Hsbc Holdings PLC Has $367,000 Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Hsbc Holdings PLC decreased its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 40.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,897 shares of the company's stock after selling 9,351 shares during the quarter. Hsbc Holdings PLC's holdings in Perdoceo Education were worth $367,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. First Trust Advisors LP grew its holdings in Perdoceo Education by 7.9% during the 4th quarter. First Trust Advisors LP now owns 3,296,208 shares of the company's stock valued at $87,251,000 after buying an additional 241,147 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Perdoceo Education by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,817,982 shares of the company's stock valued at $48,129,000 after purchasing an additional 14,591 shares during the period. American Century Companies Inc. boosted its position in Perdoceo Education by 5.1% in the 4th quarter. American Century Companies Inc. now owns 1,627,190 shares of the company's stock valued at $43,072,000 after buying an additional 79,686 shares during the period. Boston Partners lifted its holdings in shares of Perdoceo Education by 41.1% in the 4th quarter. Boston Partners now owns 1,209,899 shares of the company's stock worth $32,379,000 after buying an additional 352,470 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Perdoceo Education by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 950,573 shares of the company's stock worth $25,162,000 after acquiring an additional 5,748 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Perdoceo Education

In related news, insider Michele A. Peppers sold 13,091 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $30.00, for a total value of $392,730.00. Following the completion of the sale, the insider now owns 49,914 shares of the company's stock, valued at $1,497,420. This represents a 20.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Ashish R. Ghia sold 6,236 shares of the 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 sale, the chief financial officer now directly owns 252,130 shares of the company's stock, valued at approximately $6,303,250. This represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 123,782 shares of company stock worth $3,167,399 over the last 90 days. Company insiders own 2.11% of the company's stock.

Analysts Set New Price Targets

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

Perdoceo Education Price Performance

Shares of PRDO stock traded up $0.02 during trading hours on Monday, reaching $31.08. The company had a trading volume of 526,852 shares, compared to its average volume of 468,655. The stock has a fifty day moving average of $25.88 and a 200-day moving average of $26.35. Perdoceo Education Co. has a 12-month low of $20.23 and a 12-month high of $32.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 0.75 and a beta of 0.79.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.66 by $0.04. The business had revenue of $213.00 million during 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 quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share. On average, equities analysts anticipate that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Sunday, June 1st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, May 30th. Perdoceo Education's dividend payout ratio is presently 23.01%.

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.