Strs Ohio Sells 4,100 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Strs Ohio trimmed its stake in Perdoceo Education Co. (NASDAQ:PRDO) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,500 shares of the company’s stock after selling 4,100 shares during the period. Strs Ohio’s holdings in Perdoceo Education were worth $693,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PRDO. Planned Solutions Inc. acquired a new position in Perdoceo Education in the fourth quarter worth $26,000. McGlone Suttner Wealth Management Inc. acquired a new position in Perdoceo Education in the fourth quarter worth $26,000. Bfsg LLC acquired a new position in Perdoceo Education in the third quarter worth $193,000. Commons Capital LLC acquired a new position in Perdoceo Education in the fourth quarter worth $193,000. Finally, Fox Run Management L.L.C. acquired a new position in Perdoceo Education in the third quarter worth $208,000. 93.46% of the stock is currently owned by institutional investors.

Perdoceo Education Stock Up 1.1 %

Shares of PRDO opened at $18.62 on Friday. Perdoceo Education Co. has a 12-month low of $11.50 and a 12-month high of $19.62. The firm has a market capitalization of $1.22 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 0.56 and a beta of 0.96. The stock’s fifty day simple moving average is $17.53 and its 200-day simple moving average is $17.63.

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

Perdoceo Education Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Thursday, February 29th. Perdoceo Education’s dividend payout ratio (DPR) is presently 20.18%.

Insider Activity

In other Perdoceo Education news, CEO Todd S. Nelson sold 16,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $18.50, for a total transaction of $296,000.00. Following the transaction, the chief executive officer now owns 685,098 shares in the company, valued at $12,674,313. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Perdoceo Education news, 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 transaction, the chief executive officer now owns 685,098 shares in the company, valued at $12,674,313. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Todd S. Nelson sold 16,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was 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 in the company, valued at approximately $12,674,313. The disclosure for this sale can be found here. Insiders have sold 89,500 shares of company stock valued at $1,597,350 over the last 90 days. 1.81% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on PRDO. StockNews.com lowered Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Barrington Research reissued an “outperform” rating and issued a $23.00 price objective on shares of Perdoceo Education in a research note on Monday, April 15th.

Perdoceo Education 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.