Perdoceo Education Co. (NASDAQ:PRDO) CFO Sells $303,807.00 in Stock

Perdoceo Education Co. (NASDAQ:PRDO) CFO Ashish R. Ghia sold 11,914 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $25.50, for a total value of $303,807.00. Following the completion of the sale, the chief financial officer now owns 240,216 shares in the company, valued at $6,125,508. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Perdoceo Education Stock Performance

Shares of NASDAQ PRDO opened at $25.43 on Monday. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.68 billion, a P/E ratio of 11.56, a P/E/G ratio of 0.75 and a beta of 1.04. Perdoceo Education Co. has a 12 month low of $16.56 and a 12 month high of $29.84. The stock has a 50 day moving average of $26.68 and a 200-day moving average of $25.30.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The business had revenue of $176.43 million for the quarter, compared to analyst estimates of $160.12 million. As a group, equities research analysts predict that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.04%. Perdoceo Education’s payout ratio is 23.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PRDO. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Barrington Research lifted their price target on shares of Perdoceo Education from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th.

Hedge Funds Weigh In On Perdoceo Education

A number of hedge funds have recently added to or reduced their stakes in PRDO. Verition Fund Management LLC grew its stake in shares of Perdoceo Education by 183.0% during the third quarter. Verition Fund Management LLC now owns 27,122 shares of the company’s stock worth $603,000 after buying an additional 17,538 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Perdoceo Education during the 3rd quarter worth $228,000. Point72 Asset Management L.P. bought a new stake in Perdoceo Education during the 3rd quarter worth $133,000. Point72 DIFC Ltd bought a new position in Perdoceo Education in the third quarter valued at about $114,000. Finally, Weiss Asset Management LP bought a new position in Perdoceo Education in the third quarter valued at about $1,043,000. Institutional investors own 93.46% of the company’s stock.

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.