Nuveen Asset Management LLC Sells 29,982 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Nuveen Asset Management LLC reduced its position in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 6.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 427,832 shares of the company's stock after selling 29,982 shares during the quarter. Nuveen Asset Management LLC owned about 0.65% of Perdoceo Education worth $11,325,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PRDO. Smartleaf Asset Management LLC raised its stake in Perdoceo Education by 227.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock valued at $34,000 after purchasing an additional 913 shares in the last quarter. Quarry LP raised its stake in Perdoceo Education by 223.6% in the fourth quarter. Quarry LP now owns 1,793 shares of the company's stock valued at $47,000 after purchasing an additional 1,239 shares in the last quarter. R Squared Ltd purchased a new stake in Perdoceo Education in the fourth quarter valued at approximately $60,000. KBC Group NV raised its stake in Perdoceo Education by 47.5% in the fourth quarter. KBC Group NV now owns 3,696 shares of the company's stock valued at $98,000 after purchasing an additional 1,190 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in Perdoceo Education by 53.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock valued at $103,000 after purchasing an additional 1,355 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PRDO has been the topic of several research reports. Barrington Research lifted their price target on shares of Perdoceo Education from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Wall Street Zen downgraded shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th.

Insider Buying and Selling

In related news, SVP Elise Baskel sold 17,818 shares of Perdoceo Education stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $24.16, for a total value of $430,482.88. Following the transaction, the senior vice president now directly owns 93,354 shares of the company's stock, valued at $2,255,432.64. The trade was a 16.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Todd S. Nelson sold 38,984 shares of Perdoceo Education stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $24.66, for a total transaction of $961,345.44. Following the completion of the transaction, the chief executive officer now directly owns 644,047 shares in the company, valued at approximately $15,882,199.02. The trade was a 5.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,116 shares of company stock valued at $3,895,709 over the last three months. 2.11% of the stock is owned by company insiders.

Perdoceo Education Price Performance

Shares of PRDO stock traded up $1.00 during trading hours on Friday, hitting $33.95. 782,294 shares of the company's stock were exchanged, compared to its average volume of 481,141. The company has a market capitalization of $2.22 billion, a PE ratio of 15.43, a PEG ratio of 0.75 and a beta of 0.79. Perdoceo Education Co. has a 12-month low of $20.23 and a 12-month high of $34.24. The business's 50 day simple moving average is $27.90 and its 200-day simple moving average is $27.19. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.66 by $0.04. The firm had revenue of $213.00 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. On average, equities research analysts anticipate that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Sunday, June 1st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, May 30th. Perdoceo Education's payout ratio is 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.