Insider Selling: Perdoceo Education Co. (NASDAQ:PRDO) Director Sells $90,916.00 in Stock

Perdoceo Education Co. (NASDAQ:PRDO) Director Patrick W. Gross sold 3,400 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $26.74, for a total value of $90,916.00. Following the completion of the transaction, the director now owns 69,635 shares in the company, valued at $1,862,039.90. This trade represents a 4.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Perdoceo Education Price Performance

Shares of NASDAQ:PRDO opened at $27.33 on Friday. Perdoceo Education Co. has a 12 month low of $16.12 and a 12 month high of $29.47. The business’s 50 day simple moving average is $22.79 and its 200-day simple moving average is $22.58. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 0.78 and a beta of 1.04.

Perdoceo Education (NASDAQ:PRDO) last posted its earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The firm had revenue of $169.83 million for the quarter, compared to analyst estimates of $164.60 million. During the same quarter in the prior year, the company earned $0.64 EPS. Perdoceo Education’s revenue was down 5.6% on a year-over-year basis. On average, equities analysts anticipate that Perdoceo Education Co. will post 2.27 earnings per share for the current year.

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Monday, December 2nd. Perdoceo Education’s dividend payout ratio is presently 26.13%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. StockNews.com cut Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Friday. Barrington Research boosted their target price on Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Boston Partners increased its holdings in shares of Perdoceo Education by 979.2% during the 1st quarter. Boston Partners now owns 750,979 shares of the company’s stock worth $13,376,000 after buying an additional 681,391 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Perdoceo Education by 24.3% in the 2nd quarter. Pacer Advisors Inc. now owns 2,650,123 shares of the company’s stock valued at $56,766,000 after purchasing an additional 518,048 shares in the last quarter. Wellington Management Group LLP purchased a new position in Perdoceo Education in the 3rd quarter valued at about $9,374,000. Millennium Management LLC boosted its position in Perdoceo Education by 944.8% in the 2nd quarter. Millennium Management LLC now owns 246,659 shares of the company’s stock valued at $5,283,000 after buying an additional 223,050 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Perdoceo Education in the 2nd quarter valued at about $3,634,000. Hedge funds and other institutional investors 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.