Perdoceo Education Co. (NASDAQ:PRDO) CFO Sells $216,828.00 in Stock

Perdoceo Education Co. (NASDAQ:PRDO) CFO Ashish R. Ghia sold 11,412 shares of Perdoceo Education stock in a transaction on Friday, April 26th. The shares were sold at an average price of $19.00, for a total transaction of $216,828.00. Following the completion of the transaction, the chief financial officer now owns 226,234 shares in the company, valued at $4,298,446. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Perdoceo Education Stock Down 1.7 %

NASDAQ:PRDO traded down $0.32 during midday trading on Tuesday, reaching $18.30. The stock had a trading volume of 429,583 shares, compared to its average volume of 505,413. Perdoceo Education Co. has a 12-month low of $11.50 and a 12-month high of $19.62. The firm has a fifty day simple moving average of $17.57 and a two-hundred day simple moving average of $17.64. The stock has a market cap of $1.20 billion, a P/E ratio of 8.54, a P/E/G ratio of 0.59 and a beta of 0.96.

Perdoceo Education (NASDAQ:PRDO) last released its earnings results on Wednesday, February 21st. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Perdoceo Education had a return on equity of 17.63% and a net margin of 20.80%. The company had revenue of $147.30 million during the quarter, compared to the consensus estimate of $146.20 million. During the same quarter last year, the company earned $0.31 earnings per share. Perdoceo Education’s quarterly revenue was down 16.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Perdoceo Education Co. will post 2.12 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Thursday, February 29th. Perdoceo Education’s dividend payout ratio (DPR) is currently 20.18%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PRDO. StockNews.com lowered shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 25th. Barrington Research reiterated an “outperform” rating and issued a $23.00 price objective on shares of Perdoceo Education in a research report on Monday, April 15th.

Institutional Investors Weigh In On Perdoceo Education

A number of hedge funds and other institutional investors have recently bought and sold shares of PRDO. Planned Solutions Inc. acquired a new position in shares of Perdoceo Education during the 4th quarter worth $26,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Perdoceo Education during the 4th quarter worth $26,000. AJOVista LLC acquired a new position in shares of Perdoceo Education during the 4th quarter worth $81,000. Banque Cantonale Vaudoise raised its stake in shares of Perdoceo Education by 9.9% during the 1st quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company’s stock worth $110,000 after buying an additional 565 shares during the last quarter. Finally, Bfsg LLC acquired a new position in shares of Perdoceo Education during the 3rd quarter worth $193,000. Institutional investors and hedge funds 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.