Perdoceo Education (NASDAQ:PRDO) Given Outperform Rating at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Perdoceo Education (NASDAQ:PRDO) in a report published on Friday,Benzinga reports. The firm currently has a $32.00 price target on the stock.

Separately, StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 29th.

Perdoceo Education Price Performance

NASDAQ:PRDO opened at $28.42 on Friday. The company’s fifty day moving average price is $27.24 and its 200-day moving average price is $24.51. Perdoceo Education has a 1-year low of $16.12 and a 1-year high of $29.47. The firm has a market capitalization of $1.87 billion, a P/E ratio of 14.28, a PEG ratio of 0.81 and a beta of 1.07.

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

Perdoceo Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Saturday, March 1st will be issued a $0.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 1.83%. Perdoceo Education’s payout ratio is 26.13%.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, CEO Todd S. Nelson sold 12,472 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $26.29, for a total transaction of $327,888.88. Following the completion of the sale, the chief executive officer now directly owns 615,697 shares in the company, valued at approximately $16,186,674.13. The trade was a 1.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Robert Kline sold 12,148 shares of the firm’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 transaction, the senior vice president now owns 130,405 shares in the company, valued at approximately $3,363,144.95. This trade represents a 8.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,594 shares of company stock valued at $1,541,396. 1.81% of the stock is owned by company insiders.

Hedge Funds Weigh In On Perdoceo Education

Several hedge funds and other institutional investors have recently modified their holdings of the business. Atria Investments Inc lifted its stake in Perdoceo Education by 3.6% in the 4th quarter. Atria Investments Inc now owns 10,886 shares of the company’s stock worth $288,000 after purchasing an additional 375 shares in the last quarter. Blue Trust Inc. boosted its stake in Perdoceo Education by 38.7% during the third quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock worth $38,000 after buying an additional 492 shares during the last quarter. Royce & Associates LP boosted its stake in Perdoceo Education by 1.0% during the third quarter. Royce & Associates LP now owns 85,631 shares of the company’s stock worth $1,904,000 after buying an additional 807 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Perdoceo Education by 227.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock valued at $34,000 after buying an additional 913 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Perdoceo Education by 47.5% in the 4th quarter. KBC Group NV now owns 3,696 shares of the company’s stock valued at $98,000 after buying an additional 1,190 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

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.