Perdoceo Education Co. (NASDAQ:PRDO - Get Free Report) SVP Julia A. Leeman sold 5,000 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $32.07, for a total value of $160,350.00. Following the transaction, the senior vice president now directly owns 29,677 shares in the company, valued at approximately $951,741.39. The trade was a 14.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Perdoceo Education Stock Performance
NASDAQ:PRDO traded down $0.33 during trading hours on Tuesday, hitting $33.77. 873,736 shares of the company were exchanged, compared to its average volume of 484,059. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45. Perdoceo Education Co. has a 52-week low of $20.23 and a 52-week high of $34.60. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 0.75 and a beta of 0.79. The company's 50 day moving average price is $28.24 and its 200-day moving average price is $27.29.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.66 by $0.04. The business had revenue of $213.00 million during the quarter, compared to the consensus estimate of $207.97 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The business's revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. As a group, research analysts forecast that Perdoceo Education Co. will post 2.41 earnings per share for the current year.
Perdoceo Education Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Sunday, June 1st will be paid 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 1.54%. Perdoceo Education's payout ratio is presently 23.01%.
Analysts Set New Price Targets
PRDO has been the topic of several recent analyst reports. Wall Street Zen lowered Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th. Barrington Research boosted their price target on Perdoceo Education from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd.
Read Our Latest Analysis on Perdoceo Education
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Barclays PLC lifted its holdings in shares of Perdoceo Education by 353.5% during the third quarter. Barclays PLC now owns 110,622 shares of the company's stock worth $2,460,000 after purchasing an additional 86,227 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Perdoceo Education during the 4th quarter worth approximately $358,000. Smartleaf Asset Management LLC lifted its stake in Perdoceo Education by 227.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock valued at $34,000 after acquiring an additional 913 shares during the period. Jump Financial LLC purchased a new stake in shares of Perdoceo Education in the 4th quarter valued at $556,000. Finally, Deutsche Bank AG increased its stake in shares of Perdoceo Education by 58.7% in the fourth quarter. Deutsche Bank AG now owns 57,959 shares of the company's stock worth $1,534,000 after acquiring an additional 21,432 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.
About Perdoceo Education
(
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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.
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