Mutual of America Capital Management LLC Lowers Stock Position in Perdoceo Education Co. (NASDAQ:PRDO)

Mutual of America Capital Management LLC lessened its holdings in Perdoceo Education Co. (NASDAQ:PRDO) by 13.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,285 shares of the company’s stock after selling 1,498 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Perdoceo Education were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Quarry LP boosted its stake in shares of 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 in the last quarter. Blue Trust Inc. boosted its stake in shares of Perdoceo Education by 38.7% during the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock worth $38,000 after acquiring an additional 492 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Perdoceo Education during the 2nd quarter worth approximately $39,000. Fifth Third Bancorp boosted its stake in shares of Perdoceo Education by 650.6% during the 2nd quarter. Fifth Third Bancorp now owns 1,884 shares of the company’s stock worth $40,000 after acquiring an additional 1,633 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Perdoceo Education during the 2nd quarter worth approximately $74,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling at Perdoceo Education

In other news, Director Patrick W. Gross sold 3,400 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $26.74, for a total transaction of $90,916.00. Following the completion of the sale, the director now directly owns 69,635 shares of the company’s stock, valued at $1,862,039.90. The trade was a 4.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michele A. Peppers sold 6,476 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total transaction of $135,996.00. Following the sale, the insider now directly owns 61,952 shares of the company’s stock, valued at $1,300,992. This represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 40,450 shares of company stock worth $1,036,206. Insiders own 1.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. StockNews.com lowered Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 22nd. Barrington Research lifted their price objective on Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th.

Perdoceo Education Stock Performance

Shares of PRDO opened at $27.45 on Friday. The stock has a fifty day moving average of $23.34 and a two-hundred day moving average of $22.71. The company has a market capitalization of $1.80 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 0.81 and a beta of 1.04. Perdoceo Education Co. has a fifty-two week low of $16.12 and a fifty-two week high of $29.47.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.06. The company had revenue of $169.83 million during the quarter, compared to the consensus estimate of $164.60 million. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. Perdoceo Education’s revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 EPS. As a group, equities research analysts forecast that Perdoceo Education Co. will post 2.27 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a $0.13 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.52 annualized dividend and a yield of 1.89%. Perdoceo Education’s dividend payout ratio (DPR) is presently 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.