Perdoceo Education Corporation (NASDAQ:PRDO) SVP Sells $978,040.72 in Stock

Perdoceo Education Corporation (NASDAQ:PRDO - Get Free Report) SVP David C. Czeszewski sold 30,892 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $31.66, for a total transaction of $978,040.72. Following the completion of the sale, the senior vice president now directly owns 92,129 shares of the company's stock, valued at approximately $2,916,804.14. This trade represents a 25.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Perdoceo Education Trading Down 0.4%

Shares of NASDAQ:PRDO traded down $0.12 during mid-day trading on Friday, reaching $32.18. 953,612 shares of the company were exchanged, compared to its average volume of 495,274. Perdoceo Education Corporation has a 1 year low of $20.32 and a 1 year high of $34.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.46 and a quick ratio of 4.43. The firm's 50-day simple moving average is $29.84 and its 200 day simple moving average is $27.71. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 14.24, a P/E/G ratio of 0.86 and a beta of 0.85.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released 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 return on equity of 17.10% and a net margin of 20.91%. The business had revenue of $213.00 million during the quarter, compared to analyst estimates of $207.97 million. During the same period last year, the business posted $0.60 earnings per share. The company's quarterly revenue was up 26.6% on a year-over-year basis. Equities research analysts forecast that Perdoceo Education Corporation will post 2.41 EPS for the current year.

Perdoceo Education Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Sunday, June 1st were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Friday, May 30th. Perdoceo Education's dividend payout ratio is currently 23.01%.

Institutional Trading of Perdoceo Education

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Barrington Research increased their price target on Perdoceo Education from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Wall Street Zen lowered shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th.

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.