Perdoceo Education Co. (NASDAQ:PRDO) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,907,705 shares of the company’s stock after selling 89,405 shares during the quarter. Dimensional Fund Advisors LP owned about 7.47% of Perdoceo Education worth $129,906,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners increased its position in shares of Perdoceo Education by 41.1% during the 4th quarter. Boston Partners now owns 1,209,899 shares of the company’s stock worth $32,379,000 after purchasing an additional 352,470 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Perdoceo Education by 63.0% during the fourth quarter. Wellington Management Group LLP now owns 686,873 shares of the company’s stock valued at $18,182,000 after acquiring an additional 265,401 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Perdoceo Education by 7.9% in the 4th quarter. First Trust Advisors LP now owns 3,296,208 shares of the company’s stock valued at $87,251,000 after acquiring an additional 241,147 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Perdoceo Education by 27.5% in the 4th quarter. JPMorgan Chase & Co. now owns 742,342 shares of the company’s stock valued at $19,650,000 after acquiring an additional 160,162 shares during the period. Finally, Kennondale Capital Management LLC acquired a new position in shares of Perdoceo Education in the 4th quarter worth approximately $2,558,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Perdoceo Education Trading Up 0.6 %

NASDAQ PRDO opened at $24.92 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 0.75 and a beta of 0.87. The firm has a 50 day simple moving average of $25.40 and a 200-day simple moving average of $25.78. Perdoceo Education Co. has a one year low of $18.10 and a one year high of $29.84.

Perdoceo Education (NASDAQ:PRDO) last released its 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 for the quarter, compared to analyst estimates of $160.12 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. Equities research analysts anticipate that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 2.09%. Perdoceo Education’s payout ratio is 23.64%.

Wall Street Analysts Forecast Growth

PRDO has been the topic of a number of research analyst reports. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Barrington Research reaffirmed an “outperform” rating and issued a $35.00 price objective on shares of Perdoceo Education in a research note on Thursday.

Insiders Place Their Bets

In other Perdoceo Education news, CEO Todd S. Nelson sold 38,984 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $24.66, for a total transaction of $961,345.44. Following the completion of the transaction, the chief executive officer now owns 644,047 shares in the company, valued at $15,882,199.02. The trade was a 5.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ashish R. Ghia sold 6,236 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $25.00, for a total transaction of $155,900.00. Following the completion of the sale, the chief financial officer now directly owns 252,130 shares in the company, valued at approximately $6,303,250. This represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,691 shares of company stock worth $2,774,669 in the last quarter. 2.11% of the stock is owned by company 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.