Perdoceo Education Co. (NASDAQ:PRDO) Director Patrick W. Gross Sells 3,400 Shares

Perdoceo Education Co. (NASDAQ:PRDO) Director Patrick W. Gross sold 3,400 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $26.74, for a total transaction of $90,916.00. Following the completion of the transaction, the director now owns 69,635 shares of the company’s stock, valued at $1,862,039.90. This trade represents a 4.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Perdoceo Education Price Performance

Shares of Perdoceo Education stock traded up $0.07 on Wednesday, hitting $26.47. 312,422 shares of the company’s stock traded hands, compared to its average volume of 463,877. Perdoceo Education Co. has a one year low of $16.12 and a one year high of $29.47. The firm’s 50-day moving average price is $22.48 and its two-hundred day moving average price is $22.51. The stock has a market capitalization of $1.74 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 0.78 and a beta of 1.04.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. The business had revenue of $169.83 million during the quarter, compared to analysts’ expectations of $164.60 million. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. On average, analysts forecast that Perdoceo Education Co. will post 2.27 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.96%. Perdoceo Education’s dividend payout ratio is 26.13%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Barrington Research boosted their price objective on shares of Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. StockNews.com upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th.

Institutional Investors Weigh In On Perdoceo Education

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Perdoceo Education by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,896,257 shares of the company’s stock valued at $103,538,000 after acquiring an additional 45,259 shares during the period. Dimensional Fund Advisors LP boosted its position in Perdoceo Education by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 5,069,173 shares of the company’s stock valued at $108,580,000 after buying an additional 28,909 shares in the last quarter. Renaissance Technologies LLC boosted its position in Perdoceo Education by 2.5% in the second quarter. Renaissance Technologies LLC now owns 4,505,687 shares of the company’s stock valued at $96,512,000 after buying an additional 107,918 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Perdoceo Education by 24.3% during the second quarter. Pacer Advisors Inc. now owns 2,650,123 shares of the company’s stock worth $56,766,000 after purchasing an additional 518,048 shares during the period. Finally, LSV Asset Management lifted its holdings in shares of Perdoceo Education by 3.9% during the second quarter. LSV Asset Management now owns 2,010,254 shares of the company’s stock worth $43,060,000 after purchasing an additional 75,293 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

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.