Fuller & Thaler Asset Management Inc. Sells 47,996 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Fuller & Thaler Asset Management Inc. lessened its position in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 18.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 208,608 shares of the company's stock after selling 47,996 shares during the period. Fuller & Thaler Asset Management Inc. owned 0.32% of Perdoceo Education worth $5,522,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PRDO. Barclays PLC increased 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 valued at $2,460,000 after buying an additional 86,227 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Perdoceo Education in the third quarter valued at about $647,000. Franklin Resources Inc. increased its stake in shares of Perdoceo Education by 9.6% in the third quarter. Franklin Resources Inc. now owns 278,091 shares of the company's stock valued at $5,954,000 after buying an additional 24,434 shares during the period. DGS Capital Management LLC increased its stake in shares of Perdoceo Education by 7.4% in the third quarter. DGS Capital Management LLC now owns 46,088 shares of the company's stock valued at $1,025,000 after buying an additional 3,193 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Perdoceo Education by 3.0% in the third quarter. JPMorgan Chase & Co. now owns 582,180 shares of the company's stock valued at $12,948,000 after buying an additional 16,720 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Buying and Selling at Perdoceo Education

In other news, CEO Todd S. Nelson sold 38,984 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $24.66, for a total value of $961,345.44. Following the completion of the sale, the chief executive officer now owns 644,047 shares in the company, valued at $15,882,199.02. This represents a 5.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Ashish R. Ghia sold 6,236 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $25.00, for a total transaction of $155,900.00. Following the completion of the sale, the chief financial officer now owns 252,130 shares of the company's stock, valued at approximately $6,303,250. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,691 shares of company stock worth $2,774,669. 2.11% of the stock is owned by corporate insiders.

Perdoceo Education Stock Down 0.3 %

Shares of Perdoceo Education stock traded down $0.07 during trading on Thursday, reaching $25.05. 84,513 shares of the company traded hands, compared to its average volume of 472,561. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45. Perdoceo Education Co. has a 1-year low of $18.10 and a 1-year high of $29.84. The company has a 50 day moving average price of $25.30 and a 200-day moving average price of $25.86. The firm has a market capitalization of $1.64 billion, a PE ratio of 11.38, a P/E/G ratio of 0.75 and a beta of 0.87.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The company had revenue of $176.43 million for the quarter, compared to the consensus estimate of $160.12 million. As a group, equities research analysts expect that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 2.08%. Perdoceo Education's dividend payout ratio (DPR) is presently 23.64%.

Analyst Ratings Changes

PRDO has been the subject of a number of research analyst reports. Barrington Research reiterated an "outperform" rating and issued a $35.00 target price on shares of Perdoceo Education in a report on Thursday, April 24th. StockNews.com upgraded shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 11th.

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.