Perdoceo Education Co. (NASDAQ:PRDO) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in Perdoceo Education Co. (NASDAQ:PRDO) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,734 shares of the company’s stock after purchasing an additional 1,922 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Perdoceo Education were worth $908,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its position in Perdoceo Education by 32.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,602,905 shares of the company’s stock valued at $28,147,000 after buying an additional 395,481 shares during the last quarter. Invesco Ltd. boosted its position in Perdoceo Education by 59.0% in the 3rd quarter. Invesco Ltd. now owns 1,028,253 shares of the company’s stock valued at $17,583,000 after buying an additional 381,665 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Perdoceo Education by 39.7% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 846,629 shares of the company’s stock valued at $14,477,000 after buying an additional 240,526 shares during the last quarter. Penserra Capital Management LLC purchased a new position in Perdoceo Education in the 3rd quarter valued at about $2,518,000. Finally, American Century Companies Inc. boosted its position in Perdoceo Education by 10.2% in the 3rd quarter. American Century Companies Inc. now owns 1,034,888 shares of the company’s stock valued at $17,697,000 after buying an additional 95,672 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Perdoceo Education Stock Performance

Shares of PRDO stock opened at $17.84 on Wednesday. Perdoceo Education Co. has a one year low of $11.50 and a one year high of $19.62. The company’s 50-day simple moving average is $17.49 and its 200-day simple moving average is $17.62. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 0.54 and a beta of 0.96.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. Perdoceo Education had a net margin of 20.80% and a return on equity of 17.63%. The business had revenue of $147.30 million for the quarter, compared to analysts’ expectations of $146.20 million. During the same quarter last year, the company posted $0.31 earnings per share. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. As a group, research analysts forecast that Perdoceo Education Co. will post 2.12 EPS for the current year.

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.11 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.44 annualized dividend and a dividend yield of 2.47%. Perdoceo Education’s payout ratio is 20.18%.

Insider Transactions at Perdoceo Education

In other Perdoceo Education news, CEO Todd S. Nelson sold 16,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $18.50, for a total value of $296,000.00. Following the transaction, the chief executive officer now owns 685,098 shares of the company’s stock, valued at $12,674,313. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Perdoceo Education news, CEO Todd S. Nelson sold 16,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $18.50, for a total value of $296,000.00. Following the transaction, the chief executive officer now owns 685,098 shares of the company’s stock, valued at $12,674,313. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Todd S. Nelson sold 9,500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $18.50, for a total transaction of $175,750.00. Following the completion of the transaction, the chief executive officer now directly owns 685,098 shares in the company, valued at approximately $12,674,313. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 105,500 shares of company stock valued at $1,893,350. Insiders own 1.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PRDO shares. Barrington Research reissued an “outperform” rating and issued a $23.00 price objective on shares of Perdoceo Education in a research report on Monday, April 15th. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 19th.

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.