Perdoceo Education Co. (NASDAQ:PRDO) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in Perdoceo Education Co. (NASDAQ:PRDO) by 71.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,819 shares of the company’s stock after acquiring an additional 30,725 shares during the period. Victory Capital Management Inc. owned about 0.11% of Perdoceo Education worth $1,642,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Quarry LP lifted its position in Perdoceo Education by 1,306.3% during the 2nd quarter. Quarry LP now owns 1,350 shares of the company’s stock worth $29,000 after acquiring an additional 1,254 shares during the period. Blue Trust Inc. lifted its stake in shares of Perdoceo Education by 38.7% in the third quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock valued at $38,000 after purchasing an additional 492 shares during the period. Quest Partners LLC acquired a new stake in shares of Perdoceo Education during the 2nd quarter valued at approximately $39,000. Fifth Third Bancorp boosted its position in Perdoceo Education by 650.6% during the second quarter. Fifth Third Bancorp now owns 1,884 shares of the company’s stock worth $40,000 after purchasing an additional 1,633 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Perdoceo Education in the 2nd quarter worth about $74,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PRDO shares. StockNews.com cut Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Friday. Barrington Research boosted their price target on Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th.

Insider Activity at Perdoceo Education

In other news, Director Patrick W. Gross sold 3,400 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $26.74, for a total transaction of $90,916.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Robert Kline sold 30,574 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $26.47, for a total transaction of $809,293.78. Following the transaction, the senior vice president now directly owns 130,405 shares of the company’s stock, valued at approximately $3,451,820.35. This trade represents a 18.99 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,450 shares of company stock valued at $1,036,206. Corporate insiders own 1.81% of the company’s stock.

Perdoceo Education Stock Performance

NASDAQ PRDO opened at $27.72 on Tuesday. Perdoceo Education Co. has a one year low of $16.12 and a one year high of $29.47. The company’s 50 day moving average price is $22.90 and its 200 day moving average price is $22.59. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 0.80 and a beta of 1.04.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The firm had revenue of $169.83 million during the quarter, compared to analysts’ expectations of $164.60 million. During the same quarter in the prior year, the business earned $0.64 EPS. Perdoceo Education’s quarterly revenue was down 5.6% compared to the same quarter last year. Sell-side analysts forecast that Perdoceo Education Co. will post 2.27 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a $0.13 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 1.88%. Perdoceo Education’s dividend payout ratio (DPR) is 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.