Perdoceo Education Co. (NASDAQ:PRDO) Insider Michele A. Peppers Sells 13,091 Shares

Perdoceo Education Co. (NASDAQ:PRDO) insider Michele A. Peppers sold 13,091 shares of the firm’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $30.00, for a total value of $392,730.00. Following the completion of the transaction, the insider now owns 49,914 shares in the company, valued at approximately $1,497,420. This represents a 20.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Perdoceo Education Trading Down 0.7 %

NASDAQ:PRDO opened at $30.13 on Friday. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01. Perdoceo Education Co. has a 1-year low of $20.23 and a 1-year high of $31.22. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 0.75 and a beta of 0.79. The business’s 50-day moving average price is $25.78 and its two-hundred day moving average price is $26.21.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.04. The business had revenue of $213.00 million for the quarter, compared to analyst estimates of $207.97 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. Perdoceo Education’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 EPS. On average, equities analysts expect that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Sunday, June 1st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 annualized dividend and a yield of 1.73%. Perdoceo Education’s dividend payout ratio is presently 23.01%.

Wall Street Analyst Weigh In

PRDO has been the topic of several recent research reports. Barrington Research raised their target price on shares of Perdoceo Education from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. StockNews.com lowered shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Monday.

Institutional Investors Weigh In On Perdoceo Education

Large investors have recently modified their holdings of the business. IFP Advisors Inc bought a new stake in Perdoceo Education during the 1st quarter worth approximately $25,000. Smartleaf Asset Management LLC boosted its holdings in shares of Perdoceo Education by 227.1% in the fourth 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 period. Quarry LP increased its position in shares of Perdoceo Education by 223.6% during the fourth quarter. Quarry LP now owns 1,793 shares of the company’s stock worth $47,000 after acquiring an additional 1,239 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Perdoceo Education during the fourth quarter worth $60,000. Finally, KBC Group NV lifted its position in Perdoceo Education by 47.5% in the 4th quarter. KBC Group NV now owns 3,696 shares of the company’s stock valued at $98,000 after acquiring an additional 1,190 shares in the last quarter. 93.46% of the stock is currently owned by 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.