Perdoceo Education Co. (NASDAQ:PRDO) Shares Acquired by Swiss National Bank

Swiss National Bank increased its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 122,700 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Swiss National Bank owned 0.19% of Perdoceo Education worth $3,248,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wellington Management Group LLP acquired a new position in shares of Perdoceo Education during the third quarter valued at approximately $9,374,000. Geode Capital Management LLC raised its stake 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 purchasing an additional 33,092 shares during the last quarter. Barclays PLC lifted its holdings in 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 in the last quarter. Franklin Resources Inc. boosted its stake in Perdoceo Education by 9.6% during the 3rd quarter. Franklin Resources Inc. now owns 278,091 shares of the company’s stock worth $5,954,000 after purchasing an additional 24,434 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Perdoceo Education by 3.0% during the third quarter. JPMorgan Chase & Co. now owns 582,180 shares of the company’s stock worth $12,948,000 after buying an additional 16,720 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Perdoceo Education

In related news, CEO Todd S. Nelson sold 12,472 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 615,697 shares of the company’s stock, valued at approximately $16,186,674.13. This trade represents a 1.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ashish R. Ghia sold 6,236 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $25.00, for a total value of $155,900.00. Following the completion of the sale, the chief financial officer now directly owns 252,130 shares in the company, valued at approximately $6,303,250. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 87,658 shares of company stock worth $2,188,914 over the last quarter. 1.81% of the stock is currently owned by company insiders.

Perdoceo Education Stock Up 0.2 %

Shares of PRDO opened at $25.25 on Thursday. Perdoceo Education Co. has a 52-week low of $16.56 and a 52-week high of $29.84. 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 stock has a fifty day simple moving average of $26.76 and a two-hundred day simple moving average of $25.21. The company has a market capitalization of $1.66 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 0.75 and a beta of 1.04.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm 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, equities analysts forecast that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were given a $0.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 2.06%. Perdoceo Education’s payout ratio is 23.64%.

Analyst Ratings Changes

A number of research firms recently weighed in on PRDO. StockNews.com upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Barrington Research boosted their target price on Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th.

Perdoceo Education Company 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.