UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.22 Million Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 26.5% during the fourth quarter, according to its most recent 13F filing with the Securities and 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 about 0.30% of Perdoceo Education worth $5,224,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Squarepoint Ops LLC bought a new stake in Perdoceo Education in the fourth quarter valued at $6,134,000. Two Sigma Advisers LP lifted its holdings in shares of Perdoceo Education by 70.0% in the fourth quarter. Two Sigma Advisers LP now owns 17,000 shares of the company's stock valued at $450,000 after purchasing an additional 7,000 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of Perdoceo Education in the fourth quarter valued at approximately $1,253,000. Point72 Asset Management L.P. lifted its holdings in shares of Perdoceo Education by 31.7% in the fourth quarter. Point72 Asset Management L.P. now owns 7,900 shares of the company's stock valued at $209,000 after purchasing an additional 1,900 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Perdoceo Education by 44.7% in the fourth quarter. ProShare Advisors LLC now owns 19,671 shares of the company's stock valued at $521,000 after purchasing an additional 6,078 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Ashish R. Ghia sold 6,236 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $25.00, for a total transaction of $155,900.00. Following the transaction, the chief financial officer now owns 252,130 shares of the company's stock, valued at $6,303,250. This trade represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michele A. Peppers sold 4,038 shares of Perdoceo Education stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $32.00, for a total value of $129,216.00. Following the completion of the sale, the insider now directly owns 45,876 shares in the company, valued at $1,468,032. This represents a 8.09% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,116 shares of company stock worth $3,895,709. Corporate insiders own 2.11% of the company's stock.

Perdoceo Education Price Performance

Shares of Perdoceo Education stock traded down $0.27 on Friday, hitting $33.00. The company's stock had a trading volume of 591,164 shares, compared to its average volume of 485,411. The firm has a fifty day moving average price of $28.70 and a 200-day moving average price of $27.42. Perdoceo Education Co. has a 1 year low of $20.23 and a 1 year high of $34.60. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 0.75 and a beta of 0.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.04. The business had revenue of $213.00 million during the quarter, compared to analyst estimates of $207.97 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The business's revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 earnings per share. As a group, sell-side analysts anticipate that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Sunday, June 1st will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, May 30th. Perdoceo Education's dividend payout ratio (DPR) is 23.01%.

Wall Street Analyst Weigh In

PRDO has been the subject of several analyst reports. Wall Street Zen downgraded shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report 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 note on Friday.

About Perdoceo Education

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.