Boston Partners Grows Stock Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Boston Partners lifted its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 41.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,209,899 shares of the company's stock after acquiring an additional 352,470 shares during the quarter. Boston Partners owned approximately 1.84% of Perdoceo Education worth $32,379,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PRDO. Smartleaf Asset Management LLC increased its holdings in Perdoceo Education by 227.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock worth $34,000 after purchasing an additional 913 shares during the period. R Squared Ltd bought a new stake in shares of Perdoceo Education in the fourth quarter valued at about $60,000. KBC Group NV lifted its stake in Perdoceo Education by 47.5% in 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 period. 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 DIFC Ltd purchased a new position in Perdoceo Education during the 3rd quarter valued at about $114,000. Institutional investors own 93.46% of the company's stock.

Insider Transactions at Perdoceo Education

In related news, SVP Elise Baskel sold 17,818 shares of Perdoceo Education 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 completion of the sale, the senior vice president now directly owns 93,354 shares in the company, valued at $2,255,432.64. This trade represents a 16.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Todd S. Nelson sold 12,472 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total transaction of $327,888.88. Following the transaction, the chief executive officer now owns 615,697 shares in the company, valued at $16,186,674.13. The trade was a 1.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,438 shares of company stock worth $1,071,669. Insiders own 1.81% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PRDO shares. StockNews.com raised shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Barrington Research upped their target price on Perdoceo Education from $32.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th.

Perdoceo Education Stock Up 2.9 %

Perdoceo Education stock traded up $0.71 during trading hours on Monday, reaching $25.29. The stock had a trading volume of 569,394 shares, compared to its average volume of 443,451. Perdoceo Education Co. has a 52 week low of $16.56 and a 52 week high of $29.84. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 0.75 and a beta of 1.04. 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 business's 50 day moving average price is $26.85 and its 200-day moving average price is $25.15.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The company had revenue of $176.43 million during the quarter, compared to the consensus estimate of $160.12 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. Sell-side analysts anticipate that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend was Friday, February 28th. Perdoceo Education's dividend payout ratio (DPR) is presently 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.