Allspring Global Investments Holdings LLC Decreases Stock Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Allspring Global Investments Holdings LLC decreased its position in Perdoceo Education Co. (NASDAQ:PRDOFree Report) by 39.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,838 shares of the company’s stock after selling 49,273 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.12% of Perdoceo Education worth $1,332,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PRDO. DGS Capital Management LLC increased its position in shares of Perdoceo Education by 9.9% during the first quarter. DGS Capital Management LLC now owns 40,582 shares of the company’s stock valued at $713,000 after buying an additional 3,671 shares during the period. Banque Cantonale Vaudoise increased its position in shares of Perdoceo Education by 9.9% during the first quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company’s stock valued at $110,000 after buying an additional 565 shares during the period. Los Angeles Capital Management LLC increased its position in shares of Perdoceo Education by 15.6% during the first quarter. Los Angeles Capital Management LLC now owns 63,473 shares of the company’s stock valued at $1,115,000 after buying an additional 8,567 shares during the period. Vanguard Group Inc. increased its position in shares of Perdoceo Education by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 5,850,998 shares of the company’s stock valued at $102,744,000 after buying an additional 25,197 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Perdoceo Education by 43.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,217,547 shares of the company’s stock valued at $21,380,000 after buying an additional 366,202 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Perdoceo Education Trading Up 0.3 %

PRDO opened at $21.36 on Friday. Perdoceo Education Co. has a 1-year low of $12.01 and a 1-year high of $24.66. The company has a market capitalization of $1.40 billion, a PE ratio of 9.41, a PEG ratio of 0.64 and a beta of 1.02. The firm’s 50 day simple moving average is $22.09 and its two-hundred day simple moving average is $19.18.

Perdoceo Education (NASDAQ:PRDOGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. The firm had revenue of $168.30 million during the quarter, compared to analysts’ expectations of $163.30 million. Perdoceo Education had a net margin of 22.35% and a return on equity of 17.09%. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.58 earnings per share. Equities analysts forecast that Perdoceo Education Co. will post 2.21 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st were given a dividend of $0.11 per share. The ex-dividend date was Friday, May 31st. This represents a $0.44 annualized dividend and a yield of 2.06%. Perdoceo Education’s dividend payout ratio (DPR) is currently 19.38%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PRDO shares. StockNews.com cut shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 25th. Barrington Research upped their target price on shares of Perdoceo Education from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd.

Get Our Latest Stock Report on Perdoceo Education

Insider Buying and Selling at Perdoceo Education

In other news, CFO Ashish R. Ghia sold 11,412 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $19.00, for a total value of $216,828.00. Following the completion of the sale, the chief financial officer now owns 226,234 shares in the company, valued at approximately $4,298,446. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.81% of the stock is owned by company insiders.

Perdoceo Education Company 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.

See Also

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

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