Perdoceo Education Co. (NASDAQ:PRDO - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $32.08 and last traded at $32.03, with a volume of 452543 shares changing hands. The stock had previously closed at $31.03.
Wall Street Analyst Weigh In
PRDO has been the subject of a number of analyst reports. Barrington Research upped their price objective 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. Wall Street Zen downgraded shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th.
View Our Latest Analysis on Perdoceo Education
Perdoceo Education Trading Up 3.0%
The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $27.90 and a two-hundred day moving average of $27.19. The firm has a market cap of $2.22 billion, a P/E ratio of 15.43, a PEG ratio of 0.75 and a beta of 0.79.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.66 by $0.04. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The firm had revenue of $213.00 million during the quarter, compared to the consensus estimate of $207.97 million. During the same period last year, the company earned $0.60 earnings per share. The business's quarterly revenue was up 26.6% on a year-over-year basis. Analysts predict that Perdoceo Education Co. will post 2.41 earnings per share for the current year.
Perdoceo Education Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Sunday, June 1st will be given a dividend of $0.13 per share. The ex-dividend date is Friday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.53%. Perdoceo Education's payout ratio is 23.01%.
Insider Buying and Selling
In other news, CFO Ashish R. Ghia sold 6,236 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $25.00, for a total transaction of $155,900.00. Following the transaction, the chief financial officer now directly owns 252,130 shares in the company, valued at approximately $6,303,250. This represents a 2.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Julia A. Leeman sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $32.07, for a total value of $160,350.00. Following the completion of the sale, the senior vice president now owns 29,677 shares of the company's stock, valued at approximately $951,741.39. This trade represents a 14.42% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,116 shares of company stock worth $3,895,709. 2.11% of the stock is owned by company insiders.
Institutional Trading of Perdoceo Education
Several institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc purchased a new position in Perdoceo Education during the first quarter valued at $25,000. Smartleaf Asset Management LLC increased its stake in Perdoceo Education by 227.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock worth $34,000 after acquiring an additional 913 shares during the last quarter. Quarry LP grew its stake in shares of Perdoceo Education by 223.6% during the fourth quarter. Quarry LP now owns 1,793 shares of the company's stock valued at $47,000 after buying an additional 1,239 shares during the last quarter. R Squared Ltd bought a new position in shares of Perdoceo Education during the fourth quarter valued at approximately $60,000. Finally, KBC Group NV boosted its holdings in shares of Perdoceo Education by 47.5% in the fourth quarter. KBC Group NV now owns 3,696 shares of the company's stock valued at $98,000 after purchasing an additional 1,190 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
About Perdoceo Education
(
Get Free Report)
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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