Royce & Associates LP Buys 807 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Royce & Associates LP grew its stake in Perdoceo Education Co. (NASDAQ:PRDO) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,631 shares of the company’s stock after acquiring an additional 807 shares during the period. Royce & Associates LP owned 0.13% of Perdoceo Education worth $1,904,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Boston Partners raised its position in Perdoceo Education by 979.2% in the 1st quarter. Boston Partners now owns 750,979 shares of the company’s stock worth $13,376,000 after purchasing an additional 681,391 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Perdoceo Education by 24.3% during the second quarter. Pacer Advisors Inc. now owns 2,650,123 shares of the company’s stock worth $56,766,000 after acquiring an additional 518,048 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Perdoceo Education by 944.8% during the second quarter. Millennium Management LLC now owns 246,659 shares of the company’s stock valued at $5,283,000 after acquiring an additional 223,050 shares during the period. Assenagon Asset Management S.A. bought a new position in Perdoceo Education in the second quarter valued at about $3,634,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Perdoceo Education in the second quarter worth about $2,519,000. 93.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Michele A. Peppers sold 6,476 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total transaction of $135,996.00. Following the completion of the sale, the insider now directly owns 61,952 shares of the company’s stock, valued at approximately $1,300,992. This represents a 9.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Robert Kline sold 30,574 shares of Perdoceo Education stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $26.47, for a total transaction of $809,293.78. Following the completion of the transaction, the senior vice president now directly owns 130,405 shares in the company, valued at approximately $3,451,820.35. The trade was a 18.99 % decrease in their position. The disclosure for this sale can be found here. 1.81% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PRDO has been the topic of several recent research reports. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th. Barrington Research raised their price objective on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th.

Perdoceo Education Trading Down 1.5 %

NASDAQ:PRDO opened at $26.40 on Wednesday. Perdoceo Education Co. has a 1-year low of $16.12 and a 1-year high of $29.47. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 0.78 and a beta of 1.04. The business’s 50-day moving average price is $22.48 and its two-hundred day moving average price is $22.51.

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

Perdoceo Education Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Monday, December 2nd. Perdoceo Education’s dividend payout ratio is currently 26.13%.

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.