UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.97 Million Position in Perdoceo Education Co. (NASDAQ:PRDO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Perdoceo Education Co. (NASDAQ:PRDO) by 6.9% in the 3rd quarter, according to the company in its most recent 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 about 0.41% of Perdoceo Education worth $5,973,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC boosted its holdings in shares of Perdoceo Education by 220.8% in the 3rd quarter. Intech Investment Management LLC now owns 56,839 shares of the company’s stock worth $1,264,000 after buying an additional 39,121 shares during the last quarter. Jennison Associates LLC increased its position in shares of Perdoceo Education by 23.8% during the third quarter. Jennison Associates LLC now owns 53,170 shares of the company’s stock valued at $1,183,000 after buying an additional 10,231 shares during the period. Banque Cantonale Vaudoise increased its position in shares of Perdoceo Education by 59.7% during the third quarter. Banque Cantonale Vaudoise now owns 10,606 shares of the company’s stock valued at $236,000 after buying an additional 3,966 shares during the period. Quest Partners LLC grew its holdings in shares of Perdoceo Education by 1,107.5% during the third quarter. Quest Partners LLC now owns 22,012 shares of the company’s stock worth $490,000 after purchasing an additional 20,189 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Perdoceo Education by 1.2% during the third quarter. Empowered Funds LLC now owns 485,552 shares of the company’s stock worth $10,799,000 after purchasing an additional 5,571 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Barrington Research increased their price objective on Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th.

Perdoceo Education Price Performance

Shares of NASDAQ:PRDO opened at $27.53 on Wednesday. Perdoceo Education Co. has a 1-year low of $16.12 and a 1-year high of $29.47. The business has a fifty day moving average price of $23.96 and a 200-day moving average price of $22.86. The company has a market capitalization of $1.81 billion, a PE ratio of 13.50, a PEG ratio of 0.79 and a beta of 1.07.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.53 by $0.06. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The company had revenue of $169.83 million for the quarter, compared to analysts’ expectations of $164.60 million. During the same period last year, the firm posted $0.64 earnings per share. Perdoceo Education’s revenue was down 5.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Perdoceo Education Co. will post 2.27 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.52 annualized dividend and a dividend yield of 1.89%. Perdoceo Education’s dividend payout ratio (DPR) is presently 26.13%.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, Director Patrick W. Gross sold 3,400 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $26.74, for a total value of $90,916.00. Following the transaction, the director now directly owns 69,635 shares of the company’s stock, valued at approximately $1,862,039.90. This trade represents a 4.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP John Robert Kline sold 30,574 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $26.47, for a total value of $809,293.78. Following the completion of the transaction, the senior vice president now directly owns 130,405 shares in the company, valued at $3,451,820.35. The trade was a 18.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.81% of the stock is currently owned by insiders.

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.