Segall Bryant & Hamill LLC Sells 32,919 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Segall Bryant & Hamill LLC decreased its stake in Perdoceo Education Co. (NASDAQ:PRDO) by 14.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,069 shares of the company’s stock after selling 32,919 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.30% of Perdoceo Education worth $5,216,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in shares of Perdoceo Education in the 3rd quarter valued at $9,374,000. Boston Partners lifted its holdings in Perdoceo Education by 41.1% during the 4th 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. Kennondale Capital Management LLC acquired a new position in Perdoceo Education in the fourth quarter valued at about $2,558,000. Barclays PLC grew its stake in Perdoceo Education by 353.5% during the third quarter. Barclays PLC now owns 110,622 shares of the company’s stock worth $2,460,000 after buying an additional 86,227 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Perdoceo Education by 5.1% during the fourth quarter. American Century Companies Inc. now owns 1,627,190 shares of the company’s stock worth $43,072,000 after buying an additional 79,686 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Insider Activity at Perdoceo Education

In related news, CEO Todd S. Nelson sold 12,472 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total value of $327,888.88. Following the transaction, the chief executive officer now directly owns 615,697 shares in the company, valued at $16,186,674.13. This represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Ashish R. Ghia sold 6,236 shares of Perdoceo Education stock in a transaction on Monday, March 24th. The stock was sold at an average price of $25.00, for a total transaction of $155,900.00. Following the sale, the chief financial officer now directly owns 252,130 shares of the company’s stock, valued at $6,303,250. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 87,658 shares of company stock worth $2,188,914 over the last 90 days. Insiders own 1.81% of the company’s stock.

Perdoceo Education Trading Up 1.7 %

PRDO opened at $25.69 on Friday. Perdoceo Education Co. has a 1-year low of $16.56 and a 1-year high of $29.84. The stock has a market capitalization of $1.69 billion, a PE ratio of 11.68, a PEG ratio of 0.75 and a beta of 1.04. 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 50-day moving average price of $26.73 and a two-hundred day moving average price of $25.21.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The business had revenue of $176.43 million during the quarter, compared to analyst estimates of $160.12 million. As a group, equities analysts anticipate that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Friday, February 28th. Perdoceo Education’s dividend payout ratio (DPR) is presently 23.64%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PRDO. Barrington Research boosted their target price on Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 11th.

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.