Universal Beteiligungs und Servicegesellschaft mbH Purchases New Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 130,500 shares of the company's stock, valued at approximately $3,454,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.20% of Perdoceo Education at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Castlekeep Investment Advisors LLC bought a new stake in shares of Perdoceo Education during the 4th quarter valued at $47,129,000. Boston Partners grew its stake in shares of Perdoceo Education by 41.1% during the fourth quarter. Boston Partners now owns 1,209,899 shares of the company's stock worth $32,379,000 after purchasing an additional 352,470 shares during the period. Millennium Management LLC increased its holdings in Perdoceo Education by 46.1% in the fourth quarter. Millennium Management LLC now owns 871,572 shares of the company's stock valued at $23,071,000 after purchasing an additional 275,129 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Perdoceo Education by 63.0% during the fourth quarter. Wellington Management Group LLP now owns 686,873 shares of the company's stock worth $18,182,000 after buying an additional 265,401 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Perdoceo Education by 7.9% in the 4th quarter. First Trust Advisors LP now owns 3,296,208 shares of the company's stock valued at $87,251,000 after acquiring an additional 241,147 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Perdoceo Education Stock Down 1.0%

Shares of NASDAQ PRDO traded down $0.33 during mid-day trading on Tuesday, reaching $33.77. 873,736 shares of the company's stock were exchanged, compared to its average volume of 483,687. Perdoceo Education Co. has a twelve month low of $20.23 and a twelve month high of $34.45. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 0.75 and a beta of 0.79. The business has a fifty day simple moving average of $28.08 and a 200 day simple moving average of $27.24.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.04. The firm had revenue of $213.00 million for the quarter, compared to analyst estimates of $207.97 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The business's revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. As a group, equities analysts expect that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Sunday, June 1st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Friday, May 30th. Perdoceo Education's dividend payout ratio (DPR) is presently 23.01%.

Insider Buying and Selling at Perdoceo Education

In related news, CEO Todd S. Nelson sold 38,984 shares of Perdoceo Education stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $24.66, for a total value of $961,345.44. Following the sale, the chief executive officer now owns 644,047 shares of the company's stock, valued at approximately $15,882,199.02. This trade represents a 5.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ashish R. Ghia sold 6,236 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $25.00, for a total transaction of $155,900.00. Following the transaction, the chief financial officer now directly owns 252,130 shares of the company's stock, valued at $6,303,250. This represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,116 shares of company stock valued at $3,895,709 in the last 90 days. 2.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PRDO shares. Barrington Research boosted their price objective on shares of Perdoceo Education from $35.00 to $38.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Wall Street Zen lowered shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th.

Perdoceo Education 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.