Perdoceo Education Co. (NASDAQ:PRDO - Get Free Report) CEO Todd S. Nelson sold 16,000 shares of the business's stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $17.70, for a total transaction of $283,200.00. Following the transaction, the chief executive officer now owns 617,367 shares of the company's stock, valued at $10,927,395.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Perdoceo Education Price Performance
Shares of NASDAQ PRDO opened at $17.56 on Friday. Perdoceo Education Co. has a 1 year low of $11.50 and a 1 year high of $19.62. The company's 50-day moving average is $17.74 and its 200 day moving average is $17.57. The stock has a market capitalization of $1.15 billion, a P/E ratio of 8.06, a P/E/G ratio of 0.56 and a beta of 0.97.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. Perdoceo Education had a net margin of 20.80% and a return on equity of 17.63%. The company had revenue of $147.30 million for the quarter, compared to analysts' expectations of $146.20 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. Perdoceo Education's quarterly revenue was down 16.4% on a year-over-year basis. Research analysts anticipate that Perdoceo Education Co. will post 2.12 earnings per share for the current year.
Perdoceo Education Dividend Announcement
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The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Thursday, February 29th. Perdoceo Education's dividend payout ratio is currently 20.18%.
Analyst Ratings Changes
A number of equities analysts have issued reports on PRDO shares. StockNews.com upgraded shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, March 19th. Barrington Research restated an "outperform" rating and issued a $23.00 price objective on shares of Perdoceo Education in a research report on Friday, February 9th.
Check Out Our Latest Research Report on PRDO
Hedge Funds Weigh In On Perdoceo Education
Hedge funds and other institutional investors have recently modified their holdings of the stock. Illinois Municipal Retirement Fund bought a new position in shares of Perdoceo Education in the third quarter worth approximately $674,000. LSV Asset Management lifted its stake in shares of Perdoceo Education by 11.2% in the third quarter. LSV Asset Management now owns 557,559 shares of the company's stock worth $9,534,000 after buying an additional 56,300 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Perdoceo Education by 6.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 23,750 shares of the company's stock worth $406,000 after buying an additional 1,342 shares in the last quarter. Alps Advisors Inc. bought a new position in shares of Perdoceo Education in the third quarter worth approximately $1,054,000. Finally, Brandywine Global Investment Management LLC lifted its stake in shares of Perdoceo Education by 11.9% in the third quarter. Brandywine Global Investment Management LLC now owns 200,843 shares of the company's stock worth $3,434,000 after buying an additional 21,325 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.
Perdoceo Education Company Profile
(
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.
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