Perdoceo Education (NASDAQ:PRDO) Receives Outperform Rating from Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Perdoceo Education (NASDAQ:PRDO) in a report published on Monday morning, Benzinga reports. The firm 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 report on Tuesday, March 19th.

Perdoceo Education Price Performance

PRDO opened at $16.85 on Monday. The stock has a market cap of $1.11 billion, a P/E ratio of 7.73, a P/E/G ratio of 0.54 and a beta of 0.96. The stock’s 50 day simple moving average is $17.56 and its 200 day simple moving average is $17.62. Perdoceo Education has a 1-year low of $11.50 and a 1-year high of $19.62.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.27 earnings per share for the quarter, topping 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 return on equity of 17.63% and a net margin of 20.80%. The company’s revenue was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS. Research analysts expect that Perdoceo Education will post 2.12 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

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

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, CEO Todd S. Nelson sold 16,000 shares of the 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 sale, the chief executive officer now owns 685,098 shares in the company, valued at approximately $12,674,313. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Todd S. Nelson sold 9,500 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $18.50, for a total transaction of $175,750.00. Following the sale, the chief executive officer now owns 685,098 shares in the company, valued at $12,674,313. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Todd S. Nelson sold 16,000 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $18.50, for a total value of $296,000.00. Following the sale, the chief executive officer now owns 685,098 shares in the company, valued at approximately $12,674,313. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,500 shares of company stock worth $2,189,350. 2.73% of the stock is owned by insiders.

Institutional Investors Weigh In On Perdoceo Education

Hedge funds have recently made changes to their positions in the business. Stratos Wealth Advisors LLC acquired a new stake in shares of Perdoceo Education during the fourth quarter worth $1,126,000. Illinois Municipal Retirement Fund acquired a new stake in shares of Perdoceo Education during the third quarter worth $674,000. LSV Asset Management boosted its holdings in shares of Perdoceo Education by 11.2% during the third quarter. LSV Asset Management now owns 557,559 shares of the company’s stock worth $9,534,000 after purchasing an additional 56,300 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Perdoceo Education by 6.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 23,750 shares of the company’s stock worth $406,000 after buying an additional 1,342 shares during the period. Finally, Alps Advisors Inc. purchased a new position in shares of Perdoceo Education in the 3rd quarter worth $1,054,000. 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.