Perdoceo Education (NASDAQ:PRDO) Receives Outperform Rating from Barrington Research

Perdoceo Education (NASDAQ:PRDO - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at Barrington Research in a report released on Monday, Benzinga reports. They presently have a $23.00 target price on the stock. Barrington Research's target price would suggest a potential upside of 36.50% from the company's previous close.

Separately, StockNews.com upgraded shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a report on Tuesday, March 19th.

Perdoceo Education Stock Performance

NASDAQ:PRDO traded down $0.26 during midday trading on Monday, reaching $16.85. 541,248 shares of the stock traded hands, compared to its average volume of 488,838. The business has a 50-day moving average of $17.56 and a two-hundred day moving average of $17.62. Perdoceo Education has a 12-month low of $11.50 and a 12-month high of $19.62. The stock has a market capitalization of $1.11 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 0.54 and a beta of 0.96.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. Perdoceo Education had a return on equity of 17.63% and a net margin of 20.80%. The firm had revenue of $147.30 million during the quarter, compared to analyst estimates of $146.20 million. During the same quarter in the prior year, the business posted $0.31 EPS. The business's revenue for the quarter was down 16.4% compared to the same quarter last year. Research analysts anticipate that Perdoceo Education will post 2.12 earnings per share for the current year.

Insider Activity at Perdoceo Education

In other news, CEO Todd S. Nelson sold 16,000 shares of the firm's stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $18.50, for a total value of $296,000.00. Following the completion of the transaction, the chief executive officer now directly owns 685,098 shares in the company, valued at $12,674,313. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Todd S. Nelson sold 16,000 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $18.50, for a total value of $296,000.00. Following the sale, the chief executive officer now owns 685,098 shares in the company, valued at $12,674,313. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Todd S. Nelson sold 9,500 shares of the business's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $18.50, for a total transaction of $175,750.00. Following the transaction, the chief executive officer now owns 685,098 shares of the company's stock, valued at $12,674,313. The disclosure for this sale can be found here. Insiders have sold a total of 121,500 shares of company stock valued at $2,189,350 in the last ninety days. Company insiders own 2.73% of the company's stock.

Institutional Trading of Perdoceo Education

A number of hedge funds have recently modified their holdings of the stock. DGS Capital Management LLC boosted its holdings in Perdoceo Education by 9.9% during the first quarter. DGS Capital Management LLC now owns 40,582 shares of the company's stock worth $713,000 after buying an additional 3,671 shares in the last quarter. Banque Cantonale Vaudoise raised its position in shares of Perdoceo Education by 9.9% in the first quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company's stock worth $110,000 after acquiring an additional 565 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of Perdoceo Education by 15.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 63,473 shares of the company's stock worth $1,115,000 after acquiring an additional 8,567 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Perdoceo Education by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 5,850,998 shares of the company's stock valued at $102,744,000 after acquiring an additional 25,197 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Perdoceo Education by 43.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,217,547 shares of the company's stock valued at $21,380,000 after acquiring an additional 366,202 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

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.