Perdoceo Education Co. (NASDAQ:PRDO) Shares Bought by Vestcor Inc

Vestcor Inc grew its position in Perdoceo Education Co. (NASDAQ:PRDO) by 14.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,436 shares of the company’s stock after acquiring an additional 4,424 shares during the quarter. Vestcor Inc owned about 0.05% of Perdoceo Education worth $912,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Atria Investments Inc boosted its stake in Perdoceo Education by 3.6% during the 4th quarter. Atria Investments Inc now owns 10,886 shares of the company’s stock worth $288,000 after purchasing an additional 375 shares during the period. Royce & Associates LP grew its holdings in shares of Perdoceo Education by 1.0% during the third quarter. Royce & Associates LP now owns 85,631 shares of the company’s stock worth $1,904,000 after buying an additional 807 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Perdoceo Education by 227.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock valued at $34,000 after acquiring an additional 913 shares during the last quarter. Swiss National Bank grew its stake in shares of Perdoceo Education by 0.8% in the 4th quarter. Swiss National Bank now owns 122,700 shares of the company’s stock valued at $3,248,000 after purchasing an additional 1,000 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Perdoceo Education by 47.5% in the fourth quarter. KBC Group NV now owns 3,696 shares of the company’s stock valued at $98,000 after purchasing an additional 1,190 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Barrington Research increased their price target on shares of Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th.

Perdoceo Education Trading Up 1.6 %

NASDAQ:PRDO opened at $24.60 on Friday. Perdoceo Education Co. has a 1 year low of $16.56 and a 1 year high of $29.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. The stock has a fifty day moving average price of $26.99 and a two-hundred day moving average price of $25.05. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 0.75 and a beta of 1.04.

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

Perdoceo Education Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Friday, February 28th. Perdoceo Education’s dividend payout ratio is currently 23.64%.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, CEO Todd S. Nelson sold 12,472 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total value of $327,888.88. Following the sale, the chief executive officer now owns 615,697 shares of the company’s stock, valued at $16,186,674.13. This represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Robert Kline sold 12,148 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $25.79, for a total transaction of $313,296.92. Following the transaction, the senior vice president now directly owns 130,405 shares of the company’s stock, valued at approximately $3,363,144.95. This trade represents a 8.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.81% of the stock is currently owned by company insiders.

About Perdoceo Education

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.