AJOVista LLC Purchases Shares of 4,636 Perdoceo Education Co. (NASDAQ:PRDO)

AJOVista LLC acquired a new position in Perdoceo Education Co. (NASDAQ:PRDO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,636 shares of the company’s stock, valued at approximately $81,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Perdoceo Education during the 4th quarter valued at $26,000. Planned Solutions Inc. bought a new stake in Perdoceo Education during the fourth quarter valued at about $26,000. Commons Capital LLC purchased a new stake in Perdoceo Education in the fourth quarter worth about $193,000. Fox Run Management L.L.C. bought a new position in shares of Perdoceo Education in the third quarter worth about $208,000. Finally, Diversified Trust Co bought a new position in shares of Perdoceo Education in the fourth quarter worth about $231,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Perdoceo Education Stock Up 1.0 %

NASDAQ PRDO traded up $0.23 during trading hours on Friday, 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 Co. has a 1 year low of $11.50 and a 1 year high of $24.66. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 0.77 and a beta of 0.93. The firm’s 50-day moving average price is $17.90 and its 200-day moving average price is $17.74.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Wednesday, May 1st. The company reported $0.60 earnings per share 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 net margin of 22.35% and a return on equity of 17.09%. Perdoceo Education’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.58 earnings per share. Equities research analysts anticipate that Perdoceo Education Co. will post 2.21 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently announced 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 is Friday, May 31st. This represents a $0.44 annualized dividend and a dividend yield of 1.81%. Perdoceo Education’s dividend payout ratio (DPR) is 19.38%.

Insider Buying and Selling

In other Perdoceo Education news, CFO Ashish R. Ghia sold 11,412 shares of Perdoceo Education 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 owns 226,234 shares of the company’s stock, valued at approximately $4,298,446. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Perdoceo Education news, CFO Ashish R. Ghia sold 11,412 shares of the business’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 transaction of $216,828.00. Following the sale, the chief financial officer now directly owns 226,234 shares of the company’s stock, valued at $4,298,446. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Todd S. Nelson sold 16,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $17.70, for a total value of $283,200.00. Following the completion of the sale, the chief executive officer now owns 617,367 shares of the company’s stock, valued at $10,927,395.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,412 shares of company stock worth $1,342,428. Corporate insiders own 1.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PRDO shares. StockNews.com lowered shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 25th. Barrington Research upped their target price on shares of Perdoceo Education from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday.

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.