Yousif Capital Management LLC decreased its position in shares of Perdoceo Education Co. (NASDAQ:PRDO – Get Rating) by 22.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,626 shares of the company’s stock after selling 12,665 shares during the quarter. Yousif Capital Management LLC owned 0.06% of Perdoceo Education worth $593,000 at the end of the most recent quarter.
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Several other institutional investors have also modified their holdings of the company. Strs Ohio increased its holdings in shares of Perdoceo Education by 1.5% during the 3rd quarter. Strs Ohio now owns 65,900 shares of the company’s stock worth $678,000 after buying an additional 1,000 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Perdoceo Education by 2.0% during the 1st quarter. Citigroup Inc. now owns 68,899 shares of the company’s stock worth $791,000 after buying an additional 1,331 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of Perdoceo Education by 14.4% during the 2nd quarter. Mutual of America Capital Management LLC now owns 11,552 shares of the company’s stock worth $136,000 after buying an additional 1,450 shares during the last quarter. Captrust Financial Advisors increased its holdings in Perdoceo Education by 63.7% in the 1st quarter. Captrust Financial Advisors now owns 4,248 shares of the company’s stock valued at $49,000 after purchasing an additional 1,653 shares in the last quarter. Finally, Ronald Blue Trust Inc. increased its holdings in Perdoceo Education by 169.2% in the 3rd quarter. Ronald Blue Trust Inc. now owns 2,991 shares of the company’s stock valued at $35,000 after purchasing an additional 1,880 shares in the last quarter. Hedge funds and other institutional investors own 91.01% of the company’s stock.
Perdoceo Education Trading Up 0.3 %
PRDO opened at $12.99 on Friday. The business’s 50 day moving average is $13.91 and its 200-day moving average is $13.11. The stock has a market cap of $872.67 million, a PE ratio of 9.41, a price-to-earnings-growth ratio of 0.51 and a beta of 1.21. Perdoceo Education Co. has a twelve month low of $9.75 and a twelve month high of $15.65.
Perdoceo Education (NASDAQ:PRDO – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. The company had revenue of $176.15 million for the quarter, compared to analysts’ expectations of $164.75 million. Perdoceo Education had a return on equity of 16.04% and a net margin of 13.79%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 earnings per share. As a group, analysts forecast that Perdoceo Education Co. will post 1.74 EPS for the current year.
In related news, Chairman Todd S. Nelson sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $13.26, for a total transaction of $331,500.00. Following the sale, the chairman now owns 941,504 shares of the company’s stock, valued at $12,484,343.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Chairman Todd S. Nelson sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $13.26, for a total transaction of $331,500.00. Following the sale, the chairman now owns 941,504 shares of the company’s stock, valued at $12,484,343.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Leslie T. Thornton sold 16,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $13.76, for a total value of $220,160.00. Following the sale, the director now directly owns 40,484 shares in the company, valued at approximately $557,059.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 92,000 shares of company stock valued at $1,249,240. Insiders own 2.89% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on PRDO shares. StockNews.com started coverage on shares of Perdoceo Education in a research report on Thursday, March 16th. They issued a “strong-buy” rating for the company. Barrington Research lifted their target price on Perdoceo Education from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, February 24th.
Perdoceo Education Company Profile
Perdoceo Education Corp. engages in the provision of educational services. It operates through the Colorado Technical University (CTU) and American InterContinental University (AIU) segments. The CTU segment offers academic programs in the disciplines of business studies, nursing, computer science, engineering, information systems and technology, cybersecurity and healthcare management.
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