Perdoceo Education Co. (NASDAQ:PRDO) Shares Acquired by Seizert Capital Partners LLC

Seizert Capital Partners LLC raised its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 14.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 253,303 shares of the company’s stock after purchasing an additional 31,418 shares during the quarter. Seizert Capital Partners LLC’s holdings in Perdoceo Education were worth $6,705,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PRDO. Farther Finance Advisors LLC increased its holdings in shares of Perdoceo Education by 3,465.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,275 shares of the company’s stock valued at $140,000 after acquiring an additional 6,099 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Perdoceo Education by 8.1% during the third quarter. Assetmark Inc. now owns 97,626 shares of the company’s stock valued at $2,171,000 after purchasing an additional 7,328 shares during the last quarter. Atria Investments Inc acquired a new stake in shares of Perdoceo Education during the 3rd quarter worth approximately $234,000. Victory Capital Management Inc. lifted its holdings in shares of Perdoceo Education by 71.3% in the 3rd quarter. Victory Capital Management Inc. now owns 73,819 shares of the company’s stock worth $1,642,000 after purchasing an additional 30,725 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Perdoceo Education by 1.0% in the 3rd quarter. Royce & Associates LP now owns 85,631 shares of the company’s stock worth $1,904,000 after purchasing an additional 807 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Todd S. Nelson sold 12,472 shares of Perdoceo Education stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total value of $327,888.88. Following the transaction, the chief executive officer now owns 615,697 shares of the company’s stock, valued at $16,186,674.13. The trade was a 1.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP John Robert Kline sold 12,148 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $25.79, for a total transaction of $313,296.92. Following the sale, the senior vice president now directly owns 130,405 shares of the company’s stock, valued at approximately $3,363,144.95. This represents a 8.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.81% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on PRDO. Barrington Research increased their target price on Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 11th.

Perdoceo Education Stock Performance

PRDO opened at $25.80 on Wednesday. Perdoceo Education Co. has a twelve month low of $16.56 and a twelve month high of $29.84. The stock has a market cap of $1.70 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 0.75 and a beta of 1.07. The business’s 50 day moving average is $27.22 and its 200-day moving average is $24.94. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $176.43 million during the quarter, compared to analyst estimates of $160.12 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. On average, analysts predict that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Friday, February 28th. Perdoceo Education’s dividend payout ratio (DPR) is presently 23.64%.

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.