Dimensional Fund Advisors LP Trims Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Dimensional Fund Advisors LP cut its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,907,705 shares of the company's stock after selling 89,405 shares during the period. Dimensional Fund Advisors LP owned 7.47% of Perdoceo Education worth $129,906,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PRDO. Smartleaf Asset Management LLC increased its position in Perdoceo Education by 227.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock valued at $34,000 after acquiring an additional 913 shares during the period. R Squared Ltd acquired a new stake in shares of Perdoceo Education during the fourth quarter worth $60,000. KBC Group NV increased its stake in Perdoceo Education by 47.5% in the 4th quarter. KBC Group NV now owns 3,696 shares of the company's stock valued at $98,000 after buying an additional 1,190 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Perdoceo Education by 53.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock worth $103,000 after acquiring an additional 1,355 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Perdoceo Education in the fourth quarter valued at about $172,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Elise Baskel sold 17,818 shares of Perdoceo Education stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $24.16, for a total transaction of $430,482.88. Following the transaction, the senior vice president now owns 93,354 shares in the company, valued at approximately $2,255,432.64. The trade was a 16.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Todd S. Nelson sold 38,984 shares of the business'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 transaction, the chief executive officer now owns 644,047 shares in the company, valued at approximately $15,882,199.02. This represents a 5.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,691 shares of company stock valued at $2,774,669 in the last quarter. 2.11% of the stock is currently owned by company insiders.

Perdoceo Education Price Performance

Shares of NASDAQ:PRDO traded down $0.03 during midday trading on Thursday, hitting $25.09. 60,767 shares of the stock were exchanged, compared to its average volume of 472,435. The stock has a market cap of $1.64 billion, a P/E ratio of 11.42, a PEG ratio of 0.75 and a beta of 0.87. Perdoceo Education Co. has a twelve month low of $18.10 and a twelve month 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 company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings data 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 net margin of 21.66% and a return on equity of 16.85%. The business had revenue of $176.43 million during the quarter, compared to analysts' expectations of $160.12 million. On average, research analysts forecast that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st were paid a $0.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 2.07%. Perdoceo Education's payout ratio is currently 23.64%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PRDO. Barrington Research restated an "outperform" rating and issued a $35.00 price target on shares of Perdoceo Education in a research note on Thursday, April 24th. StockNews.com upgraded shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, February 11th.

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.