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Greg E. Jansen, the Senior Vice President and General Counsel at Perdoceo Education Corp (NASDAQ:PRDO), recently sold 21,432 shares of the company’s common stock. The transaction, executed on April 10, was conducted at a weighted average price of $26.10 per share, amounting to a total value of $559,375. The sale comes as Perdoceo demonstrates robust financial health with an impressive 83.5% gross profit margin and a market capitalization of $1.7 billion. According to InvestingPro analysis, the stock is currently trading near its Fair Value.
The sale was carried out under a Rule 10b5-1 trading plan that Jansen adopted on November 15, 2024. Following this transaction, Jansen retains ownership of 126,513 shares, which includes 73,150 unvested restricted stock units. These units are part of Perdoceo’s 2016 Incentive Compensation Plan, with each unit representing a contingent right to receive one share of the company’s common stock. The company has demonstrated strong performance with a 54% return over the past year, and maintains a "GREAT" financial health score. For deeper insights into Perdoceo’s valuation and 8 additional key investment tips, visit InvestingPro.
In other recent news, Perdoceo Education Corporation reported a strong performance in the fourth quarter of 2024, exceeding analysts’ expectations. The company posted earnings per share of $0.50, surpassing the anticipated $0.42, and achieved revenue of $176.43 million, which was higher than the projected $159.8 million. For the full year, Perdoceo’s adjusted earnings per share increased to $2.29 from $2.10, despite a slight decline in full-year revenue to $671.2 million from $710 million. The company completed the acquisition of the University of St. Augustine for Health Sciences, which is expected to positively impact its 2025 performance. In addition to these financial results, Perdoceo announced executive compensation adjustments, including a 6.25% salary increase for CEO Todd Nelson and an increase in long-term incentive targets for CFO Ashish Ghia. Analysts from various firms have noted the company’s robust financial performance, with expectations for continued growth driven by increased enrollments and strategic acquisitions. Furthermore, Perdoceo projects an adjusted operating income of $215 million to $235 million for 2025, reflecting confidence in its growth strategies.
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