Perdoceo Education Co. (NASDAQ:PRDO) Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC decreased its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 8.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,575 shares of the company’s stock after selling 2,035 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Perdoceo Education were worth $290,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PRDO. Advisor Group Holdings Inc. grew its holdings in Perdoceo Education by 642.9% in the first quarter. Advisor Group Holdings Inc. now owns 25,794 shares of the company’s stock valued at $358,000 after purchasing an additional 22,322 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Perdoceo Education by 12.4% in the 1st quarter. JPMorgan Chase & Co. now owns 885,128 shares of the company’s stock valued at $10,160,000 after acquiring an additional 97,699 shares during the last quarter. Citigroup Inc. raised its position in Perdoceo Education by 2.0% during the first quarter. Citigroup Inc. now owns 68,899 shares of the company’s stock worth $791,000 after acquiring an additional 1,331 shares during the last quarter. MetLife Investment Management LLC raised its position in Perdoceo Education by 55.4% during the first quarter. MetLife Investment Management LLC now owns 38,316 shares of the company’s stock worth $440,000 after acquiring an additional 13,662 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Perdoceo Education by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 60,438 shares of the company’s stock valued at $694,000 after purchasing an additional 7,452 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on PRDO shares. Barrington Research lifted their price objective on Perdoceo Education from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. StockNews.com initiated coverage on Perdoceo Education in a report on Thursday, August 17th. They issued a “strong-buy” rating for the company.

Perdoceo Education Price Performance

NASDAQ:PRDO opened at $16.57 on Friday. The firm has a market cap of $1.09 billion, a PE ratio of 8.96, a P/E/G ratio of 0.58 and a beta of 1.18. The firm has a 50 day simple moving average of $14.19 and a 200-day simple moving average of $13.40. Perdoceo Education Co. has a 1-year low of $9.97 and a 1-year high of $17.06.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.09. Perdoceo Education had a return on equity of 17.41% and a net margin of 17.50%. The company had revenue of $186.60 million during the quarter, compared to the consensus estimate of $179.40 million. During the same period in the previous year, the firm posted $0.42 EPS. Perdoceo Education’s revenue was up 11.3% on a year-over-year basis. As a group, sell-side analysts expect that Perdoceo Education Co. will post 1.88 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Thursday, August 31st.

Insider Buying and Selling at Perdoceo Education

In related news, SVP John Robert Kline sold 11,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $16.42, for a total value of $180,620.00. Following the transaction, the senior vice president now owns 157,315 shares in the company, valued at $2,583,112.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP John Robert Kline sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $16.42, for a total transaction of $180,620.00. Following the sale, the senior vice president now directly owns 157,315 shares of the company’s stock, valued at approximately $2,583,112.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Todd S. Nelson sold 16,000 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $15.98, for a total value of $255,680.00. Following the sale, the chairman now owns 742,252 shares in the company, valued at $11,861,186.96. The disclosure for this sale can be found here. Insiders have sold 129,487 shares of company stock valued at $2,101,268 over the last three months. 2.73% of the stock is owned by company insiders.

Perdoceo Education Profile

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 The American InterContinental University System. 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.