Perdoceo Education (NASDAQ:PRDO) Upgraded at Wall Street Zen

Perdoceo Education (NASDAQ:PRDO) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.

Several other research firms have also weighed in on PRDO. Weiss Ratings restated a “buy (b)” rating on shares of Perdoceo Education in a research report on Wednesday, October 8th. Barrington Research restated an “outperform” rating and set a $42.00 price target on shares of Perdoceo Education in a research report on Tuesday, October 21st. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $42.00.

Perdoceo Education Price Performance

Shares of PRDO stock opened at $30.89 on Tuesday. The firm has a market cap of $2.01 billion, a P/E ratio of 13.37, a P/E/G ratio of 0.92 and a beta of 0.88. Perdoceo Education has a fifty-two week low of $21.81 and a fifty-two week high of $38.02. The business’s 50 day moving average price is $34.92 and its 200-day moving average price is $32.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27.

Insider Activity at Perdoceo Education

In related news, CFO Ashish R. Ghia sold 53,081 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $30.70, for a total transaction of $1,629,586.70. Following the completion of the sale, the chief financial officer owned 157,632 shares in the company, valued at approximately $4,839,302.40. This represents a 25.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Greg E. Jansen sold 30,234 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $33.00, for a total value of $997,722.00. Following the sale, the senior vice president owned 96,279 shares of the company’s stock, valued at approximately $3,177,207. This trade represents a 23.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 205,656 shares of company stock valued at $6,871,148 in the last 90 days. 2.11% of the stock is owned by company insiders.

Institutional Trading of Perdoceo Education

Several hedge funds have recently bought and sold shares of PRDO. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Perdoceo Education by 2.2% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 17,037 shares of the company’s stock worth $557,000 after acquiring an additional 361 shares during the period. Blue Trust Inc. boosted its stake in shares of Perdoceo Education by 81.5% in the third quarter. Blue Trust Inc. now owns 833 shares of the company’s stock worth $31,000 after acquiring an additional 374 shares during the period. Global Retirement Partners LLC boosted its stake in shares of Perdoceo Education by 49.9% in the third quarter. Global Retirement Partners LLC now owns 1,154 shares of the company’s stock worth $43,000 after acquiring an additional 384 shares during the period. AlphaQuest LLC boosted its stake in shares of Perdoceo Education by 4.7% in the first quarter. AlphaQuest LLC now owns 8,976 shares of the company’s stock worth $226,000 after acquiring an additional 399 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Perdoceo Education by 4.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 10,579 shares of the company’s stock worth $398,000 after acquiring an additional 414 shares during the period. 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.