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 company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $26.29, for a total value of $327,888.88. Following the completion of the sale, the chief executive officer now directly owns 615,697 shares of the company’s stock, valued at $16,186,674.13. The trade was a 1.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Perdoceo Education Stock Down 1.5 %

Shares of NASDAQ:PRDO traded down $0.38 during trading on Monday, hitting $25.68. 335,482 shares of the company traded hands, compared to its average volume of 330,361. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 0.81 and a beta of 1.06. Perdoceo Education Co. has a one year low of $16.12 and a one year high of $29.47. The business’s fifty day moving average is $26.06 and its 200-day moving average is $23.50.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly 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 company had revenue of $169.83 million during the quarter, compared to the consensus estimate of $164.60 million. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 earnings per share. On average, analysts forecast that Perdoceo Education Co. will post 2.27 EPS for the current year.

Perdoceo Education Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were issued a $0.13 dividend. 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 (DPR) is presently 26.13%.

Institutional Investors Weigh In On Perdoceo Education

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Perdoceo Education by 3.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 582,180 shares of the company’s stock worth $12,948,000 after buying an additional 16,720 shares in the last quarter. DGS Capital Management LLC grew its holdings in Perdoceo Education by 7.4% during the third quarter. DGS Capital Management LLC now owns 46,088 shares of the company’s stock worth $1,025,000 after acquiring an additional 3,193 shares during the period. Franklin Resources Inc. raised its position in Perdoceo Education by 9.6% in the third quarter. Franklin Resources Inc. now owns 278,091 shares of the company’s stock worth $5,954,000 after acquiring an additional 24,434 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Perdoceo Education in the 3rd quarter valued at about $647,000. Finally, Geode Capital Management LLC grew its stake in shares of Perdoceo Education by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,803,391 shares of the company’s stock worth $40,114,000 after purchasing an additional 33,092 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Barrington Research upped their price target on 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 upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 8th.

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.