Barclays PLC Buys 86,227 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Barclays PLC lifted its position in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 353.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 110,622 shares of the company's stock after buying an additional 86,227 shares during the quarter. Barclays PLC owned about 0.17% of Perdoceo Education worth $2,460,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Blue Trust Inc. grew its position in shares of Perdoceo Education by 38.7% during the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company's stock worth $38,000 after purchasing an additional 492 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Perdoceo Education by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 33,000 shares of the company's stock worth $707,000 after buying an additional 500 shares in the last quarter. Royce & Associates LP increased its stake in Perdoceo Education by 1.0% during the 3rd quarter. Royce & Associates LP now owns 85,631 shares of the company's stock worth $1,904,000 after acquiring an additional 807 shares during the period. Lakewood Asset Management LLC lifted its position in shares of Perdoceo Education by 8.7% during the 3rd quarter. Lakewood Asset Management LLC now owns 15,300 shares of the company's stock valued at $340,000 after acquiring an additional 1,219 shares during the period. Finally, Quarry LP grew its holdings in shares of Perdoceo Education by 1,306.3% during the 2nd quarter. Quarry LP now owns 1,350 shares of the company's stock worth $29,000 after purchasing an additional 1,254 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Insider Buying and Selling

In other Perdoceo Education news, Director Patrick W. Gross sold 3,400 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $26.74, for a total transaction of $90,916.00. Following the sale, the director now directly owns 69,635 shares of the company's stock, valued at $1,862,039.90. The trade was a 4.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John Robert Kline sold 30,574 shares of the firm's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $26.47, for a total transaction of $809,293.78. Following the transaction, the senior vice president now directly owns 130,405 shares of the company's stock, valued at $3,451,820.35. The trade was a 18.99 % decrease in their position. The disclosure for this sale can be found here. 1.81% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PRDO. Barrington Research upped their price objective on shares of Perdoceo Education from $30.00 to $32.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. StockNews.com raised shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a report on Sunday, December 8th.

Perdoceo Education Price Performance

NASDAQ:PRDO traded up $0.16 during trading hours on Thursday, hitting $26.75. The company's stock had a trading volume of 191,519 shares, compared to its average volume of 465,518. The company has a market capitalization of $1.76 billion, a P/E ratio of 13.44, a PEG ratio of 0.81 and a beta of 1.07. Perdoceo Education Co. has a twelve month low of $16.12 and a twelve month high of $29.47. The stock has a fifty day simple moving average of $25.44 and a 200-day simple moving average of $23.25.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. The company had revenue of $169.83 million for the quarter, compared to analyst estimates of $164.60 million. During the same period in the previous year, the firm posted $0.64 EPS. The firm's revenue was down 5.6% on a year-over-year basis. On average, equities analysts predict that Perdoceo Education Co. will post 2.27 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Monday, December 2nd. Perdoceo Education's dividend payout ratio (DPR) is 26.13%.

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.