Todd S. Nelson Sells 38,984 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDO) CEO Todd S. Nelson sold 38,984 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $24.66, for a total value of $961,345.44. Following the completion of the sale, the chief executive officer now owns 644,047 shares of the company’s stock, valued at approximately $15,882,199.02. This trade represents a 5.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Perdoceo Education Stock Performance

Perdoceo Education stock opened at $25.20 on Wednesday. Perdoceo Education Co. has a fifty-two week low of $16.56 and a fifty-two week high of $29.84. The stock’s 50 day simple moving average is $26.80 and its two-hundred day simple moving average is $25.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 0.75 and a beta of 1.04.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $176.43 million for the quarter, compared to analysts’ expectations of $160.12 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. As a group, analysts expect that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were given a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 2.06%. Perdoceo Education’s dividend payout ratio (DPR) is currently 23.64%.

Institutional Investors Weigh In On Perdoceo Education

Hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. lifted its holdings in shares of Perdoceo Education by 71.3% during the third quarter. Victory Capital Management Inc. now owns 73,819 shares of the company’s stock valued at $1,642,000 after purchasing an additional 30,725 shares during the last quarter. Wellington Management Group LLP bought a new position in Perdoceo Education during the 3rd quarter valued at approximately $9,374,000. Geode Capital Management LLC raised its stake in Perdoceo Education by 1.9% during the third quarter. Geode Capital Management LLC now owns 1,803,391 shares of the company’s stock valued at $40,114,000 after buying an additional 33,092 shares during the last quarter. Quest Partners LLC boosted its holdings in Perdoceo Education by 1,107.5% in the third quarter. Quest Partners LLC now owns 22,012 shares of the company’s stock worth $490,000 after acquiring an additional 20,189 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Perdoceo Education by 353.5% in the third quarter. Barclays PLC now owns 110,622 shares of the company’s stock worth $2,460,000 after acquiring an additional 86,227 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Barrington Research upped their price objective on shares of Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th.

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.