Principal Financial Group Inc. cut its holdings in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 9.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 308,283 shares of the company's stock after selling 33,458 shares during the quarter. Principal Financial Group Inc. owned about 0.47% of Perdoceo Education worth $6,856,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in PRDO. Quarry LP grew its position in Perdoceo Education by 1,306.3% during the 2nd quarter. Quarry LP now owns 1,350 shares of the company's stock worth $29,000 after acquiring an additional 1,254 shares during the last quarter. Blue Trust Inc. boosted its stake in Perdoceo Education by 38.7% in the third quarter. Blue Trust Inc. now owns 1,762 shares of the company's stock valued at $38,000 after acquiring an additional 492 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Perdoceo Education during the 2nd quarter valued at approximately $39,000. Fifth Third Bancorp lifted its stake in Perdoceo Education by 650.6% in the 2nd quarter. Fifth Third Bancorp now owns 1,884 shares of the company's stock worth $40,000 after purchasing an additional 1,633 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in shares of Perdoceo Education in the 2nd quarter worth $74,000. Institutional investors own 93.46% of the company's stock.
Perdoceo Education Price Performance
Shares of PRDO stock traded up $0.04 during mid-day trading on Wednesday, hitting $26.44. 243,259 shares of the stock traded hands, compared to its average volume of 463,570. The stock has a market cap of $1.74 billion, a P/E ratio of 13.27, a P/E/G ratio of 0.78 and a beta of 1.04. The stock's fifty day moving average is $22.48 and its two-hundred day moving average is $22.51. 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 announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.53 by $0.06. The firm had revenue of $169.83 million during the quarter, compared to analyst estimates of $164.60 million. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. Perdoceo Education's revenue was down 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.64 EPS. As a group, equities analysts forecast that Perdoceo Education Co. will post 2.27 EPS for the current fiscal year.
Perdoceo Education Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.52 annualized dividend and a dividend yield of 1.97%. Perdoceo Education's dividend payout ratio is presently 26.13%.
Insider Buying and Selling
In related news, SVP John Robert Kline sold 30,574 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $26.47, for a total transaction of $809,293.78. Following the completion of the sale, the senior vice president now directly owns 130,405 shares of the company's stock, valued at $3,451,820.35. This trade represents a 18.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michele A. Peppers sold 6,476 shares of the 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 completion of the transaction, the insider now owns 61,952 shares of the company's stock, valued at $1,300,992. The trade was a 9.46 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.81% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. StockNews.com raised shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Thursday, November 14th. Barrington Research lifted their price target on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th.
Read Our Latest Stock Analysis on PRDO
About Perdoceo Education
(
Free Report)
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.
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