Skandinaviska Enskilda Banken AB publ Trims Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Skandinaviska Enskilda Banken AB publ lessened its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 53.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,300 shares of the company's stock after selling 31,300 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Perdoceo Education were worth $716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its stake in shares of Perdoceo Education by 71.3% during the 3rd quarter. Victory Capital Management Inc. now owns 73,819 shares of the company's stock valued at $1,642,000 after buying an additional 30,725 shares during the last quarter. Wellington Management Group LLP acquired a new position in Perdoceo Education in the third quarter valued at approximately $9,374,000. Geode Capital Management LLC lifted its holdings in Perdoceo Education by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,803,391 shares of the company's stock valued at $40,114,000 after acquiring an additional 33,092 shares during the period. Quest Partners LLC grew its stake in shares of Perdoceo Education by 1,107.5% during the 3rd quarter. Quest Partners LLC now owns 22,012 shares of the company's stock worth $490,000 after purchasing an additional 20,189 shares during the period. Finally, Barclays PLC increased its holdings in shares of Perdoceo Education by 353.5% during the 3rd quarter. Barclays PLC now owns 110,622 shares of the company's stock valued at $2,460,000 after purchasing an additional 86,227 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PRDO shares. StockNews.com raised shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Barrington Research lifted their price target on Perdoceo Education from $32.00 to $35.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th.

Insider Transactions at Perdoceo Education

In related news, CEO Todd S. Nelson sold 12,472 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total value of $327,888.88. Following the completion of the sale, the chief executive officer now owns 615,697 shares of the company's stock, valued at approximately $16,186,674.13. This represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP John Robert Kline sold 12,148 shares of Perdoceo Education stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $25.79, for a total transaction of $313,296.92. Following the transaction, the senior vice president now directly owns 130,405 shares in the company, valued at $3,363,144.95. This trade represents a 8.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.81% of the company's stock.

Perdoceo Education Price Performance

NASDAQ:PRDO traded up $0.10 during trading hours on Friday, hitting $24.58. 3,709,897 shares of the stock were exchanged, compared to its average volume of 445,621. The company has a market cap of $1.62 billion, a P/E ratio of 11.17, a P/E/G ratio of 0.75 and a beta of 1.04. The firm's fifty day moving average price is $26.87 and its 200 day moving average price is $25.09. Perdoceo Education Co. has a 52-week low of $16.56 and a 52-week high of $29.84. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01.

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

Perdoceo Education Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Friday, February 28th. Perdoceo Education's dividend payout ratio (DPR) is 23.64%.

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.