Perdoceo Education (NASDAQ:PRDO) Price Target Raised to $25.00 at Barrington Research

Perdoceo Education (NASDAQ:PRDO) had its target price upped by Barrington Research from $23.00 to $25.00 in a research note issued to investors on Thursday morning, Benzinga reports. Barrington Research 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 Trading Up 1.0 %

PRDO opened at $24.34 on Thursday. The company has a 50 day moving average of $17.90 and a 200 day moving average of $17.74. Perdoceo Education has a 12 month low of $11.50 and a 12 month high of $24.66. The company has a market cap of $1.60 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 0.77 and a beta of 0.93.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. The firm had revenue of $168.30 million during the quarter, compared to analyst estimates of $163.30 million. Perdoceo Education had a return on equity of 17.09% and a net margin of 22.35%. The business’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same period last year, the company earned $0.58 earnings per share. Research analysts forecast that Perdoceo Education will post 2.21 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

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

Insider Buying and Selling

In related news, CFO Ashish R. Ghia sold 11,412 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $19.00, for a total transaction of $216,828.00. Following the completion of the transaction, the chief financial officer now directly owns 226,234 shares in the company, valued at $4,298,446. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Todd S. Nelson sold 16,000 shares of the firm’s 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 approximately $12,026,127.55. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Ashish R. Ghia sold 11,412 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $19.00, for a total transaction of $216,828.00. Following the completion of the transaction, the chief financial officer now owns 226,234 shares of the company’s stock, valued at $4,298,446. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,412 shares of company stock worth $1,342,428. Corporate insiders own 1.81% of the company’s stock.

Institutional Investors Weigh In On Perdoceo Education

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

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.