66,464 Shares in Perdoceo Education Co. (NASDAQ:PRDO) Bought by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC purchased a new position in Perdoceo Education Co. (NASDAQ:PRDO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 66,464 shares of the company’s stock, valued at approximately $1,759,000. Castlekeep Investment Advisors LLC owned about 0.10% of Perdoceo Education as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PRDO. First Trust Advisors LP increased its holdings in shares of Perdoceo Education by 7.9% in the fourth quarter. First Trust Advisors LP now owns 3,296,208 shares of the company’s stock worth $87,251,000 after buying an additional 241,147 shares during the period. Geode Capital Management LLC grew its position in Perdoceo Education by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,817,982 shares of the company’s stock worth $48,129,000 after acquiring an additional 14,591 shares during the last quarter. Frontier Capital Management Co. LLC increased its stake in Perdoceo Education by 5.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,739,401 shares of the company’s stock worth $46,042,000 after purchasing an additional 85,100 shares during the period. American Century Companies Inc. lifted its position in Perdoceo Education by 5.1% in the fourth quarter. American Century Companies Inc. now owns 1,627,190 shares of the company’s stock valued at $43,072,000 after purchasing an additional 79,686 shares during the last quarter. Finally, Boston Partners lifted its position in Perdoceo Education by 41.1% in the fourth quarter. Boston Partners now owns 1,209,899 shares of the company’s stock valued at $32,379,000 after purchasing an additional 352,470 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PRDO has been the topic of several recent analyst reports. Barrington Research raised their target price on shares of Perdoceo Education from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Wall Street Zen cut shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 5th.

Perdoceo Education Stock Performance

Perdoceo Education stock opened at $31.03 on Friday. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.03 billion, a P/E ratio of 14.10, a P/E/G ratio of 0.75 and a beta of 0.79. Perdoceo Education Co. has a 1-year low of $20.23 and a 1-year high of $32.03. The firm has a 50-day moving average of $27.13 and a 200-day moving average of $26.92.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.04. The business had revenue of $213.00 million during the quarter, compared to analysts’ expectations of $207.97 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The business’s revenue was up 26.6% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. Sell-side analysts expect that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Sunday, June 1st will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, May 30th. Perdoceo Education’s dividend payout ratio (DPR) is currently 23.01%.

Insider Buying and Selling at Perdoceo Education

In other news, CEO Todd S. Nelson sold 38,984 shares of Perdoceo Education stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $24.66, for a total transaction of $961,345.44. Following the sale, the chief executive officer now owns 644,047 shares of the company’s stock, valued at approximately $15,882,199.02. The trade was a 5.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michele A. Peppers sold 4,038 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $32.00, for a total transaction of $129,216.00. Following the completion of the transaction, the insider now directly owns 45,876 shares of the company’s stock, valued at approximately $1,468,032. The trade was a 8.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 127,820 shares of company stock valued at $3,296,615. 2.11% of the stock is currently 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.