Public Sector Pension Investment Board Has $2.91 Million Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Public Sector Pension Investment Board trimmed its position in Perdoceo Education Co. (NASDAQ:PRDO) by 9.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,988 shares of the company’s stock after selling 13,400 shares during the quarter. Public Sector Pension Investment Board owned 0.20% of Perdoceo Education worth $2,913,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP lifted its holdings 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 during the period. Blue Trust Inc. raised its position in Perdoceo Education by 38.7% in the third quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock worth $38,000 after purchasing an additional 492 shares in the last quarter. Quest Partners LLC bought a new position in Perdoceo Education during the second quarter worth about $39,000. Fifth Third Bancorp boosted its holdings in Perdoceo Education by 650.6% during the second quarter. Fifth Third Bancorp now owns 1,884 shares of the company’s stock valued at $40,000 after purchasing an additional 1,633 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Perdoceo Education in the 2nd quarter valued at approximately $74,000. 93.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on PRDO. Barrington Research raised their target price on Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. StockNews.com cut Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Saturday.

Perdoceo Education Trading Down 1.7 %

Shares of Perdoceo Education stock opened at $27.34 on Wednesday. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 0.82 and a beta of 1.07. The firm’s 50-day moving average price is $23.56 and its two-hundred day moving average price is $22.75. Perdoceo Education Co. has a 1-year low of $16.12 and a 1-year high of $29.47.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 EPS 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 business had revenue of $169.83 million for the quarter, compared to analyst estimates of $164.60 million. During the same period in the prior year, the company earned $0.64 EPS. Perdoceo Education’s revenue for the quarter was down 5.6% on a year-over-year basis. As a group, equities research analysts predict that Perdoceo Education Co. will post 2.27 EPS for the current year.

Perdoceo Education Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a dividend of $0.13 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.52 annualized dividend and a yield of 1.90%. Perdoceo Education’s dividend payout ratio (DPR) is 26.13%.

Insiders Place Their Bets

In other Perdoceo Education news, Director Patrick W. Gross sold 3,400 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $26.74, for a total value of $90,916.00. Following the transaction, the director now directly owns 69,635 shares in the company, valued at approximately $1,862,039.90. This trade represents a 4.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Robert Kline sold 30,574 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $26.47, for a total value of $809,293.78. Following the sale, the senior vice president now owns 130,405 shares of the company’s stock, valued at approximately $3,451,820.35. The trade was a 18.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,450 shares of company stock valued at $1,036,206 in the last 90 days. 1.81% of the stock is currently owned by 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.