Perdoceo Education (NASDAQ:PRDO) Stock Rating Upgraded by StockNews.com

Perdoceo Education (NASDAQ:PRDO) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

Separately, Barrington Research increased their price target on Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th.

Perdoceo Education Stock Performance

Perdoceo Education stock traded down $0.25 during trading on Wednesday, reaching $28.18. 303,572 shares of the company’s stock were exchanged, compared to its average volume of 392,893. The company’s 50-day moving average is $27.03 and its two-hundred day moving average is $24.22. Perdoceo Education has a 52-week low of $16.12 and a 52-week high of $29.47. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.79 and a beta of 1.06.

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

Insider Transactions at Perdoceo Education

In other Perdoceo Education news, CEO Todd S. Nelson sold 12,472 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total transaction of $327,888.88. Following the transaction, the chief executive officer now owns 615,697 shares of the company’s stock, valued at approximately $16,186,674.13. This trade represents a 1.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Robert Kline sold 12,148 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $25.79, for a total value of $313,296.92. Following the sale, the senior vice president now directly owns 130,405 shares in the company, valued at approximately $3,363,144.95. The trade was a 8.52 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,594 shares of company stock worth $1,541,396. 1.81% of the stock is currently owned by insiders.

Institutional Trading of Perdoceo Education

A number of hedge funds and other institutional investors have recently made changes to their positions in PRDO. Quarry LP lifted its position in shares of Perdoceo Education by 1,306.3% in the 2nd quarter. Quarry LP now owns 1,350 shares of the company’s stock valued at $29,000 after acquiring an additional 1,254 shares in the last quarter. Blue Trust Inc. raised its stake in Perdoceo Education by 38.7% during the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock valued at $38,000 after purchasing an additional 492 shares during the period. R Squared Ltd purchased a new stake in shares of Perdoceo Education in the fourth quarter valued at $60,000. KBC Group NV boosted its position in shares of Perdoceo Education by 47.5% in the fourth quarter. KBC Group NV now owns 3,696 shares of the company’s stock worth $98,000 after buying an additional 1,190 shares during the period. Finally, Point72 DIFC Ltd purchased a new position in shares of Perdoceo Education during the third quarter valued at $114,000. 93.46% of the stock is currently 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.