Insider Selling: Perdoceo Education Corporation (NASDAQ:PRDO) SVP Sells 30,892 Shares of Stock

Perdoceo Education Corporation (NASDAQ:PRDO - Get Free Report) SVP David C. Czeszewski sold 30,892 shares of the firm'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 sale, the senior vice president now owns 92,129 shares of the company's stock, valued at approximately $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 hyperlink.

Perdoceo Education Stock Down 0.2%

NASDAQ:PRDO traded down $0.07 during trading hours on Tuesday, hitting $31.76. The company's stock had a trading volume of 591,429 shares, compared to its average volume of 492,499. Perdoceo Education Corporation has a 52-week low of $20.23 and a 52-week high of $34.60. The company has a current ratio of 4.46, a quick ratio of 4.43 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.08 billion, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 0.85 and a beta of 0.85. The stock has a fifty day moving average of $29.47 and a 200-day moving average of $27.61.

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

Perdoceo Education Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Sunday, June 1st were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Friday, May 30th. Perdoceo Education's dividend payout ratio (DPR) is presently 23.01%.

Analyst Upgrades and Downgrades

PRDO has been the topic of a number of research reports. Barrington Research upped their price target on Perdoceo Education from $38.00 to $40.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Wall Street Zen downgraded Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th.

Institutional Investors Weigh In On Perdoceo Education

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings in shares of Perdoceo Education by 3.5% in the 4th quarter. Principal Financial Group Inc. now owns 318,963 shares of the company's stock valued at $8,443,000 after buying an additional 10,680 shares during the period. Sanctuary Advisors LLC lifted its holdings in Perdoceo Education by 18.5% in the fourth quarter. Sanctuary Advisors LLC now owns 43,991 shares of the company's stock valued at $1,260,000 after acquiring an additional 6,875 shares during the period. New York State Common Retirement Fund lifted its holdings in Perdoceo Education by 23.8% in the fourth quarter. New York State Common Retirement Fund now owns 84,217 shares of the company's stock valued at $2,229,000 after acquiring an additional 16,200 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Perdoceo Education during the 4th quarter worth $358,000. Finally, Rothschild Investment LLC grew its stake in shares of Perdoceo Education by 360.8% during the 4th quarter. Rothschild Investment LLC now owns 85,250 shares of the company's stock worth $2,257,000 after purchasing an additional 66,751 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

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.

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