Empowered Funds LLC Has $10.80 Million Stock Position in Perdoceo Education Co. (NASDAQ:PRDO)

Empowered Funds LLC increased its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 1.2% in the third quarter, Holdings Channel reports. The firm owned 485,552 shares of the company’s stock after buying an additional 5,571 shares during the quarter. Empowered Funds LLC’s holdings in Perdoceo Education were worth $10,799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Royce & Associates LP increased its stake in shares of Perdoceo Education by 1.0% in the 3rd quarter. Royce & Associates LP now owns 85,631 shares of the company’s stock valued at $1,904,000 after acquiring an additional 807 shares during the last quarter. Victory Capital Management Inc. increased its stake in Perdoceo Education by 71.3% in the third quarter. Victory Capital Management Inc. now owns 73,819 shares of the company’s stock valued at $1,642,000 after purchasing an additional 30,725 shares in the last quarter. Atria Investments Inc acquired a new stake in Perdoceo Education in the third quarter worth $234,000. Assetmark Inc. boosted its position in shares of Perdoceo Education by 8.1% during the third quarter. Assetmark Inc. now owns 97,626 shares of the company’s stock worth $2,171,000 after purchasing an additional 7,328 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Perdoceo Education by 3,465.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,275 shares of the company’s stock valued at $140,000 after buying an additional 6,099 shares during the period. Institutional investors own 93.46% of the company’s stock.

Insider Activity

In other news, insider Michele A. Peppers sold 6,476 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total transaction of $135,996.00. Following the completion of the transaction, the insider now directly owns 61,952 shares in the company, valued at $1,300,992. This represents a 9.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.81% of the stock is owned by corporate insiders.

Perdoceo Education Stock Up 1.0 %

Shares of NASDAQ:PRDO opened at $26.55 on Friday. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 0.82 and a beta of 1.04. Perdoceo Education Co. has a 12 month low of $16.12 and a 12 month high of $29.47. The company’s fifty day simple moving average is $22.27 and its 200 day simple moving average is $22.41.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. The firm had revenue of $169.83 million for the quarter, compared to the consensus estimate of $164.60 million. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. Research analysts expect that Perdoceo Education Co. will post 2.27 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.52 annualized dividend and a dividend yield of 1.96%. Perdoceo Education’s dividend payout ratio is currently 26.13%.

Analysts Set New Price Targets

PRDO has been the topic of several recent analyst reports. StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Thursday. Barrington Research lifted their price objective on Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday.

Perdoceo Education Company 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.