Pacer Advisors Inc. Has $49.01 Million Stake in Perdoceo Education Co. (NASDAQ:PRDO)

Pacer Advisors Inc. trimmed its stake in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 13.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,851,533 shares of the company's stock after selling 285,697 shares during the quarter. Pacer Advisors Inc. owned 2.82% of Perdoceo Education worth $49,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in PRDO. Squarepoint Ops LLC lifted its position in Perdoceo Education by 296.7% in the 2nd quarter. Squarepoint Ops LLC now owns 96,261 shares of the company's stock worth $2,062,000 after buying an additional 71,995 shares in the last quarter. Millennium Management LLC increased its stake in shares of Perdoceo Education by 944.8% in the second quarter. Millennium Management LLC now owns 246,659 shares of the company's stock worth $5,283,000 after acquiring an additional 223,050 shares during the last quarter. Algert Global LLC increased its stake in shares of Perdoceo Education by 30.3% in the second quarter. Algert Global LLC now owns 24,854 shares of the company's stock worth $532,000 after acquiring an additional 5,786 shares during the last quarter. Quarry LP raised its holdings in shares of Perdoceo Education by 1,306.3% during the second quarter. Quarry LP now owns 1,350 shares of the company's stock worth $29,000 after acquiring an additional 1,254 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Perdoceo Education during the second quarter valued at $1,836,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Perdoceo Education Trading Up 0.4 %

NASDAQ PRDO traded up $0.12 during trading on Friday, hitting $28.77. 248,470 shares of the company traded hands, compared to its average volume of 376,035. The company has a market capitalization of $1.89 billion, a P/E ratio of 14.46, a PEG ratio of 0.80 and a beta of 1.06. The business has a fifty day simple moving average of $27.10 and a 200 day simple moving average of $24.28. Perdoceo Education Co. has a 12 month low of $16.12 and a 12 month high of $29.47.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.06. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The firm had revenue of $169.83 million during the quarter, compared to analysts' expectations of $164.60 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. The company's revenue was down 5.6% on a year-over-year basis. Equities research analysts predict that Perdoceo Education Co. will post 2.27 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.52 annualized dividend and a yield of 1.81%. Perdoceo Education's dividend payout ratio (DPR) is presently 26.13%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PRDO. StockNews.com raised Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. Barrington Research lifted their target price on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th.

Insider Buying and Selling at Perdoceo Education

In related news, CEO Todd S. Nelson sold 12,472 shares of the 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 sale, the chief executive officer now owns 615,697 shares in the company, valued at $16,186,674.13. This represents a 1.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP John Robert Kline sold 12,148 shares of Perdoceo Education 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 completion of the transaction, the senior vice president now directly owns 130,405 shares in the company, valued at approximately $3,363,144.95. This represents a 8.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,594 shares of company stock worth $1,541,396 over the last ninety days. Company insiders own 1.81% of the company's stock.

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.