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

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

Separately, Barrington Research reaffirmed an “outperform” rating and set a $32.00 price target on shares of Perdoceo Education in a research report on Friday, February 7th.

Perdoceo Education Stock Performance

Shares of PRDO stock opened at $28.19 on Tuesday. The company has a market capitalization of $1.85 billion, a P/E ratio of 14.17, a PEG ratio of 0.80 and a beta of 1.07. Perdoceo Education has a fifty-two week low of $16.12 and a fifty-two week high of $29.47. The stock has a 50 day moving average price of $27.28 and a two-hundred day moving average price of $24.57.

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

Insider Activity at Perdoceo Education

In related news, SVP John Robert Kline sold 30,574 shares of Perdoceo Education stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $26.47, for a total transaction of $809,293.78. Following the completion of the transaction, the senior vice president now directly owns 130,405 shares of the company’s stock, valued at $3,451,820.35. This trade represents a 18.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Patrick W. Gross sold 3,400 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $26.74, for a total transaction of $90,916.00. Following the sale, the director now directly owns 69,635 shares in the company, valued at $1,862,039.90. The trade was a 4.66 % 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 over the last 90 days. 1.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC increased its holdings in shares of Perdoceo Education by 227.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock valued at $34,000 after acquiring an additional 913 shares in the last quarter. Blue Trust Inc. grew its position in Perdoceo Education by 38.7% during the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock valued at $38,000 after purchasing an additional 492 shares during the last quarter. R Squared Ltd bought a new stake in Perdoceo Education during the 4th quarter valued at about $60,000. KBC Group NV raised its holdings in Perdoceo Education by 47.5% in the fourth quarter. KBC Group NV now owns 3,696 shares of the company’s stock worth $98,000 after buying an additional 1,190 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Perdoceo Education by 53.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company’s stock worth $103,000 after buying an additional 1,355 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

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.