O Shaughnessy Asset Management LLC Decreases Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

O Shaughnessy Asset Management LLC lessened its position in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 23.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 115,956 shares of the company's stock after selling 35,760 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.18% of Perdoceo Education worth $3,069,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PRDO. Smartleaf Asset Management LLC raised its position in Perdoceo Education by 227.1% in 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 purchased a new stake in shares of Perdoceo Education in the fourth quarter worth approximately $60,000. KBC Group NV lifted its stake 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 acquiring an additional 1,190 shares during the last quarter. Parkside Financial Bank & Trust boosted 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 acquiring an additional 1,355 shares during the period. Finally, Point72 DIFC Ltd bought a new position in Perdoceo Education in the 3rd quarter valued at $114,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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Perdoceo Education Trading Up 2.1 %

NASDAQ:PRDO traded up $0.52 during midday trading on Tuesday, hitting $25.82. The stock had a trading volume of 111,327 shares, compared to its average volume of 477,854. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $26.41 and a 200 day moving average of $25.45. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 0.75 and a beta of 0.87. Perdoceo Education Co. has a one year low of $16.56 and a one year high of $29.84.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The business had revenue of $176.43 million for the quarter, compared to the consensus estimate of $160.12 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. As a group, sell-side analysts forecast 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. Stockholders of record on Saturday, March 1st were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 2.01%. Perdoceo Education's dividend payout ratio is currently 23.64%.

Insider Transactions at Perdoceo Education

In other news, SVP Elise Baskel sold 17,818 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 93,354 shares of the company's stock, valued at approximately $2,255,432.64. The trade was a 16.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ashish R. Ghia sold 6,236 shares of the company's stock in a transaction 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 $6,303,250. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,691 shares of company stock valued at $2,774,669. Company insiders own 1.81% of the company's stock.

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.