Principal Financial Group Inc. Lowers Stock Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Principal Financial Group Inc. cut its stake in shares of Perdoceo Education Co. (NASDAQ:PRDOFree Report) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 353,754 shares of the company’s stock after selling 9,222 shares during the period. Principal Financial Group Inc. owned approximately 0.54% of Perdoceo Education worth $6,212,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. LSV Asset Management increased its stake in shares of Perdoceo Education by 117.7% during the fourth quarter. LSV Asset Management now owns 1,213,839 shares of the company’s stock worth $21,315,000 after acquiring an additional 656,280 shares during the period. Stratos Wealth Advisors LLC acquired a new position in Perdoceo Education during the 4th quarter worth approximately $1,126,000. Summit Global Investments purchased a new position in shares of Perdoceo Education during the 4th quarter worth approximately $697,000. Illinois Municipal Retirement Fund acquired a new stake in shares of Perdoceo Education in the 3rd quarter valued at approximately $674,000. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Perdoceo Education by 6.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 23,750 shares of the company’s stock valued at $406,000 after buying an additional 1,342 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Todd S. Nelson sold 16,000 shares of the 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 sale, the chief executive officer now directly owns 713,367 shares in the company, valued at $12,291,313.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Ashish R. Ghia sold 11,412 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 226,234 shares of the company’s stock, valued at $4,298,446. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Todd S. Nelson sold 16,000 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 713,367 shares in the company, valued at approximately $12,291,313.41. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,412 shares of company stock worth $1,342,428. Insiders own 1.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. StockNews.com cut Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 25th. Barrington Research increased their price target on shares of Perdoceo Education from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd.

View Our Latest Stock Report on PRDO

Perdoceo Education Price Performance

Shares of NASDAQ:PRDO opened at $22.85 on Thursday. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 0.70 and a beta of 0.93. The business’s 50 day simple moving average is $20.06 and its 200-day simple moving average is $18.48. Perdoceo Education Co. has a 12 month low of $11.62 and a 12 month high of $24.66.

Perdoceo Education (NASDAQ:PRDOGet Free Report) last posted its 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. Perdoceo Education had a return on equity of 17.09% and a net margin of 22.35%. The company had revenue of $168.30 million for the quarter, compared to the consensus estimate of $163.30 million. During the same period in the previous year, the business earned $0.58 earnings per share. Perdoceo Education’s quarterly revenue was down 14.0% compared to the same quarter last year. On average, equities analysts anticipate that Perdoceo Education Co. will post 2.21 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, May 31st. This represents a $0.44 annualized dividend and a yield of 1.93%. Perdoceo Education’s dividend payout ratio (DPR) is currently 19.38%.

Perdoceo Education Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Perdoceo Education (NASDAQ:PRDO)

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