Perdoceo Education (NASDAQ:PRDO) Price Target Raised to $25.00

Perdoceo Education (NASDAQ:PRDO) had its price objective boosted by Barrington Research from $23.00 to $25.00 in a research note published on Thursday, Benzinga reports. They currently have an outperform rating on the stock.

Separately, StockNews.com cut shares of Perdoceo Education from a strong-buy rating to a buy rating in a research report on Thursday, April 25th.

Perdoceo Education Price Performance

PRDO opened at $24.34 on Thursday. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 10.72, a P/E/G ratio of 0.77 and a beta of 0.93. The business’s 50-day moving average price is $17.90 and its two-hundred day moving average price is $17.74. Perdoceo Education has a 1 year low of $11.50 and a 1 year high of $24.66.

Perdoceo Education (NASDAQ:PRDO) last released its earnings results on Wednesday, May 1st. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.53 by $0.07. Perdoceo Education had a return on equity of 17.09% and a net margin of 22.35%. The firm had revenue of $168.30 million for the quarter, compared to analysts’ expectations of $163.30 million. During the same quarter in the previous year, the business posted $0.58 EPS. The business’s quarterly revenue was down 14.0% compared to the same quarter last year. Sell-side analysts anticipate that Perdoceo Education will post 2.21 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Friday, May 31st. Perdoceo Education’s payout ratio is presently 19.38%.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, CFO Ashish R. Ghia sold 11,412 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $19.00, for a total transaction of $216,828.00. Following the sale, the chief financial officer now directly owns 226,234 shares of the company’s stock, valued at $4,298,446. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Perdoceo Education news, CEO Todd S. Nelson sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $17.65, for a total transaction of $282,400.00. Following the transaction, the chief executive officer now owns 681,367 shares of the company’s stock, valued at $12,026,127.55. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Ashish R. Ghia sold 11,412 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $19.00, for a total value of $216,828.00. Following the completion of the sale, the chief financial officer now owns 226,234 shares in the company, valued at approximately $4,298,446. The disclosure for this sale can be found here. Over the last three months, insiders sold 75,412 shares of company stock valued at $1,342,428. 1.81% of the stock is owned by corporate insiders.

Institutional Trading of Perdoceo Education

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Perdoceo Education by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 5,850,998 shares of the company’s stock worth $102,744,000 after buying an additional 25,197 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Perdoceo Education by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,064,870 shares of the company’s stock valued at $88,940,000 after acquiring an additional 74,877 shares in the last quarter. Pacer Advisors Inc. increased its position in Perdoceo Education by 32.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,602,905 shares of the company’s stock worth $28,147,000 after acquiring an additional 395,481 shares during the period. Goldman Sachs Group Inc. raised its stake in Perdoceo Education by 43.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,217,547 shares of the company’s stock worth $21,380,000 after purchasing an additional 366,202 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in Perdoceo Education by 117.7% in the 4th quarter. LSV Asset Management now owns 1,213,839 shares of the company’s stock valued at $21,315,000 after purchasing an additional 656,280 shares during the period. 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.