Perdoceo Education Co. (NASDAQ:PRDO) CEO Sells $327,888.88 in Stock

Perdoceo Education Co. (NASDAQ:PRDO) CEO Todd S. Nelson sold 12,472 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total value of $327,888.88. Following the transaction, the chief executive officer now directly owns 615,697 shares in the company, valued at approximately $16,186,674.13. This represents a 1.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Perdoceo Education Stock Up 0.0 %

PRDO opened at $25.69 on Wednesday. The business has a fifty day moving average of $26.22 and a 200 day moving average of $23.57. The stock has a market cap of $1.69 billion, a P/E ratio of 12.91, a PEG ratio of 0.81 and a beta of 1.06. Perdoceo Education Co. has a 52-week low of $16.12 and a 52-week high of $29.47.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. The firm had revenue of $169.83 million during the quarter, compared to analyst estimates of $164.60 million. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. During the same period in the previous year, the firm earned $0.64 earnings per share. The business’s revenue was down 5.6% on a year-over-year basis. Equities analysts anticipate that Perdoceo Education Co. will post 2.27 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.02%. The ex-dividend date was Monday, December 2nd. Perdoceo Education’s dividend payout ratio is presently 26.13%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PRDO. Victory Capital Management Inc. raised its position in Perdoceo Education by 71.3% during the 3rd quarter. Victory Capital Management Inc. now owns 73,819 shares of the company’s stock valued at $1,642,000 after purchasing an additional 30,725 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Perdoceo Education by 2.5% in the second quarter. Renaissance Technologies LLC now owns 4,505,687 shares of the company’s stock valued at $96,512,000 after acquiring an additional 107,918 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Perdoceo Education in the third quarter worth about $9,374,000. Quest Partners LLC grew its holdings in Perdoceo Education by 1,107.5% during the 3rd quarter. Quest Partners LLC now owns 22,012 shares of the company’s stock worth $490,000 after acquiring an additional 20,189 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Perdoceo Education by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,803,391 shares of the company’s stock valued at $40,114,000 after purchasing an additional 33,092 shares during the period. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.