Bank of New York Mellon Corp Sells 1,393 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Bank of New York Mellon Corp decreased its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 690,663 shares of the company’s stock after selling 1,393 shares during the period. Bank of New York Mellon Corp owned approximately 1.02% of Perdoceo Education worth $8,474,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PRDO. Y Intercept Hong Kong Ltd bought a new stake in shares of Perdoceo Education in the 1st quarter valued at $225,000. Summit Global Investments bought a new stake in shares of Perdoceo Education in the 2nd quarter valued at $406,000. Koss Olinger Consulting LLC increased its position in shares of Perdoceo Education by 13.1% in the 2nd quarter. Koss Olinger Consulting LLC now owns 20,048 shares of the company’s stock valued at $246,000 after buying an additional 2,326 shares in the last quarter. WINTON GROUP Ltd increased its position in shares of Perdoceo Education by 3.5% in the 1st quarter. WINTON GROUP Ltd now owns 238,740 shares of the company’s stock valued at $3,206,000 after buying an additional 8,012 shares in the last quarter. Finally, Royce & Associates LP increased its position in shares of Perdoceo Education by 82.5% in the 1st quarter. Royce & Associates LP now owns 85,617 shares of the company’s stock valued at $1,150,000 after buying an additional 38,702 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Insider Transactions at Perdoceo Education

In other news, insider Michele A. Peppers sold 13,400 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $16.80, for a total transaction of $225,120.00. Following the completion of the transaction, the insider now directly owns 62,401 shares in the company, valued at approximately $1,048,336.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Michele A. Peppers sold 13,400 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $16.80, for a total value of $225,120.00. Following the completion of the sale, the insider now directly owns 62,401 shares in the company, valued at approximately $1,048,336.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Todd S. Nelson sold 9,154 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $16.13, for a total transaction of $147,654.02. Following the completion of the sale, the chairman now owns 685,098 shares of the company’s stock, valued at $11,050,630.74. The disclosure for this sale can be found here. Insiders sold a total of 56,064 shares of company stock worth $910,060 in the last three months. Insiders own 2.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on PRDO shares. StockNews.com started coverage on Perdoceo Education in a report on Thursday, October 5th. They set a “strong-buy” rating for the company. Barrington Research increased their target price on Perdoceo Education from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd.

Perdoceo Education Trading Up 0.1 %

PRDO stock opened at $18.09 on Friday. The stock has a 50-day moving average price of $17.42 and a two-hundred day moving average price of $14.91. The stock has a market cap of $1.19 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13. Perdoceo Education Co. has a 1 year low of $11.50 and a 1 year high of $19.62.

Perdoceo Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.43%. Perdoceo Education’s dividend payout ratio is 20.47%.

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.