Principal Financial Group Inc. boosted its stake in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 318,963 shares of the company's stock after acquiring an additional 10,680 shares during the quarter. Principal Financial Group Inc. owned about 0.49% of Perdoceo Education worth $8,443,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in Perdoceo Education by 38.7% in the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company's stock worth $38,000 after acquiring an additional 492 shares during the period. R Squared Ltd purchased a new position in Perdoceo Education in the 4th quarter worth approximately $60,000. KBC Group NV boosted its holdings in Perdoceo Education by 47.5% in the 4th quarter. KBC Group NV now owns 3,696 shares of the company's stock worth $98,000 after acquiring an additional 1,190 shares during the period. Point72 DIFC Ltd purchased a new position in Perdoceo Education in the 3rd quarter worth approximately $114,000. Finally, Point72 Asset Management L.P. purchased a new position in Perdoceo Education in the 3rd quarter worth approximately $133,000. Hedge funds and other institutional investors own 93.46% of the company's stock.
Insiders Place Their Bets
In other Perdoceo Education news, SVP John Robert Kline sold 12,148 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $25.79, for a total value of $313,296.92. Following the sale, the senior vice president now directly owns 130,405 shares of the company's stock, valued at $3,363,144.95. This trade represents a 8.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Todd S. Nelson sold 12,472 shares of the stock in a transaction on Thursday, January 2nd. The stock was 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 directly owns 615,697 shares in the company, valued at $16,186,674.13. This represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.81% of the stock is owned by corporate insiders.
Perdoceo Education Stock Down 0.5 %
Shares of PRDO traded down $0.14 during trading on Wednesday, reaching $25.66. The company's stock had a trading volume of 794,020 shares, compared to its average volume of 460,615. The company has a fifty day moving average of $27.20 and a two-hundred day moving average of $24.95. Perdoceo Education Co. has a twelve month low of $16.56 and a twelve month high of $29.84. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 11.66, a P/E/G ratio of 0.75 and a beta of 1.04. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $176.43 million for 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, sell-side analysts predict that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.
Perdoceo Education Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Friday, February 28th. Perdoceo Education's dividend payout ratio is presently 23.64%.
Analyst Ratings Changes
PRDO has been the topic of a number of recent analyst reports. StockNews.com raised Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Barrington Research upped their target price on Perdoceo Education from $32.00 to $35.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th.
Check Out Our Latest Stock Report on PRDO
Perdoceo Education Profile
(
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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