Perdoceo Education Co. (NASDAQ:PRDO) Shares Bought by LSV Asset Management

LSV Asset Management boosted its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 117.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,213,839 shares of the company's stock after acquiring an additional 656,280 shares during the period. LSV Asset Management owned 1.85% of Perdoceo Education worth $21,315,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Raymond James & Associates boosted its stake in Perdoceo Education by 4.7% during the 3rd quarter. Raymond James & Associates now owns 17,757 shares of the company's stock worth $304,000 after acquiring an additional 804 shares during the last quarter. Assetmark Inc. increased its position in shares of Perdoceo Education by 5.3% in the 3rd quarter. Assetmark Inc. now owns 80,078 shares of the company's stock valued at $1,369,000 after buying an additional 4,038 shares in the last quarter. Panagora Asset Management Inc. acquired a new stake in Perdoceo Education during the 3rd quarter worth $879,000. Teacher Retirement System of Texas lifted its holdings in Perdoceo Education by 65.7% during the third quarter. Teacher Retirement System of Texas now owns 104,363 shares of the company's stock worth $1,785,000 after acquiring an additional 41,396 shares in the last quarter. Finally, AdvisorShares Investments LLC bought a new position in Perdoceo Education during the third quarter worth about $431,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analyst Weigh In

PRDO has been the topic of several research reports. Barrington Research boosted their price objective on shares of Perdoceo Education from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Thursday, May 2nd. StockNews.com cut Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 25th.

Perdoceo Education Stock Down 1.8 %

Shares of PRDO stock traded down $0.44 during trading on Tuesday, reaching $23.92. The company's stock had a trading volume of 694,306 shares, compared to its average volume of 540,234. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 0.73 and a beta of 0.93. Perdoceo Education Co. has a one year low of $11.62 and a one year high of $24.66. The business has a fifty day moving average price of $18.17 and a 200-day moving average price of $17.83.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.53 by $0.07. The firm had revenue of $168.30 million for the quarter, compared to analysts' expectations of $163.30 million. Perdoceo Education had a net margin of 22.35% and a return on equity of 17.09%. The company's revenue for the quarter was down 14.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 EPS. Research analysts anticipate that Perdoceo Education Co. will post 2.21 EPS for the current year.

Perdoceo Education Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st will be given a dividend of $0.11 per share. The ex-dividend date is Friday, May 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.84%. Perdoceo Education's payout ratio is presently 19.38%.

Insider Activity at Perdoceo Education

In other news, CFO Ashish R. Ghia sold 11,412 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $19.00, for a total transaction of $216,828.00. Following the sale, the chief financial officer now directly owns 226,234 shares of the company's stock, valued at approximately $4,298,446. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Ashish R. Ghia sold 11,412 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $19.00, for a total transaction of $216,828.00. Following the sale, the chief financial officer now owns 226,234 shares in the company, valued at approximately $4,298,446. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Todd S. Nelson sold 16,000 shares of the company's stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $17.65, for a total value of $282,400.00. Following the sale, the chief executive officer now owns 681,367 shares of the company's stock, valued at $12,026,127.55. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,412 shares of company stock worth $1,342,428. Company insiders own 1.81% of the company's stock.

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.