Empowered Funds LLC Sells 184,475 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Empowered Funds LLC reduced its position in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 38.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 301,077 shares of the company's stock after selling 184,475 shares during the quarter. Empowered Funds LLC owned about 0.46% of Perdoceo Education worth $7,970,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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 buying an additional 492 shares during the period. Royce & Associates LP grew its position in shares of 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 buying an additional 807 shares during the period. KBC Group NV grew its position in shares of Perdoceo Education by 47.5% during the 4th quarter. KBC Group NV now owns 3,696 shares of the company's stock worth $98,000 after buying an additional 1,190 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Perdoceo Education by 13.1% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,995 shares of the company's stock worth $344,000 after buying an additional 1,503 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Perdoceo Education during the 4th quarter worth about $60,000. 93.46% of the stock is owned by institutional investors.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, CEO Todd S. Nelson sold 12,472 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $26.29, for a total transaction of $327,888.88. Following the completion of the transaction, the chief executive officer now owns 615,697 shares of the company's stock, valued at $16,186,674.13. This represents a 1.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP John Robert Kline sold 12,148 shares of the company's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $25.79, for a total value of $313,296.92. Following the transaction, the senior vice president now directly owns 130,405 shares of the company's stock, valued at approximately $3,363,144.95. This trade represents a 8.52 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 28,020 shares of company stock worth $732,102. 1.81% of the stock is owned by company insiders.

Perdoceo Education Stock Up 0.6 %

Shares of PRDO traded up $0.16 on Friday, hitting $28.46. The company's stock had a trading volume of 454,219 shares, compared to its average volume of 373,151. The firm's fifty day moving average price is $27.31 and its 200-day moving average price is $24.62. Perdoceo Education Co. has a fifty-two week low of $16.12 and a fifty-two week high of $29.47. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 14.30, a P/E/G ratio of 0.80 and a beta of 1.07.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings data 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 return on equity of 15.58% and a net margin of 20.42%. The business had revenue of $169.83 million during the quarter, compared to analyst estimates of $164.60 million. During the same period in the previous year, the firm earned $0.64 EPS. Perdoceo Education's quarterly revenue was down 5.6% compared to the same quarter last year. As a group, equities analysts predict that Perdoceo Education Co. will post 2.27 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Saturday, March 1st will be given a $0.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 1.83%. Perdoceo Education's dividend payout ratio is presently 26.13%.

Analysts Set New Price Targets

Several research firms have recently issued reports on PRDO. StockNews.com upgraded Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. Barrington Research restated an "outperform" rating and set a $32.00 target price on shares of Perdoceo Education in a research report on Friday, February 7th.

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.