Perdoceo Education Co. (NASDAQ:PRDO) CFO Ashish R. Ghia Sells 11,914 Shares of Stock

Perdoceo Education Co. (NASDAQ:PRDO) CFO Ashish R. Ghia sold 11,914 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $25.50, for a total transaction of $303,807.00. Following the sale, the chief financial officer now owns 240,216 shares in the company, valued at $6,125,508. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Perdoceo Education Price Performance

PRDO stock opened at $25.43 on Friday. The business has a 50 day moving average price of $26.68 and a 200 day moving average price of $25.24. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 0.75 and a beta of 1.04. Perdoceo Education Co. has a fifty-two week low of $16.56 and a fifty-two week high of $29.84.

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

Perdoceo Education Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Friday, February 28th. Perdoceo Education’s dividend payout ratio (DPR) is currently 23.64%.

Institutional Trading of Perdoceo Education

Several institutional investors and hedge funds have recently made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new position in Perdoceo Education during the fourth quarter worth approximately $47,129,000. Wellington Management Group LLP purchased a new stake in Perdoceo Education in the 3rd quarter valued at $9,374,000. Boston Partners boosted its stake in shares of Perdoceo Education by 41.1% during the fourth quarter. Boston Partners now owns 1,209,899 shares of the company’s stock worth $32,379,000 after buying an additional 352,470 shares during the period. Millennium Management LLC grew its stake in shares of Perdoceo Education by 46.1% in the 4th quarter. Millennium Management LLC now owns 871,572 shares of the company’s stock valued at $23,071,000 after purchasing an additional 275,129 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings 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 worth $87,251,000 after purchasing an additional 241,147 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PRDO has been the topic of a number of recent analyst reports. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Barrington Research increased their target price on Perdoceo Education from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th.

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.