Truist Financial Corp trimmed its position in Perdoceo Education Co. (NASDAQ:PRDO – Free Report) by 3.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 29,871 shares of the company’s stock after selling 964 shares during the period. Truist Financial Corp’s holdings in Perdoceo Education were worth $525,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Planned Solutions Inc. acquired a new position in Perdoceo Education in the fourth quarter worth $26,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Perdoceo Education in the 4th quarter valued at about $26,000. Commons Capital LLC bought a new stake in shares of Perdoceo Education during the 4th quarter valued at about $193,000. Fox Run Management L.L.C. acquired a new stake in Perdoceo Education during the third quarter worth about $208,000. Finally, Diversified Trust Co bought a new position in Perdoceo Education in the fourth quarter worth about $231,000. 93.46% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Perdoceo Education
In other Perdoceo Education news, CEO Todd S. Nelson sold 16,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $17.23, for a total transaction of $275,680.00. Following the sale, the chief executive officer now directly owns 713,367 shares in the company, valued at approximately $12,291,313.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 company’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 completion of the sale, the chief financial officer now owns 226,234 shares of the company’s stock, valued at $4,298,446. The disclosure for this sale can be found here. Insiders sold 75,412 shares of company stock worth $1,342,428 in the last 90 days. Corporate insiders own 1.81% of the company’s stock.
Perdoceo Education Stock Up 1.1 %
Perdoceo Education stock opened at $23.81 on Friday. The firm has a 50-day moving average price of $19.04 and a two-hundred day moving average price of $18.12. Perdoceo Education Co. has a 52-week low of $11.62 and a 52-week high of $24.66. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 0.72 and a beta of 0.93.
Perdoceo Education (NASDAQ:PRDO – Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. The business had revenue of $168.30 million during the quarter, compared to analyst estimates of $163.30 million. Perdoceo Education had a return on equity of 17.09% and a net margin of 22.35%. The business’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.58 EPS. Research analysts expect that Perdoceo Education Co. will post 2.21 earnings per share for the current year.
Perdoceo Education Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Saturday, June 1st will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Friday, May 31st. Perdoceo Education’s dividend payout ratio is currently 19.38%.
Wall Street Analyst Weigh In
PRDO has been the subject of several recent research reports. StockNews.com lowered Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 25th. Barrington Research upped their price objective on Perdoceo Education from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd.
Get Our Latest Research Report on Perdoceo Education
Perdoceo Education 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.
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Source: defenseworld.net
