Perdoceo Education (NASDAQ:PRDO) Rating Increased to Strong-Buy at StockNews.com

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

Separately, Barrington Research restated an “outperform” rating and issued a $32.00 price target on shares of Perdoceo Education in a report on Friday.

Perdoceo Education Price Performance

Shares of NASDAQ:PRDO opened at $28.45 on Tuesday. The firm has a market capitalization of $1.87 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 0.80 and a beta of 1.07. The business has a 50 day simple moving average of $27.24 and a two-hundred day simple moving average of $24.52. Perdoceo Education has a 1 year low of $16.12 and a 1 year high of $29.47.

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

Insiders Place Their Bets

In related news, CEO Todd S. Nelson sold 12,472 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total value of $327,888.88. Following the completion of the transaction, the chief executive officer now owns 615,697 shares of the company’s stock, valued at $16,186,674.13. The trade was a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP John Robert Kline sold 30,574 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $26.47, for a total value of $809,293.78. Following the sale, the senior vice president now directly owns 130,405 shares in the company, valued at $3,451,820.35. This trade represents a 18.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,594 shares of company stock worth $1,541,396 in the last ninety days. 1.81% of the stock is owned by company insiders.

Institutional Investors Weigh In On Perdoceo Education

Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its position in shares of Perdoceo Education by 38.7% in the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock worth $38,000 after buying an additional 492 shares during the last quarter. Vest Financial LLC grew its holdings in Perdoceo Education by 26.5% in the third quarter. Vest Financial LLC now owns 66,728 shares of the company’s stock worth $1,484,000 after purchasing an additional 13,977 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Perdoceo Education by 3,465.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,275 shares of the company’s stock worth $140,000 after buying an additional 6,099 shares during the last quarter. Assetmark Inc. increased its position in Perdoceo Education by 8.1% during the 3rd quarter. Assetmark Inc. now owns 97,626 shares of the company’s stock valued at $2,171,000 after buying an additional 7,328 shares in the last quarter. Finally, Atria Investments Inc purchased a new stake in Perdoceo Education in the third quarter valued at about $234,000. 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.