Robeco Institutional Asset Management B.V. Sells 20,535 Shares of Perdoceo Education Corporation (NASDAQ:PRDO)

Robeco Institutional Asset Management B.V. trimmed its position in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 15.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,720 shares of the company's stock after selling 20,535 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.18% of Perdoceo Education worth $2,939,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in Perdoceo Education by 227.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock valued at $34,000 after acquiring an additional 913 shares during the last quarter. Quarry LP grew its holdings in shares of Perdoceo Education by 223.6% during the 4th quarter. Quarry LP now owns 1,793 shares of the company's stock valued at $47,000 after purchasing an additional 1,239 shares during the last quarter. New Vernon Capital Holdings II LLC bought a new position in shares of Perdoceo Education during the 4th quarter valued at $127,000. Quantbot Technologies LP purchased a new position in Perdoceo Education in the 4th quarter worth $172,000. Finally, Point72 Asset Management L.P. lifted its stake in Perdoceo Education by 31.7% in the fourth quarter. Point72 Asset Management L.P. now owns 7,900 shares of the company's stock worth $209,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, SVP David C. Czeszewski sold 30,892 shares of Perdoceo Education stock in a transaction on Friday, June 13th. The stock was sold at an average price of $31.66, for a total transaction of $978,040.72. Following the completion of the transaction, the senior vice president owned 92,129 shares in the company, valued at approximately $2,916,804.14. The trade was a 25.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Sunitha Araamudhu sold 14,296 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $30.69, for a total value of $438,744.24. Following the completion of the sale, the senior vice president directly owned 34,891 shares in the company, valued at $1,070,804.79. This trade represents a 29.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 144,565 shares of company stock valued at $4,550,566 over the last three months. 2.11% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PRDO. Wall Street Zen cut Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th. Barrington Research raised their price target on Perdoceo Education from $38.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th.

Perdoceo Education Trading Up 1.5%

NASDAQ:PRDO traded up $0.47 during midday trading on Thursday, reaching $32.07. 474,031 shares of the stock traded hands, compared to its average volume of 490,856. The stock has a market capitalization of $2.10 billion, a P/E ratio of 14.19, a PEG ratio of 0.85 and a beta of 0.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.43 and a current ratio of 4.46. The company has a fifty day moving average of $31.12 and a 200 day moving average of $28.03. Perdoceo Education Corporation has a 12 month low of $20.55 and a 12 month high of $34.60.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.66 by $0.04. The firm had revenue of $213.00 million during the quarter, compared to the consensus estimate of $207.97 million. Perdoceo Education had a net margin of 20.91% and a return on equity of 17.10%. The company's quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. On average, research analysts predict that Perdoceo Education Corporation will post 2.41 EPS for the current year.

Perdoceo Education Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Sunday, June 1st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.62%. Perdoceo Education's dividend payout ratio (DPR) 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.