Perdoceo Education (NASDAQ:PRDO) Earns “Outperform” Rating from Barrington Research

Perdoceo Education (NASDAQ:PRDO)‘s stock had its “outperform” rating restated by equities researchers at Barrington Research in a note issued to investors on Monday, Benzinga reports. They presently have a $23.00 price objective on the stock. Barrington Research’s price objective suggests a potential upside of 36.34% from the company’s previous close.

Separately, StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 19th.

Perdoceo Education Stock Up 0.1 %

NASDAQ PRDO opened at $16.87 on Monday. The stock has a market cap of $1.11 billion, a P/E ratio of 7.74, a PEG ratio of 0.54 and a beta of 0.96. The company’s 50-day simple moving average is $17.55 and its 200 day simple moving average is $17.62. Perdoceo Education has a twelve month low of $11.50 and a twelve month high of $19.62.

Perdoceo Education (NASDAQ:PRDO) last posted its earnings results on Wednesday, February 21st. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The business 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%. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Research analysts anticipate that Perdoceo Education will post 2.12 earnings per share for the current year.

Insiders Place Their Bets

In other Perdoceo Education news, CEO Todd S. Nelson sold 9,500 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $18.50, for a total transaction of $175,750.00. Following the sale, the chief executive officer now directly owns 685,098 shares of the company’s stock, valued at $12,674,313. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Todd S. Nelson sold 9,500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $18.50, for a total transaction of $175,750.00. Following the transaction, the chief executive officer now directly owns 685,098 shares in the company, valued at $12,674,313. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Todd S. Nelson sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $18.50, for a total transaction of $296,000.00. Following the transaction, the chief executive officer now owns 685,098 shares in the company, valued at $12,674,313. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 121,500 shares of company stock valued at $2,189,350. 2.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Perdoceo Education

A number of large investors have recently modified their holdings of the stock. Banque Cantonale Vaudoise lifted its position in shares of Perdoceo Education by 9.9% during the first quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company’s stock worth $110,000 after purchasing an additional 565 shares in the last quarter. DGS Capital Management LLC lifted its position in shares of 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 purchasing an additional 682 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Perdoceo Education by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 26,658 shares of the company’s stock worth $327,000 after purchasing an additional 726 shares in the last quarter. Raymond James & Associates lifted its position in shares of Perdoceo Education by 4.7% during the third quarter. Raymond James & Associates now owns 17,757 shares of the company’s stock worth $304,000 after purchasing an additional 804 shares in the last quarter. Finally, Gotham Asset Management LLC lifted its position in shares of Perdoceo Education by 4.2% during the fourth quarter. Gotham Asset Management LLC now owns 19,923 shares of the company’s stock worth $350,000 after purchasing an additional 810 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

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.