Illinois Municipal Retirement Fund Sells 2,120 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Illinois Municipal Retirement Fund decreased its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 5.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 37,266 shares of the company’s stock after selling 2,120 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Perdoceo Education were worth $654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new position in Perdoceo Education during the 4th quarter worth $26,000. Planned Solutions Inc. bought a new position in Perdoceo Education during the 4th quarter worth $26,000. Commons Capital LLC bought a new position in Perdoceo Education during the 4th quarter worth $193,000. Bfsg LLC bought a new position in Perdoceo Education during the 3rd quarter worth $193,000. Finally, Fox Run Management L.L.C. bought a new position in Perdoceo Education during the 3rd quarter worth $208,000. Institutional investors own 93.46% of the company’s stock.

Insider Activity at Perdoceo Education

In related news, CEO Todd S. Nelson sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $17.23, for a total value of $275,680.00. Following the sale, the chief executive officer now directly owns 713,367 shares of the company’s stock, valued at $12,291,313.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Todd S. Nelson sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $17.23, for a total value of $275,680.00. Following the sale, the chief executive officer now directly owns 713,367 shares of the company’s stock, valued at $12,291,313.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Todd S. Nelson sold 9,500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $18.50, for a total value of $175,750.00. Following the completion of the sale, the chief executive officer now directly owns 685,098 shares in the company, valued at $12,674,313. The disclosure for this sale can be found here. Insiders have sold 73,500 shares of company stock valued at $1,301,350 over the last ninety days. 1.81% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Barrington Research restated an “outperform” rating and issued a $23.00 price target on shares of Perdoceo Education in a research report on Monday, April 15th. StockNews.com cut Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 25th.

Perdoceo Education Stock Performance

Shares of NASDAQ PRDO opened at $18.62 on Tuesday. Perdoceo Education Co. has a 52 week low of $11.50 and a 52 week high of $19.62. The stock has a market capitalization of $1.22 billion, a P/E ratio of 8.54, a PEG ratio of 0.59 and a beta of 0.96. The stock’s fifty day moving average is $17.57 and its 200 day moving average is $17.64.

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

Perdoceo Education Announces Dividend

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

About Perdoceo Education

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.