Russell Investments Group Ltd. Sells 1,235 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Russell Investments Group Ltd. trimmed its position in shares of Perdoceo Education Co. (NASDAQ:PRDOGet Rating) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,466 shares of the company’s stock after selling 1,235 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of Perdoceo Education worth $721,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in Perdoceo Education by 313.0% during the first quarter. Parallel Advisors LLC now owns 3,325 shares of the company’s stock worth $39,000 after buying an additional 2,520 shares during the last quarter. Captrust Financial Advisors grew its stake in Perdoceo Education by 63.7% during the first quarter. Captrust Financial Advisors now owns 4,248 shares of the company’s stock worth $49,000 after buying an additional 1,653 shares during the last quarter. KBC Group NV acquired a new position in shares of Perdoceo Education during the second quarter worth approximately $72,000. Equitable Trust Co. acquired a new position in shares of Perdoceo Education during the second quarter worth approximately $118,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Perdoceo Education during the first quarter worth approximately $121,000. 95.31% of the stock is owned by institutional investors.

Insider Activity at Perdoceo Education

In related news, Chairman Todd S. Nelson sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 12th. The shares were sold at an average price of $10.30, for a total value of $257,500.00. Following the transaction, the chairman now directly owns 986,417 shares in the company, valued at $10,160,095.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Perdoceo Education news, SVP John Robert Kline sold 36,774 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $11.49, for a total value of $422,533.26. Following the completion of the sale, the senior vice president now owns 161,998 shares of the company’s stock, valued at $1,861,357.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Todd S. Nelson sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 12th. The shares were sold at an average price of $10.30, for a total transaction of $257,500.00. Following the completion of the sale, the chairman now directly owns 986,417 shares of the company’s stock, valued at approximately $10,160,095.10. The disclosure for this sale can be found here. Insiders have sold 139,399 shares of company stock worth $1,490,695 over the last ninety days. Company insiders own 2.89% of the company’s stock.

Perdoceo Education Price Performance

Shares of NASDAQ PRDO opened at $11.58 on Friday. The company’s 50 day simple moving average is $10.85 and its 200 day simple moving average is $11.34. Perdoceo Education Co. has a fifty-two week low of $9.65 and a fifty-two week high of $13.89. The firm has a market capitalization of $784.66 million, a P/E ratio of 7.38, a P/E/G ratio of 0.52 and a beta of 1.14.

Perdoceo Education (NASDAQ:PRDOGet Rating) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.05. Perdoceo Education had a net margin of 16.08% and a return on equity of 18.62%. The business had revenue of $167.68 million for the quarter, compared to analyst estimates of $163.08 million. During the same period in the prior year, the business posted $0.41 earnings per share. Perdoceo Education’s revenue was down 4.5% compared to the same quarter last year. Sell-side analysts expect that Perdoceo Education Co. will post 1.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. TheStreet lowered shares of Perdoceo Education from a “b-” rating to a “c” rating in a research report on Monday, October 3rd. StockNews.com assumed coverage on shares of Perdoceo Education in a research report on Wednesday, October 12th. They set a “strong-buy” rating on the stock. Finally, Barrington Research reiterated an “outperform” rating on shares of Perdoceo Education in a research report on Tuesday, August 9th.

About Perdoceo Education

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Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. The company operates in two segments, Colorado Technical University and American InterContinental University. It offers academic programs in the career-oriented disciplines of business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice, as well as business studies, information technologies, education, and health sciences.

Further Reading

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Institutional Ownership by Quarter for Perdoceo Education (NASDAQ:PRDO)

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