Public Sector Pension Investment Board Has $2.91 Million Stock Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Public Sector Pension Investment Board reduced its stake in Perdoceo Education Co. (NASDAQ:PRDO) by 9.3% during the 3rd quarter, Holdings Channel reports. The firm owned 130,988 shares of the company’s stock after selling 13,400 shares during the period. Public Sector Pension Investment Board’s holdings in Perdoceo Education were worth $2,913,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Intech Investment Management LLC boosted its stake in Perdoceo Education by 220.8% during the 3rd quarter. Intech Investment Management LLC now owns 56,839 shares of the company’s stock worth $1,264,000 after acquiring an additional 39,121 shares during the last quarter. Jennison Associates LLC raised its holdings in Perdoceo Education by 23.8% in the third quarter. Jennison Associates LLC now owns 53,170 shares of the company’s stock worth $1,183,000 after purchasing an additional 10,231 shares during the period. Banque Cantonale Vaudoise grew its holdings in shares of Perdoceo Education by 59.7% in the 3rd quarter. Banque Cantonale Vaudoise now owns 10,606 shares of the company’s stock valued at $236,000 after buying an additional 3,966 shares during the period. Quest Partners LLC increased its position in shares of Perdoceo Education by 1,107.5% in the 3rd quarter. Quest Partners LLC now owns 22,012 shares of the company’s stock valued at $490,000 after buying an additional 20,189 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in Perdoceo Education by 1.2% during the 3rd quarter. Empowered Funds LLC now owns 485,552 shares of the company’s stock worth $10,799,000 after buying an additional 5,571 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on PRDO. StockNews.com cut Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Barrington Research increased their target price on Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th.

Insider Activity

In other news, Director Patrick W. Gross sold 3,400 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $26.74, for a total value of $90,916.00. Following the completion of the transaction, the director now owns 69,635 shares in the company, valued at $1,862,039.90. This trade represents a 4.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Robert Kline sold 30,574 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $26.47, for a total value of $809,293.78. Following the sale, the senior vice president now owns 130,405 shares in the company, valued at $3,451,820.35. The trade was a 18.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,450 shares of company stock worth $1,036,206 over the last ninety days. Insiders own 1.81% of the company’s stock.

Perdoceo Education Trading Down 1.7 %

PRDO opened at $27.34 on Wednesday. The stock has a market capitalization of $1.80 billion, a P/E ratio of 13.74, a P/E/G ratio of 0.82 and a beta of 1.07. Perdoceo Education Co. has a 12 month low of $16.12 and a 12 month high of $29.47. The firm’s fifty day simple moving average is $23.56 and its 200 day simple moving average is $22.75.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. The company had revenue of $169.83 million for the quarter, compared to analyst estimates of $164.60 million. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.64 earnings per share. On average, equities research analysts predict that Perdoceo Education Co. will post 2.27 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.52 annualized dividend and a dividend yield of 1.90%. Perdoceo Education’s dividend payout ratio is currently 26.13%.

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.