Royce & Associates LP Purchases 807 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Royce & Associates LP raised its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 1.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,631 shares of the company’s stock after acquiring an additional 807 shares during the quarter. Royce & Associates LP’s holdings in Perdoceo Education were worth $1,904,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Perdoceo Education by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,896,257 shares of the company’s stock valued at $103,538,000 after buying an additional 45,259 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Perdoceo Education by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 5,069,173 shares of the company’s stock worth $108,580,000 after acquiring an additional 28,909 shares in the last quarter. Renaissance Technologies LLC boosted its position in Perdoceo Education by 2.5% during the second quarter. Renaissance Technologies LLC now owns 4,505,687 shares of the company’s stock valued at $96,512,000 after purchasing an additional 107,918 shares during the last quarter. Pacer Advisors Inc. grew its stake in Perdoceo Education by 24.3% in the second quarter. Pacer Advisors Inc. now owns 2,650,123 shares of the company’s stock valued at $56,766,000 after purchasing an additional 518,048 shares in the last quarter. Finally, LSV Asset Management increased its position in shares of Perdoceo Education by 3.9% during the 2nd quarter. LSV Asset Management now owns 2,010,254 shares of the company’s stock worth $43,060,000 after purchasing an additional 75,293 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PRDO shares. Barrington Research raised their target price on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th.

Insiders Place Their Bets

In other news, insider Michele A. Peppers sold 6,476 shares of Perdoceo Education stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total transaction of $135,996.00. Following the completion of the sale, the insider now owns 61,952 shares of the company’s stock, valued at approximately $1,300,992. This trade represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John Robert Kline sold 30,574 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $26.47, for a total transaction of $809,293.78. Following the completion of the transaction, the senior vice president now owns 130,405 shares in the company, valued at $3,451,820.35. This trade represents a 18.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.81% of the company’s stock.

Perdoceo Education Stock Down 1.5 %

PRDO opened at $26.40 on Wednesday. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 0.78 and a beta of 1.04. Perdoceo Education Co. has a 12-month low of $16.12 and a 12-month high of $29.47. The business has a 50 day moving average of $22.48 and a 200-day moving average of $22.51.

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

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a $0.13 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.52 annualized dividend and a yield of 1.97%. 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.