Geode Capital Management LLC Has $48.13 Million Stock Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Geode Capital Management LLC increased its holdings in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,817,982 shares of the company's stock after acquiring an additional 14,591 shares during the period. Geode Capital Management LLC owned about 2.77% of Perdoceo Education worth $48,129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP acquired a new stake in shares of Perdoceo Education during the third quarter worth approximately $9,374,000. Barclays PLC grew its holdings in shares of Perdoceo Education by 353.5% during the 3rd quarter. Barclays PLC now owns 110,622 shares of the company's stock valued at $2,460,000 after acquiring an additional 86,227 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Perdoceo Education by 9.6% in the third quarter. Franklin Resources Inc. now owns 278,091 shares of the company's stock worth $5,954,000 after acquiring an additional 24,434 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Perdoceo Education by 3.0% during the third quarter. JPMorgan Chase & Co. now owns 582,180 shares of the company's stock worth $12,948,000 after acquiring an additional 16,720 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Perdoceo Education during the fourth quarter valued at $358,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insider Transactions at Perdoceo Education

In other Perdoceo Education news, SVP Elise Baskel sold 17,818 shares of Perdoceo Education stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $24.16, for a total value of $430,482.88. Following the transaction, the senior vice president now directly owns 93,354 shares of the company's stock, valued at $2,255,432.64. The trade was a 16.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Ashish R. Ghia sold 35,677 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $25.83, for a total value of $921,536.91. Following the completion of the sale, the chief financial officer now directly owns 204,477 shares of the company's stock, valued at $5,281,640.91. This represents a 14.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,691 shares of company stock worth $2,774,669. Company insiders own 1.81% of the company's stock.

Perdoceo Education Stock Down 2.3 %

Shares of NASDAQ:PRDO traded down $0.60 on Friday, reaching $25.27. The company had a trading volume of 597,447 shares, compared to its average volume of 479,155. The stock has a market capitalization of $1.67 billion, a P/E ratio of 11.49, a P/E/G ratio of 0.75 and a beta of 0.87. The stock has a 50-day moving average price of $25.77 and a 200 day moving average price of $25.66. Perdoceo Education Co. has a twelve month low of $16.99 and a twelve month high of $29.84. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01.

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

Perdoceo Education Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st were issued a dividend of $0.13 per share. 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 23.64%.

Analyst Ratings Changes

PRDO has been the subject of a number of recent research reports. StockNews.com raised Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Barrington Research boosted their target price on shares of Perdoceo Education from $32.00 to $35.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th.

About Perdoceo Education

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.