Michele A. Peppers Sells 4,038 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDO) insider Michele A. Peppers sold 4,038 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $32.00, for a total value of $129,216.00. Following the transaction, the insider now owns 45,876 shares in the company, valued at $1,468,032. The trade was a 8.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Perdoceo Education Price Performance

Shares of PRDO opened at $31.22 on Friday. Perdoceo Education Co. has a 12-month low of $20.23 and a 12-month high of $32.03. The business’s fifty day moving average is $26.35 and its 200 day moving average is $26.55. 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 $2.05 billion, a P/E ratio of 14.19, a P/E/G ratio of 0.75 and a beta of 0.79.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Thursday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The company had revenue of $213.00 million for the quarter, compared to analysts’ expectations of $207.97 million. During the same period last year, the business earned $0.60 EPS. Perdoceo Education’s quarterly revenue was up 26.6% compared to the same quarter last year. Sell-side analysts anticipate that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Sunday, June 1st will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, May 30th. Perdoceo Education’s payout ratio is currently 23.01%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PRDO. StockNews.com cut Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Monday, May 5th. Barrington Research increased their target price on Perdoceo Education from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd.

Institutional Investors Weigh In On Perdoceo Education

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC raised its position in Perdoceo Education by 353.5% in the 3rd quarter. Barclays PLC now owns 110,622 shares of the company’s stock valued at $2,460,000 after buying an additional 86,227 shares during the last quarter. Franklin Resources Inc. raised its position in Perdoceo Education by 9.6% in the 3rd quarter. Franklin Resources Inc. now owns 278,091 shares of the company’s stock valued at $5,954,000 after buying an additional 24,434 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Perdoceo Education in the 4th quarter valued at $358,000. Inspire Investing LLC purchased a new stake in Perdoceo Education in the 4th quarter valued at $818,000. Finally, Smartleaf Asset Management LLC raised its position in Perdoceo Education by 227.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock valued at $34,000 after buying an additional 913 shares during the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

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.