Robeco Institutional Asset Management B.V. Has $3.63 Million Stock Position in Perdoceo Education Co. (NASDAQ:PRDO)

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 137,255 shares of the company's stock after selling 32,213 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.21% of Perdoceo Education worth $3,633,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PRDO. Quarry LP boosted its position in shares of Perdoceo Education by 1,306.3% during the second quarter. Quarry LP now owns 1,350 shares of the company's stock worth $29,000 after buying an additional 1,254 shares during the period. Blue Trust Inc. lifted its stake in Perdoceo Education by 38.7% in the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company's stock valued at $38,000 after acquiring an additional 492 shares in the last quarter. R Squared Ltd acquired a new position in Perdoceo Education during the 4th quarter worth approximately $60,000. KBC Group NV grew its stake in shares of Perdoceo Education by 47.5% during 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 in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of Perdoceo Education in the third quarter valued at approximately $114,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Patrick W. Gross sold 3,400 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $26.74, for a total transaction of $90,916.00. Following the completion of the sale, the director now owns 69,635 shares in the company, valued at approximately $1,862,039.90. This trade represents a 4.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP John Robert Kline sold 12,148 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $25.79, for a total transaction of $313,296.92. Following the completion of the transaction, the senior vice president now owns 130,405 shares in the company, valued at approximately $3,363,144.95. This trade represents a 8.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,594 shares of company stock worth $1,541,396. Company insiders own 1.81% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Barrington Research increased their target price on shares of Perdoceo Education from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. StockNews.com upgraded shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, January 29th.

Perdoceo Education Trading Down 2.8 %

Shares of NASDAQ:PRDO traded down $0.83 during trading on Thursday, hitting $28.32. 458,501 shares of the company were exchanged, compared to its average volume of 379,767. Perdoceo Education Co. has a fifty-two week low of $16.12 and a fifty-two week high of $29.47. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 0.81 and a beta of 1.06. The firm has a fifty day moving average price of $27.21 and a two-hundred day moving average price of $24.45.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.06. The business had revenue of $169.83 million for the quarter, compared to the consensus estimate of $164.60 million. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. The firm's revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 earnings per share. As a group, research analysts predict that Perdoceo Education Co. will post 2.27 EPS for the current year.

Perdoceo Education Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Saturday, March 1st will be paid a $0.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.84%. Perdoceo Education's dividend payout ratio (DPR) is currently 26.13%.

Perdoceo Education Company 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.