Perdoceo Education Co. (NASDAQ:PRDO) SVP Sells $313,296.92 in Stock

Perdoceo Education Co. (NASDAQ:PRDO) SVP John Robert Kline sold 12,148 shares of the company’s stock in a transaction on 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 directly owns 130,405 shares in the company, valued at approximately $3,363,144.95. This represents a 8.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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 Trading Up 2.7 %

NASDAQ PRDO traded up $0.69 on Wednesday, hitting $26.38. 713,820 shares of the company were exchanged, compared to its average volume of 443,264. The company has a market cap of $1.73 billion, a PE ratio of 13.26, a PEG ratio of 0.81 and a beta of 1.06. The stock has a fifty day moving average of $26.22 and a 200-day moving average of $23.57. Perdoceo Education Co. has a 12 month low of $16.12 and a 12 month high of $29.47.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The company had revenue of $169.83 million for the quarter, compared to analysts’ expectations of $164.60 million. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. The business’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 EPS. On average, analysts expect that Perdoceo Education Co. will post 2.27 earnings per share for the current year.

Perdoceo Education Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. StockNews.com raised 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 Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th.

Institutional Investors Weigh In On Perdoceo Education

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP increased 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 purchasing an additional 1,254 shares in the last quarter. Blue Trust Inc. boosted its position 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 valued at $38,000 after buying an additional 492 shares during the last quarter. Quest Partners LLC bought a new stake in Perdoceo Education during the second quarter worth $39,000. Point72 DIFC Ltd purchased a new stake in Perdoceo Education in the 3rd quarter valued at $114,000. Finally, Point72 Asset Management L.P. bought a new position in Perdoceo Education during the 3rd quarter valued at $133,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.