Putnam Investments LLC lessened its holdings in Perdoceo Education Co. (NASDAQ:PRDO – Get Rating) by 1.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 92,104 shares of the company’s stock after selling 1,687 shares during the period. Putnam Investments LLC owned 0.14% of Perdoceo Education worth $949,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Strs Ohio lifted its holdings in shares of Perdoceo Education by 1.5% in the third quarter. Strs Ohio now owns 65,900 shares of the company’s stock valued at $678,000 after purchasing an additional 1,000 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Perdoceo Education by 2.0% in the first quarter. Citigroup Inc. now owns 68,899 shares of the company’s stock valued at $791,000 after purchasing an additional 1,331 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Perdoceo Education by 14.4% in the second quarter. Mutual of America Capital Management LLC now owns 11,552 shares of the company’s stock valued at $136,000 after purchasing an additional 1,450 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Perdoceo Education by 63.7% in the first quarter. Captrust Financial Advisors now owns 4,248 shares of the company’s stock valued at $49,000 after purchasing an additional 1,653 shares in the last quarter. Finally, Ronald Blue Trust Inc. lifted its holdings in shares of Perdoceo Education by 169.2% in the third quarter. Ronald Blue Trust Inc. now owns 2,991 shares of the company’s stock valued at $35,000 after purchasing an additional 1,880 shares in the last quarter. Hedge funds and other institutional investors own 91.01% of the company’s stock.
Insider Buying and Selling
In related news, SVP John Robert Kline sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $14.76, for a total transaction of $147,600.00. Following the completion of the transaction, the senior vice president now owns 151,998 shares of the company’s stock, valued at $2,243,490.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP John Robert Kline sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $14.76, for a total transaction of $147,600.00. Following the completion of the transaction, the senior vice president now owns 151,998 shares of the company’s stock, valued at $2,243,490.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick W. Gross sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $13.53, for a total transaction of $216,480.00. Following the transaction, the director now directly owns 58,952 shares of the company’s stock, valued at approximately $797,620.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,000 shares of company stock valued at $584,240. Insiders own 2.89% of the company’s stock.
Analysts Set New Price Targets
Perdoceo Education Stock Performance
Shares of PRDO opened at $13.13 on Tuesday. The company has a market capitalization of $882.07 million, a price-to-earnings ratio of 9.51, a PEG ratio of 0.51 and a beta of 1.21. The company’s 50 day simple moving average is $14.26 and its 200 day simple moving average is $12.97. 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 announced its quarterly earnings data on Thursday, February 23rd. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03. Perdoceo Education had a net margin of 13.79% and a return on equity of 16.04%. 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 firm posted $0.40 earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities analysts expect that Perdoceo Education Co. will post 1.74 EPS for the current fiscal year.
About Perdoceo Education
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.
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