Perdoceo Education Co. (NASDAQ:PRDO) Stock Holdings Increased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 71.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,819 shares of the company's stock after purchasing an additional 30,725 shares during the quarter. Victory Capital Management Inc. owned about 0.11% of Perdoceo Education worth $1,642,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. boosted its position in Perdoceo Education by 38.7% in the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company's stock valued at $38,000 after buying an additional 492 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Perdoceo Education by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 33,000 shares of the company's stock valued at $707,000 after purchasing an additional 500 shares during the last quarter. ProShare Advisors LLC grew its stake in Perdoceo Education by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 13,180 shares of the company's stock valued at $231,000 after purchasing an additional 906 shares in the last quarter. Lakewood Asset Management LLC increased its holdings in Perdoceo Education by 8.7% during the 3rd quarter. Lakewood Asset Management LLC now owns 15,300 shares of the company's stock worth $340,000 after purchasing an additional 1,219 shares during the last quarter. Finally, Quarry LP raised its position in shares of Perdoceo Education by 1,306.3% in the 2nd quarter. Quarry LP now owns 1,350 shares of the company's stock valued at $29,000 after purchasing an additional 1,254 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Analysts Set New Price Targets

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

Perdoceo Education Trading Down 1.2 %

NASDAQ PRDO traded down $0.34 on Tuesday, hitting $27.38. 302,817 shares of the stock traded hands, compared to its average volume of 465,635. The stock has a 50-day moving average of $23.01 and a 200 day moving average of $22.62. Perdoceo Education Co. has a twelve month low of $16.12 and a twelve month high of $29.47. The company has a market capitalization of $1.80 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 0.80 and a beta of 1.04.

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

Perdoceo Education Dividend Announcement

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

Insiders Place Their Bets

In other Perdoceo Education news, insider Michele A. Peppers sold 6,476 shares of the firm's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total value of $135,996.00. Following the sale, the insider now directly owns 61,952 shares in the company, valued at approximately $1,300,992. This trade represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Patrick W. Gross sold 3,400 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $26.74, for a total transaction of $90,916.00. Following the transaction, the director now owns 69,635 shares of the company's stock, 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 over the last quarter. 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.