Vanguard Group Inc. Has $127.60 Million Position in Perdoceo Education Co. (NASDAQ:PRDO)

Vanguard Group Inc. cut its position in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,820,346 shares of the company's stock after selling 113,632 shares during the period. Vanguard Group Inc. owned about 7.33% of Perdoceo Education worth $127,595,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PRDO. Verition Fund Management LLC boosted its stake in Perdoceo Education by 183.0% during the third quarter. Verition Fund Management LLC now owns 27,122 shares of the company's stock worth $603,000 after buying an additional 17,538 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Perdoceo Education during the 3rd quarter valued at about $133,000. Wellington Management Group LLP bought a new stake in Perdoceo Education in the third quarter valued at about $9,374,000. Barclays PLC increased its stake in Perdoceo Education by 353.5% in the third quarter. Barclays PLC now owns 110,622 shares of the company's stock valued at $2,460,000 after acquiring an additional 86,227 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Perdoceo Education by 1.9% during the third quarter. Geode Capital Management LLC now owns 1,803,391 shares of the company's stock worth $40,114,000 after purchasing an additional 33,092 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Ashish R. Ghia sold 35,677 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $25.83, for a total value of $921,536.91. Following the completion of the transaction, the chief financial officer now owns 204,477 shares of the company's stock, valued at approximately $5,281,640.91. This trade represents a 14.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Todd S. Nelson sold 38,984 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $24.66, for a total value of $961,345.44. Following the sale, the chief executive officer now owns 644,047 shares in the company, valued at $15,882,199.02. The trade was a 5.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,691 shares of company stock worth $2,774,669. Company insiders own 1.81% of the company's stock.

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Perdoceo Education Price Performance

PRDO traded up $0.05 during trading on Friday, hitting $25.82. The company's stock had a trading volume of 459,156 shares, compared to its average volume of 481,332. The firm's 50 day moving average price is $26.06 and its two-hundred day moving average price is $25.58. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 0.75 and a beta of 0.87. 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 Co. has a 12 month low of $16.56 and a 12 month 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, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $176.43 million for the quarter, compared to analysts' expectations of $160.12 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. Sell-side analysts forecast that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.01%. The ex-dividend date was Friday, February 28th. Perdoceo Education's payout ratio is 23.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Barrington Research upped their price objective on Perdoceo Education from $32.00 to $35.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. StockNews.com upgraded Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, February 11th.

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.