Zurcher Kantonalbank Zurich Cantonalbank Increases Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 179.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,951 shares of the company’s stock after purchasing an additional 17,960 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Perdoceo Education were worth $491,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PRDO. DGS Capital Management LLC boosted its position in Perdoceo Education by 1.9% during the 4th quarter. DGS Capital Management LLC now owns 36,911 shares of the company’s stock valued at $648,000 after acquiring an additional 682 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Perdoceo Education during the 4th quarter valued at approximately $578,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Perdoceo Education by 3.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,734 shares of the company’s stock valued at $908,000 after acquiring an additional 1,922 shares in the last quarter. Stratos Wealth Advisors LLC bought a new stake in Perdoceo Education during the 4th quarter valued at approximately $1,126,000. Finally, Camelot Portfolios LLC boosted its position in Perdoceo Education by 38.3% during the 4th quarter. Camelot Portfolios LLC now owns 37,074 shares of the company’s stock valued at $651,000 after acquiring an additional 10,273 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PRDO shares. Barrington Research lifted their price objective on Perdoceo Education from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday. 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 Up 31.5 %

Shares of PRDO opened at $24.11 on Friday. The business’s 50 day moving average price is $17.77 and its 200-day moving average price is $17.70. Perdoceo Education Co. has a 52 week low of $11.50 and a 52 week high of $24.18. The stock has a market cap of $1.58 billion, a P/E ratio of 11.06, a P/E/G ratio of 0.58 and a beta of 0.92.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. The firm had revenue of $168.30 million for the quarter, compared to analysts’ expectations of $163.30 million. Perdoceo Education had a return on equity of 17.63% and a net margin of 20.80%. The business’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 EPS. On average, equities analysts anticipate that Perdoceo Education Co. will post 2.12 EPS for the current year.

Insider Activity at Perdoceo Education

In related news, CFO Ashish R. Ghia sold 11,412 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $19.00, for a total value of $216,828.00. Following the transaction, the chief financial officer now directly owns 226,234 shares of the company’s stock, valued at approximately $4,298,446. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Ashish R. Ghia sold 11,412 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $19.00, for a total value of $216,828.00. Following the transaction, the chief financial officer now directly owns 226,234 shares of the company’s stock, valued at approximately $4,298,446. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Todd S. Nelson sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $17.23, for a total value of $275,680.00. Following the completion of the transaction, the chief executive officer now directly owns 713,367 shares in the company, valued at $12,291,313.41. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,412 shares of company stock valued at $1,342,428. 1.81% of the stock is owned by corporate insiders.

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.