Wellington Management Group LLP Boosts Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Wellington Management Group LLP boosted its stake in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 63.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 686,873 shares of the company's stock after purchasing an additional 265,401 shares during the quarter. Wellington Management Group LLP owned about 1.04% of Perdoceo Education worth $18,182,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted 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 worth $34,000 after purchasing an additional 913 shares in the last quarter. Quarry LP increased its holdings in shares of Perdoceo Education by 223.6% in the 4th quarter. Quarry LP now owns 1,793 shares of the company's stock worth $47,000 after buying an additional 1,239 shares during the last quarter. R Squared Ltd bought a new stake in shares of Perdoceo Education in the 4th quarter worth about $60,000. KBC Group NV increased its holdings in shares of Perdoceo Education by 47.5% in the 4th quarter. KBC Group NV now owns 3,696 shares of the company's stock worth $98,000 after buying an additional 1,190 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Perdoceo Education by 53.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock worth $103,000 after buying an additional 1,355 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insiders Place Their Bets

In other Perdoceo Education news, SVP Elise Baskel sold 17,818 shares of the company's stock in a transaction dated 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 in the company, valued at $2,255,432.64. This represents a 16.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $160,350.00. Following the completion of the sale, the senior vice president now directly owns 29,677 shares of the company's stock, valued at $951,741.39. The trade was a 14.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,116 shares of company stock worth $3,895,709 in the last three months. Corporate insiders own 2.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PRDO shares. Barrington Research boosted their target price on shares of Perdoceo Education from $35.00 to $38.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Wall Street Zen downgraded shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th.

Perdoceo Education Trading Down 0.1%

NASDAQ:PRDO traded down $0.04 during mid-day trading on Thursday, hitting $33.27. 501,347 shares of the stock traded hands, compared to its average volume of 484,845. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 0.75 and a beta of 0.85. Perdoceo Education Co. has a 52 week low of $20.23 and a 52 week high of $34.60. The firm's 50 day moving average is $28.56 and its two-hundred day moving average is $27.37. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.04. The business 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 company's revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. On average, equities research analysts predict that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Sunday, June 1st will be paid a $0.13 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.56%. Perdoceo Education's dividend payout ratio is currently 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.