Perdoceo Education Co. (NASDAQ:PRDO) Stock Holdings Decreased by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its position in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 19.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,137,230 shares of the company's stock after selling 512,893 shares during the period. Pacer Advisors Inc. owned about 3.25% of Perdoceo Education worth $47,532,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in PRDO. Vanguard Group Inc. grew its stake in shares of Perdoceo Education by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 5,896,257 shares of the company's stock worth $103,538,000 after purchasing an additional 45,259 shares during the period. Manning & Napier Advisors LLC acquired a new position in Perdoceo Education during the second quarter worth about $2,570,000. SG Americas Securities LLC acquired a new stake in shares of Perdoceo Education during the 2nd quarter valued at approximately $954,000. Boston Partners boosted its stake in shares of Perdoceo Education by 979.2% during the 1st quarter. Boston Partners now owns 750,979 shares of the company's stock worth $13,376,000 after acquiring an additional 681,391 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Perdoceo Education by 2.5% during the 2nd quarter. Renaissance Technologies LLC now owns 4,505,687 shares of the company's stock worth $96,512,000 after acquiring an additional 107,918 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barrington Research lifted their price objective on Perdoceo Education from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. StockNews.com downgraded Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Friday.

Perdoceo Education Trading Up 1.9 %

Shares of PRDO stock traded up $0.51 during trading hours on Friday, hitting $27.33. The company's stock had a trading volume of 404,067 shares, compared to its average volume of 465,824. Perdoceo Education Co. has a twelve month low of $16.12 and a twelve month high of $29.47. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 0.78 and a beta of 1.04. The business has a fifty day moving average of $22.79 and a 200-day moving average of $22.58.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.06. The company had revenue of $169.83 million during the quarter, compared to the consensus estimate of $164.60 million. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. Perdoceo Education's revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 earnings per share. On average, equities analysts expect that Perdoceo Education Co. will post 2.27 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Monday, December 2nd. Perdoceo Education's payout ratio is currently 26.13%.

Insider Activity

In other news, SVP John Robert Kline sold 30,574 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $26.47, for a total value of $809,293.78. Following the completion of the sale, the senior vice president now owns 130,405 shares in the company, valued at approximately $3,451,820.35. This trade represents a 18.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Patrick W. Gross sold 3,400 shares of Perdoceo Education stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $26.74, for a total transaction of $90,916.00. Following the sale, the director now owns 69,635 shares in the company, valued at $1,862,039.90. This represents a 4.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,450 shares of company stock valued at $1,036,206 in the last three months. Corporate insiders own 1.81% of the company's stock.

Perdoceo Education 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.