividend and a dividend yield of 2.51%. Perdoceo Education’s dividend payout ratio (DPR) is presently 20.18%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Illinois Municipal Retirement Fund purchased a new position in shares of Perdoceo Education during the third quarter worth $674,000. LSV Asset Management raised its holdings in shares of Perdoceo Education by 11.2% during the third quarter. LSV Asset Management now owns 557,559 shares of the company’s stock worth $9,534,000 after purchasing an additional 56,300 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Perdoceo Education by 6.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 23,750 shares of the company’s stock worth $406,000 after purchasing an additional 1,342 shares during the last quarter. Alps Advisors Inc. purchased a new position in Perdoceo Education in the third quarter valued at $1,054,000. Finally, Brandywine Global Investment Management LLC increased its holdings in Perdoceo Education by 11.9% in the third quarter. Brandywine Global Investment Management LLC now owns 200,843 shares of the company’s stock valued at $3,434,000 after buying an additional 21,325 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PRDO. Barrington Research restated an “outperform” rating and issued a $23.00 target price on shares of Perdoceo Education in a research note on Friday, February 9th. StockNews.com upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 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.