Ashish R. Ghia sells 11,412 shares of Perdoceo Education Co. (NASDAQ:PRDO) stock

Perdoceo Education Co. (NASDAQ:PRDO – Get Free Report) CFO Ashish R. Ghia sold 11,412 shares of the company’s stock in a transaction on Friday, April 26. The shares sold at an average price of $19.00, for a total value of $216,828.00. Following the completion of the sale, the chief financial officer now directly owns 226,234 shares of the company’s stock, valued at $4,298,446. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website.

Stock of Perdoceo education increases by 0.2%

PRDO stock opened at $18.34 on Thursday. The company has a 50-day moving average of $17.62 and a 200-day moving average of $17.65. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 0.59 and a beta of 0.96. Perdoceo Education Co. has a twelve month low of $11.50 and a twelve month high of $19.62.

Perdoceo Education (NASDAQ:PRDO – Get Free Report) last reported its earnings results on Wednesday, February 21st. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $147.30 million for the quarter, compared to analyst expectations of $146.20 million. Perdoceo Education had a return on equity of 17.63% and a net margin of 20.80%. The company’s quarterly revenue fell 16.4% year over year. During the same period last year, the company posted earnings per share of $0.31. On average, research analysts expect Perdoceo Education Co. will record a profit per share of 2.12 for the current financial year.

Perdoceo Education announces dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15. A dividend of $0.11 was paid to known shareholders on Friday, March 1. The ex-dividend date of this dividend was Thursday, February 29. This represents a dividend of $0.44 annually and a yield of 2.40%. Perdoceo Education’s dividend payout ratio (DPR) currently stands at 20.18%.

Institutional investors weigh in on Perdoceo education

Institutional investors have recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. bought a new position in Perdoceo Education in the 4th quarter worth approximately $26,000. Planned Solutions Inc. bought a new position in shares of Perdoceo Education worth $26,000 in the fourth quarter. AJOVista LLC purchased a new position in shares of Perdoceo Education during the fourth quarter valued at $81,000. Banque Cantonale Vaudoise increased its stake in Perdoceo Education shares by 9.9% during the first quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company’s stock valued at $110,000 after purchasing an additional 565 shares in the last quarter. Finally, Commons Capital LLC purchased a new stake in shares of Perdoceo Education in the fourth quarter valued at $193,000. Hedge funds and other institutional investors own 93.46% of the company’s shares.

Wall Street analysts predict growth

A number of analysts have recently commented on PRDO stock. StockNews.com downgraded shares of Perdoceo Education from a “strong buy” rating to a “buy” rating in a report on Thursday, April 25. Barrington Research reissued an “outperform” rating and set a $23.00 price target on shares of Perdoceo Education in a research note on Monday, April 15.

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Perdoceo Education Company Profile

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Perdoceo Education Corporation offers 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 administration and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity and criminal justice.

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