LSV Asset Management Has $48.90 Million Stock Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

LSV Asset Management reduced its holdings in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,847,305 shares of the company's stock after selling 57,849 shares during the period. LSV Asset Management owned approximately 2.81% of Perdoceo Education worth $48,898,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PRDO. Smartleaf Asset Management LLC lifted its position in shares of Perdoceo Education by 227.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock worth $34,000 after buying an additional 913 shares during the period. R Squared Ltd bought a new stake in Perdoceo Education during the fourth quarter worth about $60,000. KBC Group NV increased its holdings in shares of Perdoceo Education by 47.5% during the fourth quarter. KBC Group NV now owns 3,696 shares of the company's stock worth $98,000 after buying an additional 1,190 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Perdoceo Education by 53.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock valued at $103,000 after acquiring an additional 1,355 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Perdoceo Education in the 3rd quarter worth approximately $133,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on PRDO shares. Barrington Research raised their target price 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 shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, February 11th.

Remove Ads

Perdoceo Education Trading Up 0.5 %

PRDO traded up $0.13 during mid-day trading on Tuesday, reaching $25.93. The stock had a trading volume of 350,974 shares, compared to its average volume of 480,324. The firm's fifty day simple moving average is $25.99 and its two-hundred day simple moving average is $25.61. The stock has a market capitalization of $1.71 billion, a P/E ratio of 11.79, a P/E/G ratio of 0.75 and a beta of 0.87. Perdoceo Education Co. has a 52 week low of $16.56 and a 52 week high of $29.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The firm had revenue of $176.43 million during the quarter, compared to analyst estimates of $160.12 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. On average, equities analysts predict that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Announces Dividend

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

Insider Buying and Selling at Perdoceo Education

In related news, CFO Ashish R. Ghia sold 35,677 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 204,477 shares in the company, valued at $5,281,640.91. This trade represents a 14.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Todd S. Nelson sold 38,984 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $24.66, for a total transaction of $961,345.44. Following the completion of the transaction, the chief executive officer now directly owns 644,047 shares of the company's stock, valued at $15,882,199.02. This trade represents a 5.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,691 shares of company stock valued at $2,774,669. 1.81% of the stock is currently owned by company insiders.

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.