Robeco Institutional Asset Management B.V. grew its position in Perdoceo Education Co. (NASDAQ:PRDO – Get Rating) by 54.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 234,119 shares of the company’s stock after purchasing an additional 82,454 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.35% of Perdoceo Education worth $2,409,000 at the end of the most recent reporting period.
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Other large investors also recently made changes to their positions in the company. Advisor Group Holdings Inc. lifted its stake in shares of Perdoceo Education by 642.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 25,794 shares of the company’s stock worth $358,000 after buying an additional 22,322 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Perdoceo Education by 12.4% during the 1st quarter. JPMorgan Chase & Co. now owns 885,128 shares of the company’s stock valued at $10,160,000 after acquiring an additional 97,699 shares during the period. Citigroup Inc. grew its stake in shares of Perdoceo Education by 2.0% in the 1st quarter. Citigroup Inc. now owns 68,899 shares of the company’s stock worth $791,000 after acquiring an additional 1,331 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Perdoceo Education by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 38,316 shares of the company’s stock worth $440,000 after acquiring an additional 13,662 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Perdoceo Education by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 60,438 shares of the company’s stock valued at $694,000 after buying an additional 7,452 shares during the period. Institutional investors own 91.01% of the company’s stock.
Insider Transactions at Perdoceo Education
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 completion of the sale, the chairman now directly owns 941,504 shares in the company, valued at $12,484,343.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP John Robert Kline sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $14.76, for a total value of $147,600.00. Following the completion of the sale, the senior vice president now directly owns 151,998 shares of the company’s stock, valued at approximately $2,243,490.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Todd S. Nelson sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $13.26, for a total value of $331,500.00. Following the completion of the transaction, the chairman now directly owns 941,504 shares of the company’s stock, valued at $12,484,343.04. The disclosure for this sale can be found here. Insiders sold a total of 67,000 shares of company stock worth $915,740 over the last three months. 2.89% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several research analysts recently weighed in on PRDO shares. TheStreet upgraded shares of Perdoceo Education from a “c+” rating to a “b-” rating in a research report on Tuesday, November 22nd. StockNews.com initiated coverage on Perdoceo Education in a research report on Thursday, March 16th. They issued a “strong-buy” rating for the company. Finally, Barrington Research lifted their price objective on Perdoceo Education from $16.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, February 24th.
Perdoceo Education Price Performance
Shares of PRDO opened at $13.42 on Wednesday. The stock has a market capitalization of $901.56 million, a price-to-earnings ratio of 9.72, a price-to-earnings-growth ratio of 0.50 and a beta of 1.21. The business’s 50 day simple moving average is $14.13 and its 200-day simple moving average is $13.04. Perdoceo Education Co. has a 1 year low of $9.75 and a 1 year high of $15.65.
Perdoceo Education (NASDAQ:PRDO – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. Perdoceo Education had a return on equity of 16.04% and a net margin of 13.79%. The business had revenue of $176.15 million for the quarter, compared to the consensus estimate of $164.75 million. During the same quarter in the prior year, the company earned $0.40 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. On average, sell-side analysts expect that Perdoceo Education Co. will post 1.74 earnings per share for the current year.
Perdoceo Education Company Profile
Perdoceo Education Corp. engages in the provision of educational services. It operates through the following segments: Colorado Technical University (CTU) and American InterContinental University (AIU). The CTU segment offers academic programs in the disciplines of business studies, nursing, computer science, engineering, information systems and technology, cybersecurity and healthcare management.
Further Reading
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