Perdoceo Education’s (PRDO) Outperform Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Perdoceo Education (NASDAQ:PRDO) in a report released on Monday morning, Benzinga reports. The brokerage currently has a $23.00 price objective on the stock.

Separately, StockNews.com upgraded Perdoceo Education from a buy rating to a strong-buy rating in a research note on Tuesday, March 19th.

Perdoceo Education Trading Down 0.2 %

NASDAQ PRDO opened at $16.84 on Monday. The stock’s 50-day moving average price is $17.54 and its two-hundred day moving average price is $17.62. The company has a market cap of $1.10 billion, a PE ratio of 7.72, a PEG ratio of 0.53 and a beta of 0.96. Perdoceo Education has a 1 year low of $11.50 and a 1 year high of $19.62.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly 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 business had revenue of $147.30 million during the quarter, compared to analysts’ expectations of $146.20 million. Perdoceo Education had a return on equity of 17.63% and a net margin of 20.80%. The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS. Research analysts forecast that Perdoceo Education will post 2.12 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Thursday, February 29th. Perdoceo Education’s dividend payout ratio (DPR) is presently 20.18%.

Insider Activity at Perdoceo Education

In other news, CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $18.50, for a total transaction of $296,000.00. Following the completion of the transaction, the chief executive officer now directly owns 685,098 shares in the company, valued at approximately $12,674,313. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Todd S. Nelson sold 16,000 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $18.50, for a total transaction of $296,000.00. Following the completion of the sale, the chief executive officer now directly owns 685,098 shares in the company, valued at approximately $12,674,313. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Todd S. Nelson sold 9,500 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $18.50, for a total value of $175,750.00. Following the sale, the chief executive officer now owns 685,098 shares of the company’s stock, valued at $12,674,313. The disclosure for this sale can be found here. In the last quarter, insiders have sold 121,500 shares of company stock valued at $2,189,350. 2.73% of the stock is owned by insiders.

Institutional Investors Weigh In On Perdoceo Education

Several institutional investors and hedge funds have recently made changes to their positions in PRDO. DGS Capital Management LLC grew its stake in Perdoceo Education by 9.9% in the first quarter. DGS Capital Management LLC now owns 40,582 shares of the company’s stock valued at $713,000 after acquiring an additional 3,671 shares during the period. Banque Cantonale Vaudoise raised its stake in shares of Perdoceo Education by 9.9% in the first quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company’s stock valued at $110,000 after buying an additional 565 shares during the period. Los Angeles Capital Management LLC raised its stake in shares of Perdoceo Education by 15.6% in the first quarter. Los Angeles Capital Management LLC now owns 63,473 shares of the company’s stock valued at $1,115,000 after buying an additional 8,567 shares during the period. Vanguard Group Inc. grew its position in shares of Perdoceo Education by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 5,850,998 shares of the company’s stock valued at $102,744,000 after purchasing an additional 25,197 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Perdoceo Education by 43.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,217,547 shares of the company’s stock worth $21,380,000 after buying an additional 366,202 shares in the last quarter. Institutional investors and hedge funds 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.