Perdoceo Education (NASDAQ:PRDO) Raised to “Strong-Buy” at StockNews.com

Perdoceo Education (NASDAQ:PRDO) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

Separately, Barrington Research lifted their price target on Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday.

Perdoceo Education Price Performance

Shares of NASDAQ PRDO opened at $26.55 on Thursday. The business’s fifty day moving average price is $22.16 and its two-hundred day moving average price is $22.36. The firm has a market capitalization of $1.74 billion, a PE ratio of 13.22, a P/E/G ratio of 0.82 and a beta of 1.04. Perdoceo Education has a 1-year low of $16.12 and a 1-year high of $29.47.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.06. The business had revenue of $169.83 million during the quarter, compared to the consensus estimate of $164.60 million. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 earnings per share. Equities research analysts expect that Perdoceo Education will post 2.27 earnings per share for the current fiscal year.

Insider Transactions at Perdoceo Education

In related news, insider Michele A. Peppers sold 6,476 shares of Perdoceo Education stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total value of $135,996.00. Following the transaction, the insider now owns 61,952 shares in the company, valued at $1,300,992. This trade represents a 9.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.81% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Perdoceo Education

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Perdoceo Education by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,896,257 shares of the company’s stock valued at $103,538,000 after purchasing an additional 45,259 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Perdoceo Education by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,069,173 shares of the company’s stock worth $108,580,000 after buying an additional 28,909 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Perdoceo Education by 2.5% during the second quarter. Renaissance Technologies LLC now owns 4,505,687 shares of the company’s stock valued at $96,512,000 after purchasing an additional 107,918 shares during the period. Pacer Advisors Inc. increased its position in shares of Perdoceo Education by 24.3% in the 2nd quarter. Pacer Advisors Inc. now owns 2,650,123 shares of the company’s stock valued at $56,766,000 after buying an additional 518,048 shares in the last quarter. Finally, LSV Asset Management increased its holdings in shares of Perdoceo Education by 3.9% in the second quarter. LSV Asset Management now owns 2,010,254 shares of the company’s stock worth $43,060,000 after acquiring an additional 75,293 shares in the last quarter. Institutional investors and hedge funds 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.