Perdoceo Education Corporation (NASDAQ:PRDO) SVP Sells $978,040.72 in Stock

Perdoceo Education Corporation (NASDAQ:PRDO) SVP David C. Czeszewski sold 30,892 shares of the business’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $31.66, for a total transaction of $978,040.72. Following the transaction, the senior vice president now owns 92,129 shares in the company, valued at $2,916,804.14. The trade was a 25.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Perdoceo Education Price Performance

Shares of PRDO stock opened at $32.30 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.46 and a quick ratio of 4.43. The firm’s 50-day moving average is $29.70 and its two-hundred day moving average is $27.68. Perdoceo Education Corporation has a 12 month low of $20.23 and a 12 month high of $34.60. The company has a market capitalization of $2.12 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 0.85 and a beta of 0.85.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Thursday, May 1st. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04. Perdoceo Education had a net margin of 20.91% and a return on equity of 17.10%. The company had revenue of $213.00 million for the quarter, compared to the consensus estimate of $207.97 million. During the same period in the previous year, the firm earned $0.60 earnings per share. Perdoceo Education’s quarterly revenue was up 26.6% compared to the same quarter last year. Analysts predict that Perdoceo Education Corporation will post 2.41 earnings per share for the current year.

Perdoceo Education Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Sunday, June 1st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Friday, May 30th. Perdoceo Education’s dividend payout ratio (DPR) is presently 23.01%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PRDO. Barrington Research boosted their price target on shares of Perdoceo Education from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, June 6th. Wall Street Zen lowered shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 5th.

Hedge Funds Weigh In On Perdoceo Education

A number of institutional investors have recently bought and sold shares of PRDO. Castlekeep Investment Advisors LLC purchased a new position in Perdoceo Education during the fourth quarter worth about $47,129,000. Nuveen LLC purchased a new stake in shares of Perdoceo Education in the 1st quarter valued at approximately $18,758,000. Goldman Sachs Group Inc. raised its stake in shares of Perdoceo Education by 49.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company’s stock valued at $38,964,000 after acquiring an additional 513,599 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Perdoceo Education in the 1st quarter valued at approximately $11,022,000. Finally, Millennium Management LLC raised its stake in shares of Perdoceo Education by 48.9% in the 1st quarter. Millennium Management LLC now owns 1,297,465 shares of the company’s stock valued at $32,670,000 after acquiring an additional 425,893 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

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.