UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 19,809 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 6.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 268,554 shares of the company's stock after selling 19,809 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.41% of Perdoceo Education worth $5,973,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Quarry LP grew its holdings 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 period. Blue Trust Inc. grew its stake in Perdoceo Education by 38.7% during the third quarter. Blue Trust Inc. now owns 1,762 shares of the company's stock worth $38,000 after purchasing an additional 492 shares during the period. Quest Partners LLC bought a new stake in Perdoceo Education in the second quarter worth approximately $39,000. Fifth Third Bancorp lifted its stake in Perdoceo Education by 650.6% in the second quarter. Fifth Third Bancorp now owns 1,884 shares of the company's stock valued at $40,000 after buying an additional 1,633 shares during the period. Finally, Innealta Capital LLC bought a new position in shares of Perdoceo Education during the 2nd quarter worth approximately $74,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Barrington Research lifted their price objective on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. StockNews.com raised shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Sunday.

Perdoceo Education Stock Performance

Shares of Perdoceo Education stock traded up $0.09 during trading hours on Wednesday, reaching $27.62. The company's stock had a trading volume of 426,102 shares, compared to its average volume of 460,933. The company has a market capitalization of $1.82 billion, a P/E ratio of 13.83, a P/E/G ratio of 0.79 and a beta of 1.07. The stock's fifty day simple moving average is $24.08 and its two-hundred day simple moving average is $22.89. Perdoceo Education Co. has a one year low of $16.12 and a one year high of $29.47.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.06. The business had revenue of $169.83 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 EPS. As a group, research analysts forecast that Perdoceo Education Co. will post 2.27 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Monday, December 2nd. Perdoceo Education's dividend payout ratio (DPR) is presently 26.13%.

Insiders Place Their Bets

In other news, SVP John Robert Kline sold 30,574 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $26.47, for a total value of $809,293.78. Following the transaction, the senior vice president now owns 130,405 shares in the company, valued at $3,451,820.35. The trade was a 18.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick W. Gross sold 3,400 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $26.74, for a total value of $90,916.00. Following the sale, the director now directly owns 69,635 shares of the company's stock, valued at $1,862,039.90. The trade was a 4.66 % 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.

About Perdoceo Education

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.