Victory Capital Management Inc. Sells 5,508 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Victory Capital Management Inc. lessened its position in Perdoceo Education Co. (NASDAQ:PRDO) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,311 shares of the company’s stock after selling 5,508 shares during the quarter. Victory Capital Management Inc.’s holdings in Perdoceo Education were worth $1,808,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Perdoceo Education by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 950,573 shares of the company’s stock worth $25,162,000 after purchasing an additional 5,748 shares during the last quarter. Bailard Inc. purchased a new stake in shares of Perdoceo Education in the fourth quarter worth approximately $217,000. Smartleaf Asset Management LLC lifted its stake in shares of Perdoceo Education by 227.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock worth $34,000 after acquiring an additional 913 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Perdoceo Education by 53.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company’s stock valued at $103,000 after acquiring an additional 1,355 shares during the period. Finally, Versor Investments LP bought a new position in Perdoceo Education in the 4th quarter valued at $222,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PRDO. Barrington Research increased their target price on Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 11th.

Insiders Place Their Bets

In related news, CEO Todd S. Nelson sold 12,472 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $26.29, for a total transaction of $327,888.88. Following the completion of the sale, the chief executive officer now directly owns 615,697 shares in the company, valued at $16,186,674.13. This represents a 1.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP John Robert Kline sold 12,148 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $25.79, for a total value of $313,296.92. Following the sale, the senior vice president now directly owns 130,405 shares in the company, valued at approximately $3,363,144.95. The trade was a 8.52 % decrease in their position. The disclosure for this sale can be found here. 1.81% of the stock is owned by company insiders.

Perdoceo Education Stock Performance

Perdoceo Education stock opened at $24.91 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. The company has a market capitalization of $1.64 billion, a PE ratio of 11.32, a P/E/G ratio of 0.75 and a beta of 1.04. The company has a 50 day moving average price of $26.97 and a 200-day moving average price of $25.09. Perdoceo Education Co. has a fifty-two week low of $16.56 and a fifty-two week high of $29.84.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The business had revenue of $176.43 million during the quarter, compared to analyst estimates of $160.12 million. As a group, equities analysts forecast that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.09%. The ex-dividend date was Friday, February 28th. Perdoceo Education’s payout ratio is 23.64%.

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.