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

Geode Capital Management LLC grew its holdings in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,817,982 shares of the company's stock after purchasing an additional 14,591 shares during the quarter. Geode Capital Management LLC owned 2.77% of Perdoceo Education worth $48,129,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Atria Investments Inc lifted its position in shares of Perdoceo Education by 3.6% during the 4th quarter. Atria Investments Inc now owns 10,886 shares of the company's stock worth $288,000 after buying an additional 375 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Perdoceo Education by 227.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock worth $34,000 after acquiring an additional 913 shares in the last quarter. Swiss National Bank boosted its position in shares of Perdoceo Education by 0.8% during the 4th quarter. Swiss National Bank now owns 122,700 shares of the company's stock worth $3,248,000 after purchasing an additional 1,000 shares in the last quarter. KBC Group NV grew its position in Perdoceo Education by 47.5% during the fourth 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 period. Finally, Parkside Financial Bank & Trust increased its holdings in Perdoceo Education by 53.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock valued at $103,000 after buying an additional 1,355 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Transactions at Perdoceo Education

In other Perdoceo Education news, CEO Todd S. Nelson sold 38,984 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $24.66, for a total value of $961,345.44. Following the sale, the chief executive officer now directly owns 644,047 shares of the company's stock, valued at approximately $15,882,199.02. This trade represents a 5.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ashish R. Ghia sold 6,236 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,691 shares of company stock worth $2,774,669 over the last ninety days. 1.81% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on PRDO. Barrington Research upped their price target on Perdoceo Education from $32.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. StockNews.com raised Perdoceo Education from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 11th.

Perdoceo Education Price Performance

PRDO traded down $0.60 during midday trading on Friday, reaching $25.27. 597,447 shares of the company's stock were exchanged, compared to its average volume of 478,040. The business's 50-day moving average price is $25.77 and its 200 day moving average price is $25.69. The stock has a market capitalization of $1.66 billion, a PE ratio of 11.49, a P/E/G ratio of 0.75 and a beta of 0.87. Perdoceo Education Co. has a 1-year low of $17.35 and a 1-year high of $29.84. 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 (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The company had revenue of $176.43 million during the quarter, compared to analysts' expectations of $160.12 million. As a group, equities analysts anticipate that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The company 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 annualized dividend and a dividend yield of 2.06%. Perdoceo Education's dividend payout ratio is currently 23.64%.

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.