Perdoceo Education (NASDAQ:PRDO – Rating Received) was upgraded from a “c+” rating to a “b-” rating by analysts at TheStreet, TheStreetRatingsTable reports.
Several other research companies have also recently commented on PRDO. Barrington Research issued a renewed rating of “Outperform” for shares of Perdoceo Education in a report on Tuesday, August 9th. StockNews.com began coverage of Perdoceo Education in a report on Wednesday, October 12th. They gave the company a strong buy rating.
Perdoceo Education trade down 0.9%
Perdoceo Education stock opened at $14.19 on Tuesday. Perdoceo Education has a 12-month low of $9.65 and a 12-month high of $14.71. The stock has a 50-day moving average of $11.49 and a 200-day moving average of $11.56. The stock has a market cap of $953.14 million, a price-to-earnings ratio of 9.46, a PEG ratio of 0.59 and a beta of 1.14.
Perdoceo Education (NASDAQ:PRDO – Get Rating) last released its quarterly earnings data on Monday, November 7th. The company reported earnings per share of $0.39 for the quarter, beating analyst consensus estimates of $0.29 by $0.10. The company had revenue of $168.42 million for the quarter, compared to analysts’ expectations of $159.21 million. Perdoceo Education had a return on equity of 17.44% and a net margin of 15.37%. Equity analysts are forecasting that Perdoceo Education will report year-to-date earnings per share of 1.59.
Insider activity at Perdoceo Education
In related news, SVP John Robert Kline sold 2,625 shares of the company’s stock in a transaction that took place on Wednesday October 26th. The stock sold at an average price of $11.49 for a total value of $30,161.25. Upon closing of the transaction, the senior vice president now directly owns 174,373 shares of the company, valued at approximately $2,003,545.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC’s website. In other news from Perdoceo Education, Chairman Todd S. Nelson sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 12. The stock sold at an average price of $10.30 for a total transaction of $257,500.00. Upon completion of the transaction, the Chairman now owns 986,417 shares of the Company, valued at $10,160,095.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also on Wednesday, October 26, SVP John Robert Kline sold 2,625 shares of the company’s stock in a transaction. The stock sold at an average price of $11.49 for a total value of $30,161.25. Following the transaction, the senior vice president now directly owns 174,373 shares of the company, valued at approximately $2,003,545.77. The disclosure for this sale can be found here. Insiders have sold 139,399 shares of the company’s stock valued at $1,490,695 over the past ninety days. Company insiders own 2.89% of the company’s shares.
Hedge funds rely on Perdoceo Education
Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings of Perdoceo Education stock by 2.8% during the first quarter. Vanguard Group Inc. now owns 5,930,315 shares of the company’s stock valued at $68,079,000 after purchasing an additional 158,927 shares last quarter. Renaissance Technologies LLC increased its stake in Perdoceo Education by 6.8% in the second quarter. Renaissance Technologies LLC now owns 4,965,587 shares of the company’s stock valued at $58,495,000 after purchasing an additional 315,918 shares last quarter. Dimensional Fund Advisors LP increased its ownership of Perdoceo Education shares by 10.4% in the third quarter. Dimensional Fund Advisors LP now owns 4,332,379 shares of the company’s stock valued at $44,624,000 after purchasing an additional 409,013 shares last quarter. State Street Corp increased its ownership of Perdoceo Education stock by 1.7% in the second quarter. State Street Corp now owns 2,765,978 shares of the company’s stock valued at $32,583,000 after purchasing an additional 47,046 shares last quarter. Finally, Polaris Capital Management LLC increased its stake in Perdoceo Education by 221.2% during the second quarter. Polaris Capital Management LLC now owns 2,489,694 shares of the company’s stock valued at $56,217,000 after purchasing an additional 1,714,494 shares last quarter. Hedge funds and other institutional investors own 95.31% of the company’s shares.
About Perdoceo Education
Perdoceo Education Corporation provides post-secondary education through online, campus-based, and blended learning programs in the United States. The Company operates through two segments, Colorado Technical University and American InterContinental University. It offers academic programs in the career-oriented disciplines of business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity and criminal justice, as well as business administration, information technologies, education, and health sciences.
This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to firstname.lastname@example.org.
Hear this before you consider Perdoceo Education.
MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes hold… and Perdoceo Education didn’t make the list.
While Perdoceo Education is currently rated a Buy by analysts, top analysts believe these five stocks are better buys.
Check out the five stocks here