Perdoceo Education Co. (NASDAQ:PRDO) Shares Purchased by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC boosted its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,739,401 shares of the company's stock after purchasing an additional 85,100 shares during the period. Frontier Capital Management Co. LLC owned about 2.65% of Perdoceo Education worth $46,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in PRDO. Barclays PLC boosted its stake in shares of Perdoceo Education by 353.5% in the third quarter. Barclays PLC now owns 110,622 shares of the company's stock worth $2,460,000 after buying an additional 86,227 shares during the last quarter. Franklin Resources Inc. boosted its position in Perdoceo Education by 9.6% in the 3rd quarter. Franklin Resources Inc. now owns 278,091 shares of the company's stock worth $5,954,000 after purchasing an additional 24,434 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Perdoceo Education by 3.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 582,180 shares of the company's stock worth $12,948,000 after purchasing an additional 16,720 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Perdoceo Education during the 4th quarter valued at approximately $358,000. Finally, Inspire Investing LLC acquired a new position in shares of Perdoceo Education in the 4th quarter valued at $818,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Perdoceo Education Price Performance

Shares of NASDAQ:PRDO traded up $0.93 during midday trading on Friday, reaching $31.06. 479,266 shares of the company's stock traded hands, compared to its average volume of 468,422. The company has a fifty day simple moving average of $25.88 and a two-hundred day simple moving average of $26.32. Perdoceo Education Co. has a 1 year low of $20.23 and a 1 year high of $31.22. The company has a market cap of $2.04 billion, a P/E ratio of 14.12, a PEG ratio of 0.75 and a beta of 0.79. 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 announced its earnings results on Thursday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.04. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The business had revenue of $213.00 million for the quarter, compared to analyst estimates of $207.97 million. During the same quarter last year, the business earned $0.60 earnings per share. The company's revenue for the quarter was up 26.6% compared to the same quarter last year. Equities analysts predict that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Sunday, June 1st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.67%. Perdoceo Education's payout ratio is currently 23.01%.

Wall Street Analyst Weigh In

Several research firms recently commented on PRDO. Barrington Research raised their price target on shares of Perdoceo Education from $35.00 to $38.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. StockNews.com lowered Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th.

Insiders Place Their Bets

In other news, CEO Todd S. Nelson sold 38,984 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $24.66, for a total transaction of $961,345.44. Following the transaction, the chief executive officer now owns 644,047 shares of the company's stock, valued at approximately $15,882,199.02. The trade was a 5.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Elise Baskel sold 17,818 shares of Perdoceo Education stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $24.16, for a total transaction 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 trade represents a 16.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 123,782 shares of company stock valued at $3,167,399 in the last 90 days. 2.11% of the stock is owned by insiders.

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.