Ashish R. Ghia Sells 6,236 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDO) CFO Ashish R. Ghia sold 6,236 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $25.00, for a total value of $155,900.00. Following the transaction, the chief financial officer now owns 252,130 shares of the company’s stock, valued at $6,303,250. This represents a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Perdoceo Education Stock Performance

Shares of PRDO stock opened at $25.69 on Friday. Perdoceo Education Co. has a 12-month low of $16.56 and a 12-month high of $29.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 0.75 and a beta of 1.04. The business has a 50 day simple moving average of $26.73 and a 200 day simple moving average of $25.21.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $176.43 million during the quarter, compared to analyst estimates of $160.12 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. On average, equities research analysts anticipate that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 2.02%. Perdoceo Education’s payout ratio is 23.64%.

Institutional Trading of Perdoceo Education

A number of institutional investors have recently made changes to their positions in PRDO. First Trust Advisors LP increased its stake in shares of Perdoceo Education by 7.9% during the fourth quarter. First Trust Advisors LP now owns 3,296,208 shares of the company’s stock valued at $87,251,000 after acquiring an additional 241,147 shares during the period. Geode Capital Management LLC increased its position in shares of Perdoceo Education by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,817,982 shares of the company’s stock valued at $48,129,000 after purchasing an additional 14,591 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in shares of Perdoceo Education during the 4th quarter valued at $47,129,000. Frontier Capital Management Co. LLC raised its stake in shares of Perdoceo Education by 5.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,739,401 shares of the company’s stock worth $46,042,000 after buying an additional 85,100 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Perdoceo Education by 5.1% in the fourth quarter. American Century Companies Inc. now owns 1,627,190 shares of the company’s stock valued at $43,072,000 after buying an additional 79,686 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PRDO. Barrington Research raised their target price on Perdoceo Education from $32.00 to $35.00 and gave the company 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 research report on Tuesday, February 11th.

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.