Perdoceo Education Co. (NASDAQ:PRDO - Get Free Report) CFO Ashish R. Ghia sold 35,677 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $25.83, for a total value of $921,536.91. Following the completion of the transaction, the chief financial officer now directly owns 204,477 shares in the company, valued at approximately $5,281,640.91. The trade was a 14.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Perdoceo Education Price Performance
NASDAQ:PRDO opened at $25.93 on Friday. The firm's fifty day moving average is $26.53 and its two-hundred day moving average is $25.36. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 11.79, a PEG 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. Perdoceo Education Co. has a one year low of $16.56 and a one year high of $29.84.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The firm had revenue of $176.43 million for 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%. Research analysts expect that Perdoceo Education Co. will post 2.41 EPS for the current year.
Perdoceo Education Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Friday, February 28th. Perdoceo Education's dividend payout ratio (DPR) is presently 23.64%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on PRDO shares. Barrington Research raised their price objective on Perdoceo Education from $32.00 to $35.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. StockNews.com upgraded shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 11th.
View Our Latest Stock Analysis on Perdoceo Education
Hedge Funds Weigh In On Perdoceo Education
Large investors have recently bought and sold shares of the business. Wellington Management Group LLP purchased a new stake in shares of Perdoceo Education in the third quarter valued at approximately $9,374,000. Geode Capital Management LLC grew its stake in Perdoceo Education by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,803,391 shares of the company's stock valued at $40,114,000 after acquiring an additional 33,092 shares during the period. Barclays PLC raised its position in Perdoceo Education by 353.5% during the third quarter. Barclays PLC now owns 110,622 shares of the company's stock worth $2,460,000 after acquiring an additional 86,227 shares during the period. Franklin Resources Inc. lifted its holdings in Perdoceo Education by 9.6% during the third quarter. Franklin Resources Inc. now owns 278,091 shares of the company's stock valued at $5,954,000 after purchasing an additional 24,434 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Perdoceo Education by 3.0% in the third quarter. JPMorgan Chase & Co. now owns 582,180 shares of the company's stock valued at $12,948,000 after purchasing an additional 16,720 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.
Perdoceo Education Company Profile
(
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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.
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