Insider Selling: Perdoceo Education Co. (NASDAQ:PRDO) SVP Sells 12,148 Shares of Stock

Perdoceo Education Co. (NASDAQ:PRDO) SVP John Robert Kline sold 12,148 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $25.79, for a total transaction of $313,296.92. Following the completion of the sale, the senior vice president now owns 130,405 shares of the company’s stock, valued at $3,363,144.95. This trade represents a 8.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Stock Up 2.7 %

PRDO opened at $26.38 on Thursday. The firm has a market cap of $1.73 billion, a P/E ratio of 13.26, 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. The business’s fifty day simple moving average is $26.30 and its 200 day simple moving average is $23.59.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 EPS. As a group, equities analysts expect that Perdoceo Education Co. will post 2.27 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were given a $0.13 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 1.97%. Perdoceo Education’s payout ratio is currently 26.13%.

Institutional Trading of Perdoceo Education

A number of hedge funds and other institutional investors have recently modified their holdings of PRDO. Quarry LP lifted its holdings in Perdoceo Education by 1,306.3% during the 2nd quarter. Quarry LP now owns 1,350 shares of the company’s stock worth $29,000 after buying an additional 1,254 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of 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 purchasing an additional 492 shares during the period. Quest Partners LLC acquired a new stake in Perdoceo Education during the second quarter worth about $39,000. Point72 DIFC Ltd acquired a new stake in shares of Perdoceo Education during the 3rd quarter worth approximately $114,000. Finally, Point72 Asset Management L.P. bought a new stake in Perdoceo Education in the third quarter valued at $133,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.