Planned Solutions Inc. purchased a new position in Perdoceo Education Corporation (NASDAQ:PRDO – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,135 shares of the company’s stock, valued at approximately $201,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc bought a new position in Perdoceo Education in the first quarter worth approximately $25,000. Contravisory Investment Management Inc. bought a new position in Perdoceo Education in the second quarter worth approximately $227,000. Baron Wealth Management LLC bought a new position in Perdoceo Education in the second quarter worth approximately $228,000. Revisor Wealth Management LLC bought a new position in Perdoceo Education in the second quarter worth approximately $240,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Perdoceo Education in the first quarter valued at approximately $206,000. Institutional investors own 93.46% of the company’s stock.
Perdoceo Education Stock Performance
Shares of PRDO opened at $35.11 on Friday. The company has a current ratio of 4.27, a quick ratio of 4.26 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 0.93 and a beta of 0.88. The stock has a 50 day moving average of $34.24 and a 200 day moving average of $31.25. Perdoceo Education Corporation has a 12 month low of $20.55 and a 12 month high of $38.02.
Perdoceo Education Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Perdoceo Education’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. Perdoceo Education’s dividend payout ratio (DPR) is 25.97%.
Insider Activity at Perdoceo Education
In related news, SVP Elise Baskel sold 21,212 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $35.00, for a total transaction of $742,420.00. Following the completion of the sale, the senior vice president directly owned 72,142 shares of the company’s stock, valued at approximately $2,524,970. This trade represents a 22.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Greg E. Jansen sold 30,234 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $33.00, for a total value of $997,722.00. Following the sale, the senior vice president directly owned 96,279 shares of the company’s stock, valued at $3,177,207. The trade was a 23.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 205,656 shares of company stock valued at $6,871,148 in the last ninety days. Insiders own 2.11% of the company’s stock.
Analyst Upgrades and Downgrades
PRDO has been the topic of a number of recent research reports. Barrington Research raised their target price on Perdoceo Education from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Wall Street Zen upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Sunday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Perdoceo Education in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $42.00.
Read Our Latest Report on PRDO
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.
Recommended Stories
- Five stocks we like better than Perdoceo Education
- How to Most Effectively Use the MarketBeat Earnings Screener
- Johnson & Johnson’s M&A Strategy Is the Real Story for Investors
- Options Trading – Understanding Strike Price
- Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic?
- What is a Special Dividend?
- Hedge Funds Flip on the Dollar—A Buy Signal for These 3 Stocks?
Receive News & Ratings for Perdoceo Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perdoceo Education and related companies with MarketBeat.com's FREE daily email newsletter.