Dimensional Fund Advisors LP grew its stake in Perdoceo Education Corporation (NASDAQ:PRDO – Free Report) by 2.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,907,383 shares of the company’s stock after buying an additional 108,727 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Perdoceo Education worth $145,395,000 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. KBC Group NV increased its stake in shares of Perdoceo Education by 432.4% during the first quarter. KBC Group NV now owns 14,130 shares of the company’s stock worth $526,000 after buying an additional 11,476 shares during the period. Copeland Capital Management LLC lifted its stake in Perdoceo Education by 8.0% in the first quarter. Copeland Capital Management LLC now owns 1,854,135 shares of the company’s stock worth $68,992,000 after acquiring an additional 137,285 shares during the last quarter. Assetmark Inc. lifted its stake in Perdoceo Education by 9.8% in the first quarter. Assetmark Inc. now owns 125,728 shares of the company’s stock worth $4,678,000 after acquiring an additional 11,194 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Perdoceo Education by 11.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 34,596 shares of the company’s stock worth $1,306,000 after acquiring an additional 3,565 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in Perdoceo Education by 71.0% during the 1st quarter. Sanctuary Advisors LLC now owns 38,291 shares of the company’s stock worth $1,425,000 after acquiring an additional 15,905 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.
Perdoceo Education Stock Performance
Shares of NASDAQ PRDO opened at $30.36 on Monday. Perdoceo Education Corporation has a fifty-two week low of $26.66 and a fifty-two week high of $38.50. The firm has a market capitalization of $1.90 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 0.65 and a beta of 0.70. The stock’s 50-day simple moving average is $33.33 and its 200-day simple moving average is $33.67.
Perdoceo Education Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, June 1st. Perdoceo Education’s payout ratio is currently 22.99%.
Insider Activity at Perdoceo Education
In other news, Director Kenda B. Gonzales sold 9,308 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $34.79, for a total value of $323,825.32. Following the completion of the transaction, the director owned 48,158 shares in the company, valued at approximately $1,675,416.82. This represents a 16.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michele A. Peppers sold 14,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $34.50, for a total transaction of $483,000.00. Following the completion of the transaction, the insider directly owned 35,748 shares in the company, valued at $1,233,306. This trade represents a 28.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 38,270 shares of company stock worth $1,336,193. Corporate insiders own 1.46% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on PRDO shares. Zacks Research lowered shares of Perdoceo Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a research report on Friday, July 17th. Finally, Barrington Research set a $44.00 target price on shares of Perdoceo Education in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $44.00.
View Our Latest Research Report on PRDO
About Perdoceo Education
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.
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