Todd S. Nelson Sells 16,000 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDO) CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $17.77, for a total transaction of $284,320.00. Following the sale, the chief executive officer now directly owns 649,367 shares of the company’s stock, valued at approximately $11,539,251.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Perdoceo Education Price Performance

Shares of PRDO opened at $17.70 on Thursday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.56 and a beta of 0.97. The company has a 50-day moving average of $17.73 and a two-hundred day moving average of $17.56. Perdoceo Education Co. has a one year low of $11.50 and a one year 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, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $147.30 million during the quarter, compared to analysts’ expectations of $146.20 million. Perdoceo Education had a net margin of 20.80% and a return on equity of 17.63%. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 EPS. Analysts anticipate that Perdoceo Education Co. will post 2.12 earnings per share for the current year.

Perdoceo Education Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.11 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.49%. Perdoceo Education’s dividend payout ratio is 20.18%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PRDO. Barrington Research restated an “outperform” rating and set a $23.00 price target on shares of Perdoceo Education in a research report on Friday, February 9th. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 19th.

Institutional Trading of Perdoceo Education

Large investors have recently bought and sold shares of the business. DGS Capital Management LLC increased its holdings in Perdoceo Education by 1.9% during the fourth quarter. DGS Capital Management LLC now owns 36,911 shares of the company’s stock worth $648,000 after buying an additional 682 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Perdoceo Education by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 26,658 shares of the company’s stock valued at $327,000 after buying an additional 726 shares during the period. Raymond James & Associates increased its position in Perdoceo Education by 4.7% during the 3rd quarter. Raymond James & Associates now owns 17,757 shares of the company’s stock valued at $304,000 after purchasing an additional 804 shares during the period. Gotham Asset Management LLC boosted its holdings in shares of Perdoceo Education by 4.2% during the 4th quarter. Gotham Asset Management LLC now owns 19,923 shares of the company’s stock worth $350,000 after buying an additional 810 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Perdoceo Education by 5.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 16,077 shares of the company’s stock valued at $275,000 after acquiring an additional 811 shares during the last quarter. 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.