Perdoceo Education (NASDAQ:PRDO) Price Target Raised to $25.00

Perdoceo Education (NASDAQ:PRDO) had its price target lifted by Barrington Research from $23.00 to $25.00 in a research report report published on Thursday, Benzinga reports. The firm currently has an outperform rating on the stock.

Separately, StockNews.com downgraded Perdoceo Education from a strong-buy rating to a buy rating in a research note on Thursday, April 25th.

Perdoceo Education Trading Up 1.0 %

PRDO stock traded up $0.23 during mid-day trading on Thursday, reaching $24.34. The company’s stock had a trading volume of 1,290,777 shares, compared to its average volume of 666,381. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 0.76 and a beta of 0.93. Perdoceo Education has a 12 month low of $11.50 and a 12 month high of $24.66. The business’s 50 day moving average price is $17.90 and its 200 day moving average price is $17.74.

Perdoceo Education (NASDAQ:PRDO) last released its earnings results on Wednesday, May 1st. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.07. The company had revenue of $168.30 million for the quarter, compared to the consensus estimate of $163.30 million. Perdoceo Education had a net margin of 22.35% and a return on equity of 17.09%. Perdoceo Education’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.58 EPS. As a group, equities analysts expect that Perdoceo Education will post 2.12 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Saturday, June 1st will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Friday, May 31st. Perdoceo Education’s dividend payout ratio is currently 19.38%.

Insider Activity at Perdoceo Education

In other news, CEO Todd S. Nelson sold 16,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $17.65, for a total transaction of $282,400.00. Following the completion of the sale, the chief executive officer now directly owns 681,367 shares of the company’s stock, valued at $12,026,127.55. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Perdoceo Education news, CFO Ashish R. Ghia sold 11,412 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $19.00, for a total transaction of $216,828.00. Following the transaction, the chief financial officer now directly owns 226,234 shares in the company, valued at approximately $4,298,446. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $17.65, for a total transaction of $282,400.00. Following the transaction, the chief executive officer now directly owns 681,367 shares in the company, valued at $12,026,127.55. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,412 shares of company stock valued at $1,342,428. 1.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Planned Solutions Inc. bought a new stake in Perdoceo Education in the 4th quarter worth about $26,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Perdoceo Education in the fourth quarter valued at approximately $26,000. AJOVista LLC purchased a new stake in shares of Perdoceo Education during the fourth quarter valued at approximately $81,000. Banque Cantonale Vaudoise lifted its holdings in Perdoceo Education by 9.9% during 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. Finally, Commons Capital LLC purchased a new position in Perdoceo Education in the fourth quarter worth $193,000. 93.46% of the stock is owned by institutional investors.

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.