Perdoceo Education Corporation $PRDO Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its stake in Perdoceo Education Corporation (NASDAQ:PRDO) by 35.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,964 shares of the company’s stock after selling 24,331 shares during the quarter. Allianz Asset Management GmbH owned about 0.07% of Perdoceo Education worth $1,693,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of Perdoceo Education by 1.5% in the second quarter. American Century Companies Inc. now owns 1,820,262 shares of the company’s stock worth $59,504,000 after buying an additional 27,310 shares during the last quarter. Frontier Capital Management Co. LLC increased its position in shares of Perdoceo Education by 2.0% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,752,555 shares of the company’s stock valued at $57,291,000 after acquiring an additional 33,967 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Perdoceo Education by 49.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company’s stock valued at $38,964,000 after acquiring an additional 513,599 shares during the period. Copeland Capital Management LLC purchased a new position in Perdoceo Education in the 3rd quarter worth $35,497,000. Finally, Acadian Asset Management LLC lifted its position in Perdoceo Education by 110.8% during the 2nd quarter. Acadian Asset Management LLC now owns 923,698 shares of the company’s stock worth $30,173,000 after acquiring an additional 485,571 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Perdoceo Education Price Performance

Shares of NASDAQ PRDO opened at $30.47 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.47 and a quick ratio of 4.45. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 0.73 and a beta of 0.90. The firm’s 50 day simple moving average is $30.61 and its 200-day simple moving average is $31.96. Perdoceo Education Corporation has a 12 month low of $23.87 and a 12 month high of $38.02.

Analysts Set New Price Targets

PRDO has been the topic of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Perdoceo Education in a research note on Thursday, January 22nd. Barrington Research reiterated an “outperform” rating and issued a $42.00 target price on shares of Perdoceo Education in a research report on Monday, January 5th. Finally, Wall Street Zen downgraded shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $42.00.

Perdoceo Education Profile

Perdoceo Education Corporation (NASDAQ: PRDO) is a for-profit postsecondary education provider offering certificate, associate, bachelor’s and master’s degree programs. The company operates primarily through two brand platforms—Colorado Technical University and American InterContinental University—delivering career-focused education both on campus and online. These programs span fields such as business, information technology, healthcare and criminal justice, targeting working adults seeking to advance or pivot their careers.

With headquarters in Schaumburg, Illinois, Perdoceo serves students across the United States and internationally through its online offerings.