Perdoceo Education (NASDAQ:PRDO) Earns “Outperform” Rating from Barrington Research

Perdoceo Education (NASDAQ:PRDO)‘s stock had its “outperform” rating reaffirmed by Barrington Research in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $30.00 target price on the stock. Barrington Research’s price target would indicate a potential upside of 33.21% from the company’s previous close.

Perdoceo Education Price Performance

NASDAQ PRDO traded up $0.17 during trading on Friday, reaching $22.52. The company’s stock had a trading volume of 177,738 shares, compared to its average volume of 477,408. The firm has a fifty day moving average of $22.79 and a 200 day moving average of $21.06. Perdoceo Education has a one year low of $16.12 and a one year high of $26.40. The stock has a market capitalization of $1.48 billion, a PE ratio of 9.92, a P/E/G ratio of 0.65 and a beta of 1.03.

Perdoceo Education (NASDAQ:PRDO) last announced its earnings results on Wednesday, July 31st. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $166.74 million for the quarter, compared to the consensus estimate of $160.91 million. Perdoceo Education had a net margin of 20.57% and a return on equity of 16.42%. Perdoceo Education’s quarterly revenue was down 10.6% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. Research analysts expect that Perdoceo Education will post 2.19 earnings per share for the current fiscal year.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, Chairman Gregory L. Jackson sold 26,664 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $22.70, for a total transaction of $605,272.80. Following the transaction, the chairman now directly owns 58,644 shares in the company, valued at $1,331,218.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Perdoceo Education news, Chairman Gregory L. Jackson sold 26,664 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $22.70, for a total value of $605,272.80. Following the completion of the sale, the chairman now owns 58,644 shares in the company, valued at $1,331,218.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Dean Hansen sold 13,185 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $23.01, for a total transaction of $303,386.85. Following the sale, the director now owns 39,016 shares of the company’s stock, valued at $897,758.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,325 shares of company stock valued at $1,044,656. Corporate insiders own 1.81% of the company’s stock.

Institutional Investors Weigh In On Perdoceo Education

Institutional investors and hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System boosted its holdings in Perdoceo Education by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 33,000 shares of the company’s stock valued at $707,000 after acquiring an additional 500 shares in the last quarter. Banque Cantonale Vaudoise lifted its position in Perdoceo Education by 9.9% during the 1st quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company’s stock valued at $110,000 after acquiring an additional 565 shares during the period. Illinois Municipal Retirement Fund boosted its stake in Perdoceo Education by 1.7% during the first quarter. Illinois Municipal Retirement Fund now owns 37,883 shares of the company’s stock worth $665,000 after acquiring an additional 617 shares in the last quarter. Texas Permanent School Fund Corp increased its stake in shares of Perdoceo Education by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 57,489 shares of the company’s stock valued at $1,010,000 after purchasing an additional 743 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Perdoceo Education by 7.4% during the first quarter. ProShare Advisors LLC now owns 13,180 shares of the company’s stock valued at $231,000 after purchasing an additional 906 shares during the last quarter. Hedge funds and other 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.