JPMorgan Chase & Co. Increases Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

JPMorgan Chase & Co. increased its position in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 27.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 742,342 shares of the company's stock after buying an additional 160,162 shares during the quarter. JPMorgan Chase & Co. owned 1.13% of Perdoceo Education worth $19,650,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Smartleaf Asset Management LLC grew its position 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 acquiring an additional 913 shares during the period. R Squared Ltd bought a new position in shares of Perdoceo Education during the 4th quarter worth approximately $60,000. KBC Group NV raised its stake in Perdoceo Education by 47.5% in the 4th quarter. KBC Group NV now owns 3,696 shares of the company's stock valued at $98,000 after acquiring an additional 1,190 shares during the period. Parkside Financial Bank & Trust lifted 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 valued at $103,000 after purchasing an additional 1,355 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Perdoceo Education during the 3rd quarter worth about $133,000. Institutional investors own 93.46% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PRDO shares. Barrington Research lifted their price target on Perdoceo Education from $32.00 to $35.00 and gave the stock 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.

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Insider Buying and Selling at Perdoceo Education

In other news, CEO Todd S. Nelson sold 38,984 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $24.66, for a total value of $961,345.44. Following the transaction, the chief executive officer now owns 644,047 shares of the company's stock, valued at $15,882,199.02. This represents a 5.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ashish R. Ghia sold 6,236 shares of Perdoceo Education stock in a transaction dated 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 directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,691 shares of company stock valued at $2,774,669. Company insiders own 1.81% of the company's stock.

Perdoceo Education Stock Down 0.2 %

PRDO traded down $0.06 during midday trading on Wednesday, hitting $25.87. The company had a trading volume of 53,759 shares, compared to its average volume of 478,676. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 0.75 and a beta of 0.87. Perdoceo Education Co. has a 52 week low of $16.56 and a 52 week high of $29.84. The stock's 50 day moving average price is $25.94 and its 200 day moving average price is $25.61. 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 posted its earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, beating 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. On average, research analysts anticipate that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently announced 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 2.01%. The ex-dividend date of this dividend was Friday, February 28th. Perdoceo Education's payout ratio is 23.64%.

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.