Clark Estates Inc. NY Sells 39,483 Shares of Perdoceo Education Corporation (NASDAQ:PRDO)

Clark Estates Inc. NY decreased its stake in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 27.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,403 shares of the company's stock after selling 39,483 shares during the period. Perdoceo Education makes up 0.6% of Clark Estates Inc. NY's portfolio, making the stock its 24th biggest position. Clark Estates Inc. NY owned 0.16% of Perdoceo Education worth $2,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new position in Perdoceo Education in the fourth quarter valued at about $47,129,000. Bank of New York Mellon Corp boosted its holdings in Perdoceo Education by 58.9% in the first quarter. Bank of New York Mellon Corp now owns 1,088,105 shares of the company's stock valued at $27,398,000 after purchasing an additional 403,157 shares during the last quarter. Millennium Management LLC boosted 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% in the fourth quarter. Wellington Management Group LLP now owns 686,873 shares of the company's stock valued at $18,182,000 after purchasing an additional 265,401 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Perdoceo Education by 7.9% in the fourth quarter. First Trust Advisors LP now owns 3,296,208 shares of the company's stock valued at $87,251,000 after purchasing an additional 241,147 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on PRDO. Barrington Research reissued an "outperform" rating and issued a $40.00 price target on shares of Perdoceo Education in a report on Friday. Wall Street Zen downgraded Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th.

Insider Buying and Selling at Perdoceo Education

In other news, SVP John Robert Kline sold 71,254 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $31.75, for a total transaction of $2,262,314.50. Following the sale, the senior vice president directly owned 75,868 shares in the company, valued at approximately $2,408,809. This represents a 48.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Dean Hansen sold 5,994 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $31.56, for a total value of $189,170.64. Following the sale, the director owned 44,171 shares in the company, valued at $1,394,036.76. The trade was a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 131,474 shares of company stock worth $4,157,836. Corporate insiders own 2.11% of the company's stock.

Perdoceo Education Stock Up 3.2%

NASDAQ PRDO traded up $0.92 on Friday, hitting $29.70. 1,364,830 shares of the stock traded hands, compared to its average volume of 592,481. The stock has a 50-day moving average of $31.22 and a 200 day moving average of $28.47. Perdoceo Education Corporation has a twelve month low of $20.55 and a twelve month high of $34.60. The company has a market capitalization of $1.95 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 0.77 and a beta of 0.83. The company has a current ratio of 4.46, a quick ratio of 4.43 and a debt-to-equity ratio of 0.01.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. Perdoceo Education had a return on equity of 17.10% and a net margin of 20.91%. The firm had revenue of $209.58 million for the quarter, compared to analysts' expectations of $206.92 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Perdoceo Education's revenue for the quarter was up 25.7% compared to the same quarter last year. As a group, analysts expect that Perdoceo Education Corporation will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Perdoceo Education's previous quarterly dividend of $0.13. Perdoceo Education's payout ratio is currently 23.01%.

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.