Insider Selling: Perdoceo Education Co. (NASDAQ:PRDO) SVP Sells 71,254 Shares of Stock

Perdoceo Education Co. (NASDAQ:PRDO - Get Free Report) SVP John Robert Kline sold 71,254 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $31.75, for a total value of $2,262,314.50. Following the transaction, the senior vice president now owns 75,868 shares of the company's stock, valued at approximately $2,408,809. This trade represents a 48.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Perdoceo Education Price Performance

Shares of PRDO stock traded down $0.25 during mid-day trading on Friday, reaching $31.63. The company's stock had a trading volume of 285,509 shares, compared to its average volume of 489,626. The company has a market cap of $2.07 billion, a P/E ratio of 14.41, a PEG ratio of 0.75 and a beta of 0.85. Perdoceo Education Co. has a 1-year low of $20.23 and a 1-year high of $34.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. The firm's 50-day moving average is $29.20 and its two-hundred day moving average is $27.55.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.04. The business had revenue of $213.00 million during 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 revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. On average, research analysts predict that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on PRDO shares. Wall Street Zen cut shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th. Barrington Research lifted their target price on shares of Perdoceo Education from $38.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PRDO. Atria Investments Inc lifted its holdings in shares of Perdoceo Education by 3.6% in the fourth quarter. Atria Investments Inc now owns 10,886 shares of the company's stock valued at $288,000 after purchasing an additional 375 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of Perdoceo Education by 4.7% in the first quarter. AlphaQuest LLC now owns 8,976 shares of the company's stock valued at $226,000 after purchasing an additional 399 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in Perdoceo Education by 1.4% in the 1st quarter. SummerHaven Investment Management LLC now owns 36,624 shares of the company's stock valued at $922,000 after buying an additional 500 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Perdoceo Education by 1.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,043 shares of the company's stock worth $1,457,000 after acquiring an additional 683 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Perdoceo Education by 227.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock valued at $34,000 after purchasing an additional 913 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

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.