John Robert Kline Sells 12,148 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDO) SVP John Robert Kline sold 12,148 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $25.79, for a total value of $313,296.92. Following the transaction, the senior vice president now directly owns 130,405 shares of the company’s stock, valued at $3,363,144.95. This represents a 8.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

John Robert Kline also recently made the following trade(s):

• On Friday, November 15th, John Robert Kline sold 30,574 shares of Perdoceo Education stock. The stock was sold at an average price of $26.47, for a total value of $809,293.78.

Perdoceo Education Stock Down 1.9 %

NASDAQ:PRDO opened at $25.87 on Friday. Perdoceo Education Co. has a 12-month low of $16.12 and a 12-month high of $29.47. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 13.00, a P/E/G ratio of 0.81 and a beta of 1.06. The stock’s 50 day moving average price is $26.46 and its two-hundred day moving average price is $23.65.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings data 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 company had revenue of $169.83 million during the quarter, compared to analysts’ expectations of $164.60 million. During the same period last year, the firm posted $0.64 earnings per share. The business’s revenue was down 5.6% on a year-over-year basis. Equities research analysts expect that Perdoceo Education Co. will post 2.27 EPS for the current year.

Perdoceo Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a $0.13 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.01%. Perdoceo Education’s payout ratio is 26.13%.

Analyst Ratings Changes

Several research firms recently issued reports on PRDO. Barrington Research upped their target price on Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 8th.

Institutional Trading of Perdoceo Education

A number of hedge funds have recently made changes to their positions in PRDO. Quarry LP lifted its position in shares of Perdoceo Education by 1,306.3% in the second quarter. Quarry LP now owns 1,350 shares of the company’s stock valued at $29,000 after buying an additional 1,254 shares during the last quarter. Blue Trust Inc. lifted its holdings in Perdoceo Education by 38.7% during the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock worth $38,000 after purchasing an additional 492 shares during the last quarter. Quest Partners LLC acquired a new stake in Perdoceo Education during the 2nd quarter worth approximately $39,000. Point72 DIFC Ltd acquired a new stake in Perdoceo Education during the 3rd quarter worth approximately $114,000. Finally, Point72 Asset Management L.P. acquired a new stake in Perdoceo Education during the 3rd quarter worth approximately $133,000. 93.46% of the stock is owned by institutional investors and hedge funds.

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.