William Dean Hansen Sells 5,994 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDO) Director William Dean Hansen sold 5,994 shares of the firm’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $31.56, for a total value of $189,170.64. Following the sale, the director now directly owns 44,171 shares of the company’s stock, valued at $1,394,036.76. This trade represents a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Perdoceo Education Stock Up 1.3%

Shares of Perdoceo Education stock opened at $32.19 on Thursday. The stock has a market cap of $2.11 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 0.75 and a beta of 0.85. The business has a fifty day simple moving average of $29.07 and a 200 day simple moving average of $27.52. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. Perdoceo Education Co. has a 12 month low of $20.23 and a 12 month high of $34.60.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.04. The company had revenue of $213.00 million during the quarter, compared to analysts’ expectations of $207.97 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share. Research analysts predict that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Sunday, June 1st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Friday, May 30th. Perdoceo Education’s dividend payout ratio (DPR) is presently 23.01%.

Wall Street Analyst Weigh In

PRDO has been the subject of a number of recent analyst reports. Barrington Research upped their price target on shares of Perdoceo Education from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, June 6th. Wall Street Zen downgraded Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Monday, May 5th.

Hedge Funds Weigh In On Perdoceo Education

Large investors have recently modified their holdings of the stock. Strs Ohio bought a new position in Perdoceo Education during the 1st quarter worth $733,000. Acadian Asset Management LLC bought a new position in Perdoceo Education in the first quarter valued at approximately $11,022,000. Intech Investment Management LLC increased its stake in shares of Perdoceo Education by 475.2% in the 1st quarter. Intech Investment Management LLC now owns 198,122 shares of the company’s stock valued at $4,989,000 after purchasing an additional 163,677 shares during the last quarter. Jane Street Group LLC grew its position in Perdoceo Education by 117.5% in the first quarter. Jane Street Group LLC now owns 267,312 shares of the company’s stock valued at $6,731,000 after acquiring an additional 144,395 shares during the last quarter. Finally, Caxton Associates LLP bought a new stake in shares of Perdoceo Education during the 1st quarter valued at approximately $656,000. 93.46% of the stock is 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.