Barclays PLC Grows Stock Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Barclays PLC boosted its holdings in Perdoceo Education Co. (NASDAQ:PRDO) by 353.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 110,622 shares of the company’s stock after buying an additional 86,227 shares during the period. Barclays PLC owned 0.17% of Perdoceo Education worth $2,460,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in shares of Perdoceo Education by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,069,173 shares of the company’s stock worth $108,580,000 after purchasing an additional 28,909 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Perdoceo Education by 2.5% during the second quarter. Renaissance Technologies LLC now owns 4,505,687 shares of the company’s stock valued at $96,512,000 after buying an additional 107,918 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Perdoceo Education by 24.3% during the second quarter. Pacer Advisors Inc. now owns 2,650,123 shares of the company’s stock valued at $56,766,000 after buying an additional 518,048 shares during the last quarter. LSV Asset Management boosted its position in shares of Perdoceo Education by 3.9% during the second quarter. LSV Asset Management now owns 2,010,254 shares of the company’s stock worth $43,060,000 after acquiring an additional 75,293 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Perdoceo Education by 7.9% during the second quarter. American Century Companies Inc. now owns 1,384,674 shares of the company’s stock valued at $29,660,000 after acquiring an additional 101,575 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education 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 transaction of $809,293.78. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick W. Gross sold 3,400 shares of the company’s 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 transaction, the director now directly owns 69,635 shares in the company, valued at approximately $1,862,039.90. This represents a 4.66 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PRDO. Barrington Research boosted their price target on shares of Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 8th.

Perdoceo Education Stock Up 1.8 %

PRDO stock opened at $26.59 on Thursday. Perdoceo Education Co. has a 52 week low of $16.12 and a 52 week high of $29.47. The firm has a market capitalization of $1.75 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 0.81 and a beta of 1.07. The company has a fifty day simple moving average of $25.33 and a two-hundred day simple moving average of $23.22.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.06. The company had revenue of $169.83 million for the quarter, compared to analysts’ expectations of $164.60 million. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. 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 firm posted $0.64 earnings per share. As a group, analysts anticipate that Perdoceo Education Co. will post 2.27 EPS for the current year.

Perdoceo Education Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a $0.13 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 1.96%. Perdoceo Education’s dividend payout ratio is presently 26.13%.

Perdoceo Education 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.