John Robert Kline Sells 12,148 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDO) SVP John Robert Kline sold 12,148 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $25.79, for a total value of $313,296.92. Following the completion of the sale, the senior vice president now owns 130,405 shares in the company, valued at approximately $3,363,144.95. This represents a 8.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

John Robert Kline also recently made the following trade(s):

• On Friday, November 15th, John Robert Kline sold 30,574 shares of Perdoceo Education stock. The shares were sold at an average price of $26.47, for a total transaction of $809,293.78.

Perdoceo Education Trading Up 2.7 %

Shares of NASDAQ:PRDO opened at $26.38 on Friday. The company has a market capitalization of $1.73 billion, a PE ratio of 13.26, a PEG ratio of 0.81 and a beta of 1.06. Perdoceo Education Co. has a 12-month low of $16.12 and a 12-month high of $29.47. The business has a 50 day moving average of $26.38 and a two-hundred day moving average of $23.61.

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

Perdoceo Education Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were paid a $0.13 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.52 annualized dividend and a dividend yield of 1.97%. Perdoceo Education’s dividend payout ratio is presently 26.13%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Perdoceo Education

Large investors have recently bought and sold shares of the business. Pacer Advisors Inc. grew its holdings in Perdoceo Education by 24.3% in the second quarter. Pacer Advisors Inc. now owns 2,650,123 shares of the company’s stock valued at $56,766,000 after purchasing an additional 518,048 shares during the period. Wellington Management Group LLP acquired a new stake in Perdoceo Education in the 3rd quarter valued at $9,374,000. Millennium Management LLC increased its holdings in Perdoceo Education by 944.8% in the 2nd quarter. Millennium Management LLC now owns 246,659 shares of the company’s stock worth $5,283,000 after acquiring an additional 223,050 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Perdoceo Education in the 2nd quarter worth $2,519,000. Finally, Renaissance Technologies LLC raised its position in Perdoceo Education by 2.5% during the second quarter. Renaissance Technologies LLC now owns 4,505,687 shares of the company’s stock worth $96,512,000 after acquiring an additional 107,918 shares during the period. 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.