Perdoceo Education (NASDAQ:PRDO) Price Target Increased to $25.00 by Analysts at Barrington Research

Perdoceo Education (NASDAQ:PRDO) had its price target hoisted by Barrington Research from $23.00 to $25.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

Separately, StockNews.com downgraded shares of Perdoceo Education from a strong-buy rating to a buy rating in a report on Thursday, April 25th.

Perdoceo Education Stock Performance

Shares of Perdoceo Education stock traded up $0.23 during trading on Thursday, reaching $24.34. The company’s stock had a trading volume of 1,290,777 shares, compared to its average volume of 666,381. Perdoceo Education has a one year low of $11.50 and a one year high of $24.66. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 0.76 and a beta of 0.93. The business’s fifty day moving average price is $17.90 and its 200-day moving average price is $17.74.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.53 by $0.07. Perdoceo Education had a return on equity of 17.09% and a net margin of 22.35%. The company had revenue of $168.30 million for the quarter, compared to the consensus estimate of $163.30 million. During the same period in the previous year, the business posted $0.58 EPS. The company’s revenue for the quarter was down 14.0% on a year-over-year basis. Sell-side analysts anticipate that Perdoceo Education will post 2.12 EPS for the current year.

Perdoceo Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Friday, May 31st. Perdoceo Education’s payout ratio is presently 19.38%.

Insider Activity

In other Perdoceo Education news, CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $17.65, for a total transaction of $282,400.00. Following the sale, the chief executive officer now owns 681,367 shares in the company, valued at $12,026,127.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Ashish R. Ghia sold 11,412 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $19.00, for a total value of $216,828.00. Following the sale, the chief financial officer now directly owns 226,234 shares in the company, valued at approximately $4,298,446. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Todd S. Nelson sold 16,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $17.65, for a total value of $282,400.00. Following the completion of the transaction, the chief executive officer now directly owns 681,367 shares of the company’s stock, valued at $12,026,127.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,412 shares of company stock worth $1,342,428. Company insiders own 1.81% of the company’s stock.

Institutional Trading of Perdoceo Education

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Perdoceo Education by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 5,850,998 shares of the company’s stock worth $102,744,000 after buying an additional 25,197 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Perdoceo Education by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,064,870 shares of the company’s stock valued at $88,940,000 after purchasing an additional 74,877 shares in the last quarter. Pacer Advisors Inc. raised its position in Perdoceo Education by 32.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,602,905 shares of the company’s stock valued at $28,147,000 after purchasing an additional 395,481 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Perdoceo Education by 43.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,217,547 shares of the company’s stock worth $21,380,000 after purchasing an additional 366,202 shares in the last quarter. Finally, LSV Asset Management grew its holdings in shares of Perdoceo Education by 117.7% during the fourth quarter. LSV Asset Management now owns 1,213,839 shares of the company’s stock worth $21,315,000 after purchasing an additional 656,280 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Perdoceo Education Company Profile

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.