LSV Asset Management Grows Stock Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

LSV Asset Management increased its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 117.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,213,839 shares of the company’s stock after acquiring an additional 656,280 shares during the period. LSV Asset Management’s holdings in Perdoceo Education were worth $21,315,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Pacer Advisors Inc. raised its position in shares of Perdoceo Education by 32.8% during the 4th quarter. Pacer Advisors Inc. now owns 1,602,905 shares of the company’s stock worth $28,147,000 after purchasing an additional 395,481 shares during the last quarter. Invesco Ltd. grew its stake in shares of Perdoceo Education by 59.0% during the 3rd quarter. Invesco Ltd. now owns 1,028,253 shares of the company’s stock valued at $17,583,000 after buying an additional 381,665 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in Perdoceo Education by 39.7% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 846,629 shares of the company’s stock worth $14,477,000 after purchasing an additional 240,526 shares during the period. Penserra Capital Management LLC purchased a new stake in Perdoceo Education during the 3rd quarter worth $2,518,000. Finally, American Century Companies Inc. boosted its position in Perdoceo Education by 10.2% during the 3rd quarter. American Century Companies Inc. now owns 1,034,888 shares of the company’s stock worth $17,697,000 after purchasing an additional 95,672 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Perdoceo Education Price Performance

Shares of PRDO stock opened at $24.36 on Tuesday. The firm has a market capitalization of $1.60 billion, a P/E ratio of 10.73, a P/E/G ratio of 0.73 and a beta of 0.93. The company’s fifty day moving average price is $18.04 and its two-hundred day moving average price is $17.79. Perdoceo Education Co. has a 12 month low of $11.62 and a 12 month high of $24.66.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Wednesday, May 1st. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.07. Perdoceo Education had a net margin of 22.35% and a return on equity of 17.09%. The business had revenue of $168.30 million for the quarter, compared to analyst estimates of $163.30 million. During the same quarter in the prior year, the business posted $0.58 EPS. The company’s revenue for the quarter was down 14.0% on a year-over-year basis. On average, sell-side analysts anticipate that Perdoceo Education Co. will post 2.21 EPS for the current year.

Perdoceo Education Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st will be paid a $0.11 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.44 dividend on an annualized basis and a yield of 1.81%. Perdoceo Education’s payout ratio is currently 19.38%.

Insider Buying and Selling at Perdoceo Education

In other news, CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $17.23, for a total transaction of $275,680.00. Following the sale, the chief executive officer now owns 713,367 shares of the company’s stock, valued at $12,291,313.41. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Todd S. Nelson sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $17.23, for a total transaction of $275,680.00. Following the sale, the chief executive officer now owns 713,367 shares of the company’s stock, valued at $12,291,313.41. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Ashish R. Ghia sold 11,412 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $19.00, for a total value of $216,828.00. Following the sale, the chief financial officer now directly owns 226,234 shares in the company, valued at approximately $4,298,446. The disclosure for this sale can be found here. Insiders sold a total of 75,412 shares of company stock worth $1,342,428 over the last ninety days. Company insiders own 1.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barrington Research upped their price target on shares of Perdoceo Education from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. StockNews.com lowered 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.