Wellington Management Group LLP increased its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 63.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 686,873 shares of the company's stock after purchasing an additional 265,401 shares during the period. Wellington Management Group LLP owned 1.05% of Perdoceo Education worth $18,182,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Boston Partners lifted its position in shares of Perdoceo Education by 41.1% during the fourth quarter. Boston Partners now owns 1,209,899 shares of the company's stock worth $32,379,000 after purchasing an additional 352,470 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Perdoceo Education by 27.5% during the fourth quarter. JPMorgan Chase & Co. now owns 742,342 shares of the company's stock worth $19,650,000 after purchasing an additional 160,162 shares during the last quarter. Kennondale Capital Management LLC bought a new position in shares of Perdoceo Education in the 4th quarter worth about $2,558,000. Barclays PLC boosted its holdings in shares of Perdoceo Education by 353.5% in the 3rd quarter. Barclays PLC now owns 110,622 shares of the company's stock valued at $2,460,000 after buying an additional 86,227 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Perdoceo Education by 5.1% during the 4th quarter. American Century Companies Inc. now owns 1,627,190 shares of the company's stock valued at $43,072,000 after buying an additional 79,686 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.
Insider Buying and Selling
In other Perdoceo Education news, SVP Elise Baskel sold 17,818 shares of Perdoceo Education stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $24.16, for a total transaction of $430,482.88. Following the transaction, the senior vice president now owns 93,354 shares of the company's stock, valued at $2,255,432.64. The trade was a 16.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Ashish R. Ghia sold 35,677 shares of the company's stock in a transaction that occurred 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 owns 204,477 shares in the company, valued at approximately $5,281,640.91. This represents a 14.86 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,691 shares of company stock valued at $2,774,669. Company insiders own 1.81% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on PRDO. Barrington Research increased their price target on Perdoceo Education from $32.00 to $35.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. StockNews.com upgraded shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 11th.
Check Out Our Latest Report on Perdoceo Education
Perdoceo Education Price Performance
NASDAQ PRDO traded down $0.10 on Monday, reaching $25.72. 31,118 shares of the stock traded hands, compared to its average volume of 479,556. 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 company has a market cap of $1.70 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 0.75 and a beta of 0.87. The firm's fifty day simple moving average is $26.06 and its 200 day simple moving average is $25.58. Perdoceo Education Co. has a 12 month low of $16.56 and a 12 month high of $29.84.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The business had revenue of $176.43 million for the quarter, compared to the consensus estimate of $160.12 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. As a group, research analysts predict that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.
Perdoceo Education Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were issued a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.02%. Perdoceo Education's dividend payout ratio is currently 23.64%.
About Perdoceo Education
(
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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