Equitable Trust Co. Has $295,000 Stake in Perdoceo Education Co. (NASDAQ:PRDO)

Equitable Trust Co. reduced its holdings in Perdoceo Education Co. (NASDAQ:PRDO) by 17.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,162 shares of the company’s stock after selling 2,337 shares during the quarter. Equitable Trust Co.’s holdings in Perdoceo Education were worth $295,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vest Financial LLC increased its stake in Perdoceo Education by 39.2% during the 4th quarter. Vest Financial LLC now owns 92,870 shares of the company’s stock worth $2,458,000 after purchasing an additional 26,142 shares in the last quarter. Manning & Napier Advisors LLC increased its position in shares of Perdoceo Education by 32.4% during the fourth quarter. Manning & Napier Advisors LLC now owns 162,797 shares of the company’s stock worth $4,309,000 after acquiring an additional 39,808 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Perdoceo Education during the fourth quarter worth $60,000. KBC Group NV lifted its position in Perdoceo Education by 47.5% in the 4th quarter. KBC Group NV now owns 3,696 shares of the company’s stock valued at $98,000 after acquiring an additional 1,190 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Perdoceo Education by 13.1% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,995 shares of the company’s stock worth $344,000 after purchasing an additional 1,503 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Perdoceo Education Stock Down 0.2 %

Shares of PRDO stock opened at $28.39 on Wednesday. The firm has a market cap of $1.87 billion, a PE ratio of 14.27, a P/E/G ratio of 0.80 and a beta of 1.06. Perdoceo Education Co. has a 12 month low of $16.12 and a 12 month high of $29.47. The company’s fifty day simple moving average is $27.26 and its 200-day simple moving average is $24.55.

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

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Saturday, March 1st will be given a dividend of $0.13 per share. The ex-dividend date is Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.83%. Perdoceo Education’s dividend payout ratio (DPR) is presently 26.13%.

Insider Buying and Selling at Perdoceo Education

In other news, SVP John Robert Kline sold 12,148 shares of Perdoceo Education stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $25.79, for a total value of $313,296.92. Following the completion of the transaction, the senior vice president now owns 130,405 shares of the company’s stock, valued at $3,363,144.95. This trade represents a 8.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Patrick W. Gross sold 3,400 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $26.74, for a total transaction of $90,916.00. Following the transaction, 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 a total of 58,594 shares of company stock worth $1,541,396 over the last ninety days. 1.81% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PRDO shares. Barrington Research reissued an “outperform” rating and issued a $32.00 price target on shares of Perdoceo Education in a research note on Friday, February 7th. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday.

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.