Equitable Trust Co. Sells 2,337 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Equitable Trust Co. decreased its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 17.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,162 shares of the company’s stock after selling 2,337 shares during the period. Equitable Trust Co.’s holdings in Perdoceo Education were worth $295,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. boosted its holdings in shares of Perdoceo Education by 38.7% during the third quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock worth $38,000 after acquiring an additional 492 shares during the period. R Squared Ltd acquired a new stake in Perdoceo Education during the 4th quarter worth approximately $60,000. KBC Group NV boosted its stake in Perdoceo Education by 47.5% in the 4th quarter. KBC Group NV now owns 3,696 shares of the company’s stock valued at $98,000 after purchasing an additional 1,190 shares during the period. Point72 DIFC Ltd acquired a new position in Perdoceo Education in the 3rd quarter valued at $114,000. Finally, Point72 Asset Management L.P. bought a new position in Perdoceo Education during the 3rd quarter worth $133,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Activity

In other news, SVP John Robert Kline sold 12,148 shares of Perdoceo Education stock in a transaction on Monday, January 6th. The stock was sold at an average price of $25.79, for a total value of $313,296.92. Following the transaction, the senior vice president now owns 130,405 shares in the company, valued at approximately $3,363,144.95. This trade represents a 8.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Patrick W. Gross sold 3,400 shares of the company’s 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 sale, the director now owns 69,635 shares of the company’s stock, valued at approximately $1,862,039.90. This represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,594 shares of company stock worth $1,541,396. 1.81% of the stock is currently owned by corporate insiders.

Perdoceo Education Price Performance

Perdoceo Education stock opened at $28.39 on Wednesday. The firm has a market cap of $1.87 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 0.80 and a beta of 1.06. The stock’s fifty day moving average price is $27.26 and its two-hundred day moving average price is $24.55. Perdoceo Education Co. has a one year low of $16.12 and a one year high of $29.47.

Perdoceo Education (NASDAQ:PRDO) last issued 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. The company had revenue of $169.83 million for the quarter, compared to analysts’ expectations 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 quarter last year, the business earned $0.64 earnings per share. Sell-side analysts expect that Perdoceo Education Co. will post 2.27 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.83%. The ex-dividend date is Friday, February 28th. Perdoceo Education’s dividend payout ratio is currently 26.13%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barrington Research reissued an “outperform” rating and issued a $32.00 target price on shares of Perdoceo Education in a research report on Friday, February 7th. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

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.