Barclays PLC Raises Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Barclays PLC boosted its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 114,578 shares of the company’s stock after buying an additional 3,956 shares during the quarter. Barclays PLC owned approximately 0.17% of Perdoceo Education worth $3,033,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PRDO. World Investment Advisors LLC purchased a new position in Perdoceo Education in the third quarter worth $647,000. Franklin Resources Inc. lifted its stake in shares of Perdoceo Education by 9.6% during the third quarter. Franklin Resources Inc. now owns 278,091 shares of the company’s stock worth $5,954,000 after buying an additional 24,434 shares during the period. DGS Capital Management LLC lifted its stake in shares of Perdoceo Education by 7.4% during the third quarter. DGS Capital Management LLC now owns 46,088 shares of the company’s stock worth $1,025,000 after buying an additional 3,193 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Perdoceo Education by 3.0% during the third quarter. JPMorgan Chase & Co. now owns 582,180 shares of the company’s stock worth $12,948,000 after buying an additional 16,720 shares during the period. Finally, Inspire Investing LLC acquired a new stake in shares of Perdoceo Education during the fourth quarter worth $818,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Perdoceo Education Trading Up 1.0 %

NASDAQ PRDO opened at $25.22 on Wednesday. The company has a market capitalization of $1.65 billion, a PE ratio of 11.46, a P/E/G ratio of 0.75 and a beta of 0.87. The company has a fifty day moving average of $25.32 and a 200 day moving average of $25.87. Perdoceo Education Co. has a 1 year low of $18.10 and a 1 year high of $29.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45.

Perdoceo Education (NASDAQ:PRDO) last posted its earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $176.43 million during the quarter, compared to the consensus estimate of $160.12 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. Research analysts forecast that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 2.06%. Perdoceo Education’s dividend payout ratio is presently 23.64%.

Insiders Place Their Bets

In other Perdoceo Education news, CFO Ashish R. Ghia sold 35,677 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $25.83, for a total value of $921,536.91. Following the sale, the chief financial officer now directly owns 204,477 shares of the company’s stock, valued at approximately $5,281,640.91. This trade represents a 14.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Todd S. Nelson sold 38,984 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $24.66, for a total value of $961,345.44. Following the completion of the sale, the chief executive officer now directly owns 644,047 shares in the company, valued at approximately $15,882,199.02. The trade was a 5.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,691 shares of company stock worth $2,774,669. Company insiders own 2.11% of the company’s stock.

Analysts Set New Price Targets

PRDO has been the subject of several research reports. Barrington Research reiterated an “outperform” rating and set a $35.00 price objective on shares of Perdoceo Education in a research note on Thursday, April 24th. StockNews.com upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 11th.

Perdoceo Education Company 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.