Intech Investment Management LLC Has $1.26 Million Stock Position in Perdoceo Education Co. (NASDAQ:PRDO)

Intech Investment Management LLC increased its position in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 220.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,839 shares of the company's stock after acquiring an additional 39,121 shares during the period. Intech Investment Management LLC owned about 0.09% of Perdoceo Education worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in PRDO. Vanguard Group Inc. lifted its stake in Perdoceo Education by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,896,257 shares of the company's stock valued at $103,538,000 after purchasing an additional 45,259 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Perdoceo Education by 2.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 117,546 shares of the company's stock valued at $2,063,000 after purchasing an additional 2,832 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Perdoceo Education by 13.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,680 shares of the company's stock valued at $329,000 after purchasing an additional 2,189 shares during the last quarter. Boston Partners lifted its stake in Perdoceo Education by 979.2% in the 1st quarter. Boston Partners now owns 750,979 shares of the company's stock valued at $13,376,000 after purchasing an additional 681,391 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in Perdoceo Education in the 2nd quarter valued at approximately $2,570,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PRDO shares. StockNews.com downgraded shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 22nd. Barrington Research raised their price target 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 Transactions at Perdoceo Education

In other Perdoceo Education news, SVP John Robert Kline sold 30,574 shares of the firm's stock in a transaction on Friday, November 15th. The shares were 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 directly 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Patrick W. Gross sold 3,400 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $26.74, for a total transaction of $90,916.00. Following the completion of the sale, the director now owns 69,635 shares of the company's stock, valued at $1,862,039.90. The trade was a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,450 shares of company stock worth $1,036,206 over the last three months. 1.81% of the stock is owned by company insiders.

Perdoceo Education Stock Performance

PRDO stock opened at $27.38 on Wednesday. The company has a fifty day moving average price of $23.01 and a 200-day moving average price of $22.62. The company has a market capitalization of $1.80 billion, a P/E ratio of 13.76, a PEG ratio of 0.80 and a beta of 1.04. Perdoceo Education Co. has a 52-week low of $16.12 and a 52-week high of $29.47.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings data 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. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. The company had revenue of $169.83 million during the quarter, compared to analysts' expectations of $164.60 million. During the same period in the prior year, the company posted $0.64 earnings per share. Perdoceo Education's revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Perdoceo Education Co. will post 2.27 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Monday, December 2nd. Perdoceo Education's dividend payout ratio (DPR) is presently 26.13%.

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.