Ashish R. Ghia Sells 11,412 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDO) CFO Ashish R. Ghia sold 11,412 shares of the company’s stock in a transaction on Friday, April 26th. The stock was 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 in the company, valued at $4,298,446. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Perdoceo Education Stock Up 0.2 %

PRDO stock opened at $18.34 on Thursday. The business has a 50 day moving average of $17.62 and a 200 day moving average of $17.65. The firm has a market cap of $1.20 billion, a PE 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) last released its earnings results on Wednesday, February 21st. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $147.30 million for the quarter, compared to analysts’ 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 was down 16.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 earnings per share. On average, research analysts expect that Perdoceo Education Co. will post 2.12 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The company 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. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.44 annualized dividend and a yield of 2.40%. Perdoceo Education’s dividend payout ratio (DPR) is presently 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 valued at approximately $26,000. Planned Solutions Inc. purchased a new position in shares of Perdoceo Education in the fourth quarter worth $26,000. AJOVista LLC purchased a new position in shares of Perdoceo Education in the fourth quarter worth $81,000. Banque Cantonale Vaudoise lifted its holdings in shares of Perdoceo Education 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 during the fourth quarter valued at $193,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.