Universal Beteiligungs und Servicegesellschaft mbH Acquires 24,411 Shares of Perdoceo Education Corporation (NASDAQ:PRDO)

Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 18.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,911 shares of the company's stock after buying an additional 24,411 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.24% of Perdoceo Education worth $3,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. First Trust Advisors LP lifted its holdings in shares of Perdoceo Education by 7.9% during the 4th quarter. First Trust Advisors LP now owns 3,296,208 shares of the company's stock valued at $87,251,000 after buying an additional 241,147 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Perdoceo Education by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,817,982 shares of the company's stock worth $48,129,000 after purchasing an additional 14,591 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in Perdoceo Education in the 4th quarter worth approximately $47,129,000. Frontier Capital Management Co. LLC lifted its holdings in Perdoceo Education by 5.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,739,401 shares of the company's stock worth $46,042,000 after purchasing an additional 85,100 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Perdoceo Education by 58.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,088,105 shares of the company's stock worth $27,398,000 after purchasing an additional 403,157 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PRDO has been the subject of several analyst reports. Barrington Research restated an "outperform" rating and issued a $40.00 target price on shares of Perdoceo Education in a report on Friday. Wall Street Zen lowered Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th.

Perdoceo Education Stock Performance

Shares of PRDO stock traded up $0.88 during trading hours on Friday, reaching $29.66. 442,059 shares of the company's stock were exchanged, compared to its average volume of 585,840. Perdoceo Education Corporation has a fifty-two week low of $20.55 and a fifty-two week high of $34.60. The stock has a market capitalization of $1.94 billion, a P/E ratio of 13.12, a P/E/G ratio of 0.77 and a beta of 0.83. The business has a fifty day moving average price of $31.22 and a 200-day moving average price of $28.47. The company has a quick ratio of 4.43, a current ratio of 4.46 and a debt-to-equity ratio of 0.01.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. Perdoceo Education had a return on equity of 17.10% and a net margin of 20.91%. The company had revenue of $209.58 million during the quarter, compared to analyst estimates of $206.92 million. During the same period in the previous year, the company earned $0.60 earnings per share. The company's quarterly revenue was up 25.7% compared to the same quarter last year. Analysts predict that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Insider Activity at Perdoceo Education

In other news, SVP John Robert Kline sold 71,254 shares of the business's 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. The trade was a 48.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William Dean Hansen sold 5,994 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were 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 approximately $1,394,036.76. This represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 131,474 shares of company stock valued at $4,157,836. 2.11% of the stock is owned by corporate insiders.

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.