Perdoceo Education Co. (NASDAQ:PRDO) Holdings Lifted by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its position in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 19.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,151 shares of the company's stock after buying an additional 22,193 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.21% of Perdoceo Education worth $3,658,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Atria Investments Inc raised its holdings in shares of Perdoceo Education by 3.6% in the fourth quarter. Atria Investments Inc now owns 10,886 shares of the company's stock valued at $288,000 after acquiring an additional 375 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Perdoceo Education by 227.1% during 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 during the last quarter. Swiss National Bank grew its stake in shares of Perdoceo Education by 0.8% during the fourth quarter. Swiss National Bank now owns 122,700 shares of the company's stock worth $3,248,000 after acquiring an additional 1,000 shares during the last quarter. KBC Group NV grew its stake in shares of 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 acquiring an additional 1,190 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Perdoceo Education by 53.8% during the fourth 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 last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Ashish R. Ghia sold 6,236 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $25.00, for a total value of $155,900.00. Following the completion of the sale, the chief financial officer now owns 252,130 shares in the company, valued at approximately $6,303,250. This trade represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Elise Baskel sold 17,818 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $24.16, for a total value of $430,482.88. Following the sale, the senior vice president now owns 93,354 shares of the company's stock, valued at approximately $2,255,432.64. This trade represents a 16.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 123,782 shares of company stock worth $3,167,399 over the last three months. 2.11% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PRDO shares. StockNews.com lowered Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th. Barrington Research upped their target price 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 Trading Up 3.1%

Shares of PRDO traded up $0.93 during midday trading on Friday, reaching $31.06. The company had a trading volume of 479,266 shares, compared to its average volume of 468,422. The firm has a 50 day simple moving average of $25.88 and a 200-day simple moving average of $26.35. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.04 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 0.75 and a beta of 0.79. Perdoceo Education Co. has a 1-year low of $20.23 and a 1-year high of $31.22.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.04. The firm had revenue of $213.00 million during the quarter, compared to analysts' expectations of $207.97 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The firm's revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. Research analysts forecast that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Sunday, June 1st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.67%. Perdoceo Education's payout ratio is 23.01%.

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.