Perdoceo Education Co. (NASDAQ:PRDO - Get Free Report) SVP John Robert Kline sold 30,574 shares of Perdoceo Education stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $26.47, for a total transaction of $809,293.78. Following the transaction, the senior vice president now directly owns 130,405 shares of the company's stock, valued at approximately $3,451,820.35. This trade represents a 18.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Perdoceo Education Stock Performance
Shares of Perdoceo Education stock opened at $26.40 on Wednesday. The company has a 50-day simple moving average of $22.48 and a two-hundred day simple moving average of $22.51. The stock has a market capitalization of $1.73 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 0.78 and a beta of 1.04. Perdoceo Education Co. has a 52-week low of $16.12 and a 52-week high of $29.47.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.06. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. The company had revenue of $169.83 million during the quarter, compared to analyst estimates of $164.60 million. During the same period in the previous year, the business earned $0.64 EPS. The firm's revenue for the quarter was down 5.6% on a year-over-year basis. As a group, equities research analysts forecast that Perdoceo Education Co. will post 2.27 EPS for the current fiscal year.
Perdoceo Education Dividend Announcement
Financial Prophecy
From Porter & Company | Ad
The Magnificent 7 could be in for a world of pain…
And the insiders know it. It’s why Jeff Bezos just sold $3 billion of Amazon… it’s why Nvidia’s CEO just sold $713 million... and it’s why Zuckerberg just sold $1.3 billion in Meta stock.
The financial establishment doesn’t want you to know about this… but a controversial new documentary just pulled back the curtain and exposed what’s really going on.
It’s called The Final Frontier.
Including the name of the #1 company to buy.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a dividend of $0.13 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.52 annualized dividend and a dividend yield of 1.97%. Perdoceo Education's dividend payout ratio (DPR) is presently 26.13%.
Analyst Ratings Changes
A number of brokerages have weighed in on PRDO. StockNews.com raised shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Thursday, November 14th. Barrington Research increased their target price on Perdoceo Education from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th.
Get Our Latest Analysis on Perdoceo Education
Hedge Funds Weigh In On Perdoceo Education
A number of hedge funds have recently bought and sold shares of PRDO. Blue Trust Inc. boosted its holdings in shares of Perdoceo Education by 38.7% during the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company's stock valued at $38,000 after acquiring an additional 492 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Perdoceo Education by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 33,000 shares of the company's stock valued at $707,000 after purchasing an additional 500 shares during the period. Royce & Associates LP boosted its holdings in Perdoceo Education by 1.0% in the third quarter. Royce & Associates LP now owns 85,631 shares of the company's stock worth $1,904,000 after purchasing an additional 807 shares during the last quarter. ProShare Advisors LLC grew its position in Perdoceo Education by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 13,180 shares of the company's stock worth $231,000 after purchasing an additional 906 shares during the period. Finally, Lakewood Asset Management LLC lifted its holdings in shares of Perdoceo Education by 8.7% during the 3rd quarter. Lakewood Asset Management LLC now owns 15,300 shares of the company's stock valued at $340,000 after buying an additional 1,219 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.
About Perdoceo Education
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
