Todd S. Nelson Sells 12,472 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDO) CEO Todd S. Nelson sold 12,472 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total value of $327,888.88. Following the sale, the chief executive officer now directly owns 615,697 shares of the company’s stock, valued at $16,186,674.13. This represents a 1.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Perdoceo Education Stock Up 0.0 %

NASDAQ PRDO opened at $25.69 on Wednesday. Perdoceo Education Co. has a twelve month low of $16.12 and a twelve month high of $29.47. The business has a 50-day moving average price of $26.22 and a 200-day moving average price of $23.57. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06.

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

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Monday, December 2nd. Perdoceo Education’s payout ratio is currently 26.13%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its stake in Perdoceo Education by 0.7% during the second quarter. Rhumbline Advisers now owns 207,644 shares of the company’s stock valued at $4,448,000 after buying an additional 1,511 shares during the last quarter. Gallacher Capital Management LLC grew its holdings in shares of Perdoceo Education by 48.7% in the second quarter. Gallacher Capital Management LLC now owns 45,496 shares of the company’s stock valued at $975,000 after purchasing an additional 14,892 shares in the last quarter. Koss Olinger Consulting LLC bought a new stake in Perdoceo Education in the second quarter worth $578,000. LSV Asset Management raised its stake in Perdoceo Education by 3.9% during the second quarter. LSV Asset Management now owns 2,010,254 shares of the company’s stock valued at $43,060,000 after purchasing an additional 75,293 shares in the last quarter. Finally, Quest Partners LLC bought a new position in Perdoceo Education during the second quarter valued at $39,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.