Perdoceo Education Co. (NASDAQ:PRDO) Shares Acquired by Boston Partners

Boston Partners boosted its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 979.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 750,979 shares of the company’s stock after purchasing an additional 681,391 shares during the period. Boston Partners owned approximately 1.14% of Perdoceo Education worth $13,376,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AJOVista LLC acquired a new stake in Perdoceo Education in the fourth quarter valued at $81,000. Banque Cantonale Vaudoise increased its stake in 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 purchasing an additional 565 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Perdoceo Education by 7.4% during the first quarter. ProShare Advisors LLC now owns 13,180 shares of the company’s stock worth $231,000 after purchasing an additional 906 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in shares of Perdoceo Education in the 4th quarter valued at about $281,000. Finally, AXS Investments LLC acquired a new stake in Perdoceo Education in the 4th quarter valued at approximately $291,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Perdoceo Education Stock Performance

PRDO traded down $0.62 during trading on Friday, reaching $23.97. The company had a trading volume of 418,424 shares, compared to its average volume of 414,055. Perdoceo Education Co. has a 12-month low of $13.75 and a 12-month high of $26.40. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 0.74 and a beta of 1.02. The firm’s 50-day simple moving average is $22.26 and its 200 day simple moving average is $19.99.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Perdoceo Education had a net margin of 20.57% and a return on equity of 16.42%. The business had revenue of $166.74 million for the quarter, compared to analyst estimates of $160.91 million. During the same quarter in the previous year, the business earned $0.61 earnings per share. The firm’s revenue was down 10.6% compared to the same quarter last year. On average, sell-side analysts expect that Perdoceo Education Co. will post 2.21 EPS for the current year.

Perdoceo Education Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Sunday, September 1st will be issued a dividend of $0.13 per share. This is a boost from Perdoceo Education’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, August 30th. Perdoceo Education’s payout ratio is currently 19.38%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barrington Research upped their price target on shares of Perdoceo Education from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday. StockNews.com downgraded shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 25th.

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.