Charles Schwab Investment Management Inc. Grows Position in Perdoceo Education Co. (NASDAQ:PRDO)

Charles Schwab Investment Management Inc. boosted its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 950,573 shares of the company’s stock after purchasing an additional 5,748 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.45% of Perdoceo Education worth $25,162,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its holdings in shares of Perdoceo Education by 71.3% in the 3rd quarter. Victory Capital Management Inc. now owns 73,819 shares of the company’s stock valued at $1,642,000 after acquiring an additional 30,725 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Perdoceo Education in the 3rd quarter valued at $9,374,000. Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 33,092 shares during the period. Quest Partners LLC lifted its stake in shares of Perdoceo Education by 1,107.5% in the 3rd quarter. Quest Partners LLC now owns 22,012 shares of the company’s stock valued at $490,000 after purchasing an additional 20,189 shares during the period. Finally, Barclays PLC lifted its stake 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 purchasing an additional 86,227 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PRDO shares. Barrington Research boosted their target price on shares of 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 upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 11th.

Perdoceo Education Stock Performance

NASDAQ:PRDO opened at $24.28 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. The company has a fifty day moving average of $26.94 and a two-hundred day moving average of $25.10. The stock has a market capitalization of $1.60 billion, a PE ratio of 11.04, a P/E/G ratio of 0.75 and a beta of 1.04. Perdoceo Education Co. has a fifty-two week low of $16.56 and a fifty-two week high of $29.84.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $176.43 million during the quarter, compared to analysts’ expectations 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 forecast that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Friday, February 28th. Perdoceo Education’s dividend payout ratio is presently 23.64%.

Insiders Place Their Bets

In other news, SVP John Robert Kline sold 12,148 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $25.79, for a total value of $313,296.92. Following the completion of the sale, the senior vice president now directly owns 130,405 shares in the company, valued at $3,363,144.95. This represents a 8.52 % 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, CEO Todd S. Nelson sold 12,472 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total transaction of $327,888.88. Following the completion of the sale, the chief executive officer now owns 615,697 shares of the company’s stock, valued at $16,186,674.13. This trade represents a 1.99 % 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 company insiders.

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.