Perdoceo Education Co. (NASDAQ:PRDO) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,579 shares of the company’s stock after selling 626 shares during the period. California State Teachers Retirement System owned approximately 0.09% of Perdoceo Education worth $1,551,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PRDO. Barclays PLC increased its stake in Perdoceo Education by 353.5% during the third quarter. Barclays PLC now owns 110,622 shares of the company’s stock worth $2,460,000 after acquiring an additional 86,227 shares during the last quarter. KBC Group NV increased its stake in Perdoceo Education by 47.5% during the fourth quarter. KBC Group NV now owns 3,696 shares of the company’s stock worth $98,000 after acquiring an additional 1,190 shares during the last quarter. Vest Financial LLC increased its position in Perdoceo Education by 39.2% during the 4th quarter. Vest Financial LLC now owns 92,870 shares of the company’s stock worth $2,458,000 after purchasing an additional 26,142 shares in the last quarter. Polaris Capital Management LLC increased its position in Perdoceo Education by 26.0% during the 4th quarter. Polaris Capital Management LLC now owns 54,800 shares of the company’s stock worth $1,451,000 after purchasing an additional 11,300 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Perdoceo Education by 3.5% during the 4th quarter. Principal Financial Group Inc. now owns 318,963 shares of the company’s stock worth $8,443,000 after purchasing an additional 10,680 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Perdoceo Education Price Performance

Shares of PRDO opened at $33.00 on Monday. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 0.75 and a beta of 0.85. The stock has a 50 day moving average of $28.70 and a 200-day moving average of $27.43. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01. Perdoceo Education Co. has a 52 week low of $20.23 and a 52 week high of $34.60.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.66 by $0.04. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The business had revenue of $213.00 million during the quarter, compared to analyst estimates of $207.97 million. During the same period in the previous year, the business posted $0.60 EPS. The company’s quarterly revenue was up 26.6% on a year-over-year basis. As a group, analysts forecast that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Sunday, June 1st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.58%. Perdoceo Education’s dividend payout ratio is currently 23.01%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PRDO shares. Barrington Research increased their target price on Perdoceo Education from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday. Wall Street Zen lowered Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 5th.

Insider Activity at Perdoceo Education

In other news, SVP Elise Baskel sold 17,818 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $24.16, for a total transaction of $430,482.88. Following the completion of the transaction, the senior vice president now owns 93,354 shares of the company’s stock, valued at approximately $2,255,432.64. The trade was a 16.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Julia A. Leeman sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $32.07, for a total transaction of $160,350.00. Following the transaction, the senior vice president now directly owns 29,677 shares of the company’s stock, valued at $951,741.39. The trade was a 14.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,116 shares of company stock worth $3,895,709 in the last 90 days. 2.11% of the stock is currently owned by company insiders.

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.