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

LSV Asset Management trimmed its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,847,305 shares of the company's stock after selling 57,849 shares during the quarter. LSV Asset Management owned 2.81% of Perdoceo Education worth $48,898,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its position in shares of 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 purchasing an additional 913 shares in the last quarter. R Squared Ltd acquired a new stake in Perdoceo Education in the fourth quarter valued at $60,000. KBC Group NV boosted its stake in Perdoceo Education by 47.5% during the 4th quarter. KBC Group NV now owns 3,696 shares of the company's stock valued at $98,000 after acquiring an additional 1,190 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Perdoceo Education by 53.8% during 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 in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Perdoceo Education in the 3rd quarter worth about $133,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analyst Weigh In

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

Perdoceo Education Stock Performance

Shares of Perdoceo Education stock traded down $0.29 during trading hours on Thursday, reaching $25.58. The company's stock had a trading volume of 118,742 shares, compared to its average volume of 543,438. Perdoceo Education Co. has a one year low of $16.79 and a one year high of $29.84. The company's 50 day simple moving average is $25.89 and its 200 day simple moving average is $25.61. 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 stock has a market cap of $1.69 billion, a P/E ratio of 11.63, a price-to-earnings-growth ratio of 0.75 and a beta of 0.87.

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

Perdoceo Education Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were paid a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 2.03%. Perdoceo Education's payout ratio is currently 23.64%.

Insiders Place Their Bets

In other Perdoceo Education news, SVP Elise Baskel sold 17,818 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $24.16, for a total transaction of $430,482.88. Following the completion of the transaction, the senior vice president now directly owns 93,354 shares of the company's stock, valued at $2,255,432.64. The trade was a 16.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Todd S. Nelson sold 38,984 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $24.66, for a total transaction 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. The trade was a 5.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,691 shares of company stock valued at $2,774,669 over the last three months. 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.