Arrowstreet Capital Limited Partnership Has $20.69 Million Stock Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Arrowstreet Capital Limited Partnership reduced its holdings in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 26.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 781,525 shares of the company's stock after selling 278,694 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.19% of Perdoceo Education worth $20,687,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PRDO. Wellington Management Group LLP bought a new position in Perdoceo Education in the 3rd quarter valued at $9,374,000. Boston Partners raised its holdings in shares of Perdoceo Education by 41.1% in the fourth quarter. Boston Partners now owns 1,209,899 shares of the company's stock valued at $32,379,000 after buying an additional 352,470 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Perdoceo Education by 27.5% during the 4th quarter. JPMorgan Chase & Co. now owns 742,342 shares of the company's stock worth $19,650,000 after buying an additional 160,162 shares in the last quarter. Kennondale Capital Management LLC bought a new stake in Perdoceo Education during the 4th quarter worth about $2,558,000. Finally, Barclays PLC grew its holdings in Perdoceo Education by 353.5% during the 3rd quarter. Barclays PLC now owns 110,622 shares of the company's stock worth $2,460,000 after acquiring an additional 86,227 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors.

Perdoceo Education Trading Down 1.3 %

PRDO stock traded down $0.32 during midday trading on Tuesday, reaching $24.98. The stock had a trading volume of 659,474 shares, compared to its average volume of 480,184. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 0.75 and a beta of 0.87. Perdoceo Education Co. has a twelve month low of $16.56 and a twelve month high of $29.84. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $26.28 and a two-hundred day simple moving average of $25.47.

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

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were given a $0.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 2.08%. Perdoceo Education's dividend payout ratio is currently 23.64%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PRDO. StockNews.com upgraded shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Barrington Research upped their price objective on Perdoceo Education from $32.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th.

Insider Transactions at Perdoceo Education

In other Perdoceo Education news, SVP Elise Baskel sold 17,818 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $24.16, for a total value of $430,482.88. Following the sale, the senior vice president now directly owns 93,354 shares in the company, valued at approximately $2,255,432.64. This trade represents a 16.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Ashish R. Ghia sold 35,677 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $25.83, for a total transaction of $921,536.91. Following the completion of the transaction, the chief financial officer now directly owns 204,477 shares of the company's stock, valued at $5,281,640.91. This trade represents a 14.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,691 shares of company stock worth $2,774,669 in the last three months. 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.