Perdoceo Education Co. (NASDAQ:PRDO) Director Patrick W. Gross Sells 3,400 Shares

Perdoceo Education Co. (NASDAQ:PRDO) Director Patrick W. Gross sold 3,400 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $26.74, for a total transaction of $90,916.00. Following the completion of the transaction, the director now owns 69,635 shares in the company, valued at approximately $1,862,039.90. The trade was a 4.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Perdoceo Education Stock Up 0.3 %

PRDO stock traded up $0.07 during trading on Wednesday, reaching $26.47. The stock had a trading volume of 312,422 shares, compared to its average volume of 463,877. Perdoceo Education Co. has a one year low of $16.12 and a one year high of $29.47. The company’s 50 day moving average is $22.48 and its two-hundred day moving average is $22.51. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 0.78 and a beta of 1.04.

Perdoceo Education (NASDAQ:PRDO) last released its earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. The firm had revenue of $169.83 million during the quarter, compared to the consensus estimate of $164.60 million. During the same period in the prior year, the firm earned $0.64 EPS. The company’s revenue was down 5.6% compared to the same quarter last year. As a group, research analysts predict that Perdoceo Education Co. will post 2.27 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.96%. The ex-dividend date is Monday, December 2nd. Perdoceo Education’s dividend payout ratio (DPR) is presently 26.13%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Boston Partners lifted its stake in Perdoceo Education by 979.2% in the 1st quarter. Boston Partners now owns 750,979 shares of the company’s stock worth $13,376,000 after purchasing an additional 681,391 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Perdoceo Education by 24.3% in the 2nd quarter. Pacer Advisors Inc. now owns 2,650,123 shares of the company’s stock worth $56,766,000 after acquiring an additional 518,048 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Perdoceo Education during the 3rd quarter valued at about $9,374,000. Millennium Management LLC boosted its stake in shares of Perdoceo Education by 944.8% during the 2nd quarter. Millennium Management LLC now owns 246,659 shares of the company’s stock valued at $5,283,000 after purchasing an additional 223,050 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Perdoceo Education during the 2nd quarter valued at about $3,634,000. 93.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 14th. Barrington Research upped their target price on shares of Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th.

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.