Blue Trust Inc. Boosts Stake in Perdoceo Education Co. (NASDAQ:PRDO)

Blue Trust Inc. grew its stake in Perdoceo Education Co. (NASDAQ:PRDO) by 38.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,762 shares of the company’s stock after buying an additional 492 shares during the period. Blue Trust Inc.’s holdings in Perdoceo Education were worth $38,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Perdoceo Education by 0.8% in the first quarter. Vanguard Group Inc. now owns 5,896,257 shares of the company’s stock worth $103,538,000 after acquiring an additional 45,259 shares during the period. Manning & Napier Advisors LLC acquired a new stake in shares of Perdoceo Education in the second quarter worth $2,570,000. LSV Asset Management increased its stake in shares of Perdoceo Education by 59.4% in the first quarter. LSV Asset Management now owns 1,934,961 shares of the company’s stock worth $33,978,000 after acquiring an additional 721,122 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Perdoceo Education in the second quarter worth $954,000. Finally, Inspire Investing LLC acquired a new stake in shares of Perdoceo Education in the first quarter worth $873,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other news, insider Michele A. Peppers sold 6,476 shares of Perdoceo Education stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total value of $135,996.00. Following the completion of the sale, the insider now directly owns 61,952 shares of the company’s stock, valued at approximately $1,300,992. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Michele A. Peppers sold 6,476 shares of Perdoceo Education stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total value of $135,996.00. Following the completion of the sale, the insider now directly owns 61,952 shares of the company’s stock, valued at approximately $1,300,992. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Gregory L. Jackson sold 26,664 shares of Perdoceo Education stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $22.70, for a total value of $605,272.80. Following the completion of the sale, the chairman now directly owns 58,644 shares of the company’s stock, valued at $1,331,218.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,325 shares of company stock valued at $1,044,656 over the last quarter. 1.81% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Barrington Research restated an “outperform” rating and set a $30.00 price target on shares of Perdoceo Education in a research report on Friday, September 20th.

Perdoceo Education Stock Down 1.4 %

Shares of NASDAQ PRDO opened at $22.03 on Friday. The company’s 50-day simple moving average is $21.71 and its 200-day simple moving average is $21.92. Perdoceo Education Co. has a 52-week low of $16.12 and a 52-week high of $26.40. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 0.68 and a beta of 1.04.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $166.74 million for the quarter, compared to the consensus estimate of $160.91 million. Perdoceo Education had a return on equity of 16.42% and a net margin of 20.57%. The firm’s revenue was down 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 earnings per share. Equities research analysts anticipate that Perdoceo Education Co. will post 2.19 EPS for the current fiscal year.

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.