UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 26.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 197,374 shares of the company's stock after selling 71,180 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.30% of Perdoceo Education worth $5,224,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its stake in Perdoceo Education by 227.1% in the 4th 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 during the last quarter. Quarry LP raised its stake in Perdoceo Education by 223.6% in 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. KBC Group NV increased its stake in shares of Perdoceo Education by 47.5% during the 4th quarter. KBC Group NV now owns 3,696 shares of the company's stock valued at $98,000 after acquiring an additional 1,190 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Perdoceo Education by 53.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock valued at $103,000 after acquiring an additional 1,355 shares during the last quarter. Finally, New Vernon Capital Holdings II LLC acquired a new position in shares of Perdoceo Education during the 4th quarter valued at about $127,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. 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. Barrington Research upped their price objective on shares of Perdoceo Education from $35.00 to $38.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd.

Insider Buying and Selling

In other Perdoceo Education news, SVP Sunitha Araamudhu sold 14,296 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president now owns 34,891 shares in the company, valued at $1,070,804.79. This represents a 29.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Julia A. Leeman sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $32.07, for a total value of $160,350.00. Following the completion of the transaction, the senior vice president now owns 29,677 shares of the company's stock, valued at approximately $951,741.39. This represents a 14.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,116 shares of company stock valued at $3,895,709. 2.11% of the stock is currently owned by corporate insiders.

Perdoceo Education Trading Down 0.1%

Shares of NASDAQ PRDO traded down $0.04 on Thursday, reaching $33.27. 501,347 shares of the company traded hands, compared to its average volume of 484,356. Perdoceo Education Co. has a fifty-two week low of $20.23 and a fifty-two week high of $34.60. The company has a 50 day moving average of $28.40 and a 200 day moving average of $27.33. 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 stock has a market capitalization of $2.18 billion, a PE ratio of 15.12, a P/E/G ratio of 0.75 and a beta of 0.85.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.04. The company 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 21.66% and a return on equity of 16.85%. The company's quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 EPS. On average, equities research analysts forecast that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Sunday, June 1st will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Friday, May 30th. Perdoceo Education's dividend payout ratio (DPR) is presently 23.01%.

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.