Perdoceo Education (NASDAQ:PRDO) Upgraded to Strong-Buy at StockNews.com

Perdoceo Education (NASDAQ:PRDO) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

Separately, Barrington Research boosted their price target on Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday.

Perdoceo Education Stock Performance

PRDO opened at $26.55 on Thursday. Perdoceo Education has a 52-week low of $16.12 and a 52-week high of $29.47. The firm has a market cap of $1.74 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 0.82 and a beta of 1.04. The business’s fifty day moving average is $22.16 and its 200-day moving average is $22.36.

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

Insider Transactions at Perdoceo Education

In other news, insider Michele A. Peppers sold 6,476 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total transaction of $135,996.00. Following the completion of the sale, the insider now directly owns 61,952 shares in the company, valued at $1,300,992. This represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.81% of the stock is owned by corporate insiders.

Institutional Trading of Perdoceo Education

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Perdoceo Education by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,896,257 shares of the company’s stock worth $103,538,000 after acquiring an additional 45,259 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Perdoceo Education by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 5,069,173 shares of the company’s stock worth $108,580,000 after purchasing an additional 28,909 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Perdoceo Education by 2.5% in the second quarter. Renaissance Technologies LLC now owns 4,505,687 shares of the company’s stock valued at $96,512,000 after buying an additional 107,918 shares during the period. Pacer Advisors Inc. lifted its stake in Perdoceo Education by 24.3% in the second quarter. Pacer Advisors Inc. now owns 2,650,123 shares of the company’s stock valued at $56,766,000 after buying an additional 518,048 shares during the period. Finally, LSV Asset Management boosted its holdings in shares of Perdoceo Education by 3.9% during the 2nd quarter. LSV Asset Management now owns 2,010,254 shares of the company’s stock worth $43,060,000 after buying an additional 75,293 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

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.