Perdoceo Education Co. (NASDAQ:PRDO) SVP John Robert Kline Sells 12,148 Shares of Stock

Perdoceo Education Co. (NASDAQ:PRDO) SVP John Robert Kline sold 12,148 shares of Perdoceo Education stock in a transaction on Monday, January 6th. The shares were sold at an average price of $25.79, for a total value of $313,296.92. Following the completion of the sale, the senior vice president now directly owns 130,405 shares of the company’s stock, valued at $3,363,144.95. The trade was a 8.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

John Robert Kline also recently made the following trade(s):

• On Friday, November 15th, John Robert Kline sold 30,574 shares of Perdoceo Education stock. The shares were sold at an average price of $26.47, for a total value of $809,293.78.

Perdoceo Education Stock Up 2.7 %

NASDAQ PRDO opened at $26.38 on Thursday. Perdoceo Education Co. has a 52 week low of $16.12 and a 52 week high of $29.47. The firm has a 50 day moving average of $26.30 and a two-hundred day moving average of $23.59. The stock has a market capitalization of $1.73 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06.

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

Perdoceo Education Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were paid a dividend of $0.13 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.52 annualized dividend and a yield of 1.97%. Perdoceo Education’s dividend payout ratio is currently 26.13%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Barrington Research raised their price objective on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. StockNews.com upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 8th.

Hedge Funds Weigh In On Perdoceo Education

A number of hedge funds have recently modified their holdings of PRDO. Dimensional Fund Advisors LP boosted its stake in Perdoceo Education by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,069,173 shares of the company’s stock worth $108,580,000 after purchasing an additional 28,909 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Perdoceo Education by 2.5% during the second quarter. Renaissance Technologies LLC now owns 4,505,687 shares of the company’s stock worth $96,512,000 after buying an additional 107,918 shares during the last quarter. Pacer Advisors Inc. increased its position in Perdoceo Education by 24.3% in the 2nd quarter. Pacer Advisors Inc. now owns 2,650,123 shares of the company’s stock valued at $56,766,000 after acquiring an additional 518,048 shares during the period. LSV Asset Management lifted its position in Perdoceo Education by 3.9% during the 2nd quarter. LSV Asset Management now owns 2,010,254 shares of the company’s stock worth $43,060,000 after acquiring an additional 75,293 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Perdoceo Education by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,803,391 shares of the company’s stock valued at $40,114,000 after purchasing an additional 33,092 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

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.