Martingale Asset Management L P Decreases Stock Position in Perdoceo Education Co. (NASDAQ:PRDO)

Martingale Asset Management L P trimmed its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 20.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,405 shares of the company’s stock after selling 27,910 shares during the quarter. Martingale Asset Management L P’s holdings in Perdoceo Education were worth $2,478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Boston Partners grew its holdings in Perdoceo Education by 979.2% during the 1st quarter. Boston Partners now owns 750,979 shares of the company’s stock valued at $13,376,000 after purchasing an additional 681,391 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Perdoceo Education by 24.3% during the second quarter. Pacer Advisors Inc. now owns 2,650,123 shares of the company’s stock valued at $56,766,000 after buying an additional 518,048 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Perdoceo Education by 944.8% in the second quarter. Millennium Management LLC now owns 246,659 shares of the company’s stock worth $5,283,000 after buying an additional 223,050 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Perdoceo Education during the 2nd quarter worth approximately $3,634,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Perdoceo Education during the 2nd quarter valued at $2,519,000. Institutional investors own 93.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on PRDO shares. StockNews.com downgraded Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Barrington Research boosted their price objective on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th.

Insider Buying and Selling

In other Perdoceo Education news, SVP John Robert Kline sold 30,574 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $26.47, for a total transaction of $809,293.78. Following the completion of the sale, the senior vice president now directly owns 130,405 shares of the company’s stock, valued at approximately $3,451,820.35. This represents a 18.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Patrick W. Gross sold 3,400 shares of the firm’s stock in a transaction dated 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 owns 69,635 shares in the company, valued at $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. Insiders sold 40,450 shares of company stock valued at $1,036,206 over the last 90 days. Corporate insiders own 1.81% of the company’s stock.

Perdoceo Education Stock Down 0.7 %

Shares of NASDAQ PRDO opened at $27.45 on Friday. Perdoceo Education Co. has a twelve month low of $16.12 and a twelve month high of $29.47. The firm has a market cap 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. The business has a fifty day simple moving average of $23.34 and a two-hundred day simple moving average of $22.70.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings data 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. The company had revenue of $169.83 million during the quarter, compared to analyst estimates of $164.60 million. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share. On average, research analysts expect that Perdoceo Education Co. will post 2.27 earnings per share for the current year.

Perdoceo Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Monday, December 2nd. Perdoceo Education’s payout ratio is 26.13%.

About Perdoceo Education

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.