Mackenzie Financial Corp Sells 3,717 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Mackenzie Financial Corp reduced its position in Perdoceo Education Co. (NASDAQ:PRDO) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 145,047 shares of the company’s stock after selling 3,717 shares during the quarter. Mackenzie Financial Corp owned approximately 0.22% of Perdoceo Education worth $2,547,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its holdings 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 acquiring an additional 395,481 shares during the period. Invesco Ltd. lifted its stake in Perdoceo Education by 59.0% during the third quarter. Invesco Ltd. now owns 1,028,253 shares of the company’s stock worth $17,583,000 after purchasing an additional 381,665 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in shares of Perdoceo Education by 39.7% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 846,629 shares of the company’s stock valued at $14,477,000 after purchasing an additional 240,526 shares during the period. Penserra Capital Management LLC acquired a new position in shares of Perdoceo Education in the 3rd quarter worth approximately $2,518,000. Finally, American Century Companies Inc. lifted its position in shares of 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 buying an additional 95,672 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling at Perdoceo Education

In other news, CEO Todd S. Nelson sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $18.50, for a total transaction of $296,000.00. Following the transaction, the chief executive officer now directly owns 685,098 shares in the company, valued at $12,674,313. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Todd S. Nelson sold 16,000 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $18.50, for a total transaction of $296,000.00. Following the transaction, the chief executive officer now owns 685,098 shares of the company’s stock, valued at $12,674,313. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Todd S. Nelson sold 9,500 shares of Perdoceo Education stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $18.50, for a total value of $175,750.00. Following the completion of the sale, the chief executive officer now owns 685,098 shares of the company’s stock, valued at $12,674,313. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,500 shares of company stock worth $2,189,350. 1.81% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PRDO shares. StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 19th. Barrington Research reiterated an “outperform” rating and set a $23.00 target price on shares of Perdoceo Education in a research report on Monday, April 15th.

Perdoceo Education Trading Up 1.0 %

NASDAQ:PRDO opened at $17.50 on Tuesday. The stock has a market capitalization of $1.15 billion, a P/E ratio of 8.03, a price-to-earnings-growth ratio of 0.54 and a beta of 0.96. Perdoceo Education Co. has a 1 year low of $11.50 and a 1 year high of $19.62. The firm has a 50 day moving average of $17.49 and a 200-day moving average of $17.61.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $147.30 million during the quarter, compared to the consensus estimate of $146.20 million. Perdoceo Education had a return on equity of 17.63% and a net margin of 20.80%. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. As a group, analysts forecast that Perdoceo Education Co. will post 2.12 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Thursday, February 29th. Perdoceo Education’s dividend payout ratio is currently 20.18%.

About Perdoceo Education

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.