Perdoceo Education Co. (NASDAQ:PRDO) CFO Sells $155,900.00 in Stock

Perdoceo Education Co. (NASDAQ:PRDO) CFO Ashish R. Ghia sold 6,236 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $25.00, for a total transaction of $155,900.00. Following the transaction, the chief financial officer now owns 252,130 shares in the company, valued at $6,303,250. This represents a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Perdoceo Education Price Performance

NASDAQ PRDO opened at $25.43 on Friday. The stock has a market capitalization of $1.68 billion, a P/E ratio of 11.56, a P/E/G ratio of 0.75 and a beta of 1.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. The business’s fifty day moving average is $26.68 and its two-hundred day moving average is $25.24. Perdoceo Education Co. has a 1 year low of $16.56 and a 1 year high of $29.84.

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

Perdoceo Education Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently issued reports on PRDO. StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Barrington Research lifted their target price on Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th.

Institutional Investors Weigh In On Perdoceo Education

Hedge funds have recently made changes to their positions in the company. First Trust Advisors LP raised its position in Perdoceo Education by 7.9% during the fourth quarter. First Trust Advisors LP now owns 3,296,208 shares of the company’s stock valued at $87,251,000 after buying an additional 241,147 shares during the period. Geode Capital Management LLC increased its holdings in shares of Perdoceo Education by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,817,982 shares of the company’s stock valued at $48,129,000 after purchasing an additional 14,591 shares during the period. Castlekeep Investment Advisors LLC purchased a new position in Perdoceo Education during the fourth quarter valued at approximately $47,129,000. Frontier Capital Management Co. LLC increased its stake in Perdoceo Education by 5.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,739,401 shares of the company’s stock valued at $46,042,000 after buying an additional 85,100 shares during the period. Finally, American Century Companies Inc. lifted its position in Perdoceo Education by 5.1% in the 4th quarter. American Century Companies Inc. now owns 1,627,190 shares of the company’s stock worth $43,072,000 after buying an additional 79,686 shares in the last quarter. Hedge funds and other institutional investors 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.