Grantham Mayo Van Otterloo & Co. LLC Purchases 38,015 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 53.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 108,718 shares of the company's stock after purchasing an additional 38,015 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned about 0.17% of Perdoceo Education worth $2,878,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in shares of Perdoceo Education by 227.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock valued at $34,000 after purchasing an additional 913 shares during the last quarter. R Squared Ltd bought a new position in Perdoceo Education in the fourth quarter valued at approximately $60,000. KBC Group NV grew its holdings in 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 acquiring an additional 1,190 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Perdoceo Education by 53.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock valued at $103,000 after acquiring an additional 1,355 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of Perdoceo Education in the 3rd quarter valued at $114,000. Institutional investors own 93.46% of the company's stock.

Insider Transactions at Perdoceo Education

In related news, CFO Ashish R. Ghia sold 6,236 shares of Perdoceo Education stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $25.00, for a total value of $155,900.00. Following the sale, the chief financial officer now owns 252,130 shares of the company's stock, valued at approximately $6,303,250. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Elise Baskel sold 17,818 shares of the company's 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 approximately $2,255,432.64. This trade represents a 16.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,691 shares of company stock valued at $2,774,669 over the last quarter. Corporate insiders own 1.81% of the company's stock.

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Analysts Set New Price Targets

A number of research firms recently commented on PRDO. Barrington Research upped their price objective on Perdoceo Education from $32.00 to $35.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. 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 Trading Up 0.2 %

Shares of PRDO stock traded up $0.05 on Friday, hitting $25.82. The stock had a trading volume of 459,156 shares, compared to its average volume of 481,332. The company has a fifty day moving average price of $26.06 and a two-hundred day moving average price of $25.58. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.70 billion, a P/E ratio of 11.74, a PEG ratio of 0.75 and a beta of 0.87. Perdoceo Education Co. has a twelve month low of $16.56 and a twelve month high of $29.84.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $160.12 million. As a group, analysts forecast that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Friday, February 28th. Perdoceo Education's dividend payout ratio (DPR) is presently 23.64%.

Perdoceo Education Company 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.