Rhumbline Advisers Has $5.09 Million Stake in Perdoceo Education Co. (NASDAQ:PRDO)

Rhumbline Advisers lowered its stake in Perdoceo Education Co. (NASDAQ:PRDO) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 192,322 shares of the company’s stock after selling 1,226 shares during the quarter. Rhumbline Advisers owned about 0.29% of Perdoceo Education worth $5,091,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PRDO. Victory Capital Management Inc. increased its stake in shares of Perdoceo Education by 71.3% during the 3rd quarter. Victory Capital Management Inc. now owns 73,819 shares of the company’s stock worth $1,642,000 after purchasing an additional 30,725 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Perdoceo Education during the 3rd quarter valued at $9,374,000. Geode Capital Management LLC increased its position in Perdoceo Education by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,803,391 shares of the company’s stock valued at $40,114,000 after acquiring an additional 33,092 shares during the period. Quest Partners LLC raised its position 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 acquiring an additional 20,189 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Perdoceo Education by 353.5% in the third 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. 93.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, CEO Todd S. Nelson sold 12,472 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total value of $327,888.88. Following the completion of the transaction, the chief executive officer now owns 615,697 shares in the company, valued at approximately $16,186,674.13. This represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP John Robert Kline sold 12,148 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $25.79, for a total value of $313,296.92. Following the sale, the senior vice president now owns 130,405 shares of the company’s stock, valued at $3,363,144.95. The trade was a 8.52 % 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.

Perdoceo Education Stock Performance

Perdoceo Education stock opened at $25.27 on Friday. Perdoceo Education Co. has a twelve month low of $16.56 and a twelve month high of $29.84. The company has a market capitalization of $1.67 billion, a P/E ratio of 11.49, a PEG ratio of 0.75 and a beta of 1.06. The stock’s 50 day moving average is $27.25 and its 200 day moving average is $24.85. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01.

Perdoceo Education (NASDAQ:PRDO) 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. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The company had revenue of $176.43 million for the quarter, compared to analysts’ expectations of $160.12 million. On average, equities research analysts predict that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, February 28th. Perdoceo Education’s dividend payout ratio is presently 23.64%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PRDO. Barrington Research raised their target price on Perdoceo Education from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 11th.

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.