State of Tennessee Department of Treasury Has $439,000 Position in Perdoceo Education Co. (NASDAQ:PRDO)

State of Tennessee Department of Treasury cut its position in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 38.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,571 shares of the company's stock after selling 10,333 shares during the period. State of Tennessee Department of Treasury's holdings in Perdoceo Education were worth $439,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, CEO Todd S. Nelson sold 38,984 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $15,882,199.02. This represents a 5.71 % 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 firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $25.00, for a total transaction of $155,900.00. Following the completion of the transaction, the chief financial officer now directly owns 252,130 shares in the company, 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 have sold 110,691 shares of company stock valued at $2,774,669 over the last 90 days. 2.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PRDO has been the subject of a number of research reports. Barrington Research raised their target price on shares of Perdoceo Education from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Friday. StockNews.com upgraded shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, February 11th.

Perdoceo Education Stock Performance

Shares of NASDAQ PRDO opened at $30.83 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 0.75 and a beta of 0.87. The stock's fifty day moving average price is $25.39 and its two-hundred day moving average price is $25.98. Perdoceo Education Co. has a one year low of $20.23 and a one year high of $30.96.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.66 by $0.04. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The business had revenue of $213.00 million for the quarter, compared to the consensus estimate of $207.97 million. During the same period in the prior year, the company posted $0.60 earnings per share. Perdoceo Education's revenue was up 26.6% compared to the same quarter last year. On average, equities analysts forecast that Perdoceo Education Co. will post 2.41 EPS 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 paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, May 30th. Perdoceo Education's dividend payout ratio (DPR) is currently 23.64%.

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.

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