Perdoceo Education Co. (NASDAQ:PRDO) CEO Sells $284,320.00 in Stock

Perdoceo Education Co. (NASDAQ:PRDO) CEO Todd S. Nelson sold 16,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 649,367 shares in the company, valued at $11,539,251.59. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Perdoceo Education Price Performance

Shares of NASDAQ:PRDO opened at $17.56 on Friday. The company’s 50-day moving average price is $17.73 and its two-hundred day moving average price is $17.56. Perdoceo Education Co. has a one year low of $11.50 and a one year high of $19.62. The stock has a market capitalization of $1.15 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 0.56 and a beta of 0.97.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Wednesday, February 21st. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $147.30 million for 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%. Perdoceo Education’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. On average, analysts anticipate that Perdoceo Education Co. will post 2.12 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.11 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.44 dividend on an annualized basis and a yield of 2.51%. Perdoceo Education’s dividend payout ratio (DPR) is currently 20.18%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PRDO. Advisor Group Holdings Inc. grew its stake in Perdoceo Education by 642.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 25,794 shares of the company’s stock valued at $358,000 after buying an additional 22,322 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Perdoceo Education by 12.4% during the 1st quarter. JPMorgan Chase & Co. now owns 885,128 shares of the company’s stock worth $10,160,000 after purchasing an additional 97,699 shares in the last quarter. Citigroup Inc. grew its position in shares of Perdoceo Education by 2.0% during the 1st quarter. Citigroup Inc. now owns 68,899 shares of the company’s stock worth $791,000 after purchasing an additional 1,331 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of Perdoceo Education by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 38,316 shares of the company’s stock worth $440,000 after purchasing an additional 13,662 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Perdoceo Education by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 60,438 shares of the company’s stock worth $694,000 after purchasing an additional 7,452 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on PRDO shares. Barrington Research reissued 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.

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.