Sunitha Araamudhu Sells 14,296 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDO - Get Free Report) SVP Sunitha Araamudhu sold 14,296 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $30.69, for a total value of $438,744.24. Following the completion of the sale, the senior vice president now owns 34,891 shares of the company's stock, valued at approximately $1,070,804.79. This trade represents a 29.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Perdoceo Education Stock Performance

PRDO stock traded up $1.00 during midday trading on Friday, reaching $33.95. The stock had a trading volume of 782,294 shares, compared to its average volume of 481,559. The firm has a fifty day simple moving average of $27.90 and a two-hundred day simple moving average of $27.19. Perdoceo Education Co. has a 52-week low of $20.23 and a 52-week high of $34.24. 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 stock has a market cap of $2.22 billion, a PE ratio of 15.43, a P/E/G ratio of 0.75 and a beta of 0.79.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings data 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. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The business had revenue of $213.00 million for the quarter, compared to analyst estimates of $207.97 million. During the same period in the prior year, the company earned $0.60 earnings per share. The company's revenue was up 26.6% on a year-over-year basis. As a group, equities research analysts anticipate that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Sunday, June 1st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Friday, May 30th. Perdoceo Education's dividend payout ratio is presently 23.01%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PRDO shares. Wall Street Zen downgraded shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th. Barrington Research upped their price target on shares of Perdoceo Education from $35.00 to $38.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd.

Institutional Trading of Perdoceo Education

Several institutional investors and hedge funds have recently bought and sold shares of the business. Atria Investments Inc raised its holdings in shares of Perdoceo Education by 3.6% during the fourth quarter. Atria Investments Inc now owns 10,886 shares of the company's stock worth $288,000 after purchasing an additional 375 shares during the last quarter. AlphaQuest LLC raised its stake in shares of Perdoceo Education by 4.7% during the 1st quarter. AlphaQuest LLC now owns 8,976 shares of the company's stock valued at $226,000 after buying an additional 399 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Perdoceo Education by 1.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,043 shares of the company's stock valued at $1,457,000 after buying an additional 683 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Perdoceo Education by 227.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock worth $34,000 after buying an additional 913 shares during the last quarter. 93.46% of the stock is currently 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.