Perdoceo Education Co. (NASDAQ:PRDO) Shares Purchased by LSV Asset Management

LSV Asset Management lifted its holdings in Perdoceo Education Co. (NASDAQ:PRDO) by 59.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,934,961 shares of the company’s stock after acquiring an additional 721,122 shares during the quarter. LSV Asset Management’s holdings in Perdoceo Education were worth $33,978,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PRDO. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Perdoceo Education during the fourth quarter worth approximately $26,000. Planned Solutions Inc. acquired a new stake in Perdoceo Education in the fourth quarter valued at approximately $26,000. AJOVista LLC acquired a new stake in Perdoceo Education in the fourth quarter valued at approximately $81,000. Banque Cantonale Vaudoise lifted its stake in Perdoceo Education by 9.9% in the first quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company’s stock valued at $110,000 after acquiring an additional 565 shares during the last quarter. Finally, Commons Capital LLC acquired a new stake in Perdoceo Education in the fourth quarter valued at approximately $193,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, CFO Ashish R. Ghia sold 11,412 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $19.00, for a total transaction of $216,828.00. Following the transaction, 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 can be accessed through this link. Insiders own 1.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com cut shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 25th. Barrington Research boosted 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.

Perdoceo Education Stock Performance

NASDAQ PRDO traded up $0.17 during trading hours on Friday, reaching $21.70. 351,855 shares of the company’s stock were exchanged, compared to its average volume of 508,299. The company’s 50-day moving average is $22.20 and its two-hundred day moving average is $19.29. Perdoceo Education Co. has a one year low of $12.30 and a one year high of $24.66. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 0.63 and a beta of 1.02.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.07. The company 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 business’s quarterly revenue was down 14.0% on a year-over-year basis. During the same period last year, the business earned $0.58 EPS. Research analysts predict that Perdoceo Education Co. will post 2.21 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Friday, May 31st. Perdoceo Education’s dividend payout ratio is 19.38%.

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.