6 days Ago By ABMN Staff
Geode Capital Management LLC lifted its holdings in shares of Perdoceo Education Co. ( NASDAQ:PRDO – Free Report ) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 1,817,982 shares of the company’s stock after acquiring an additional 14,591 shares during the quarter. Geode Capital Management LLC owned approximately 2.77% of Perdoceo Education worth $48,129,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP bought a new position in Perdoceo Education in the 3rd quarter worth $9,374,000. Barclays PLC lifted its holdings in Perdoceo Education by 353.
5% in the third quarter. Barclays PLC now owns 110,622 shares of the company’s stock worth $2,460,000 after buying an additional 86,227 shares during the period. Franklin Resources Inc.
boosted its position in Perdoceo Education by 9.6% during the 3rd quarter. Franklin Resources Inc.
now owns 278,091 shares of the company’s stock valued at $5,954,000 after acquiring an additional 24,434 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Perdoceo Education by 3.
0% during the 3rd quarter. JPMorgan Chase & Co. now owns 582,180 shares of the company’s stock worth $12,948,000 after acquiring an additional 16,720 shares during the period.
Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Perdoceo Education in the 4th quarter worth approximately $358,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Insider Transactions at Perdoceo Education In other news, SVP Elise Baskel sold 17,818 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $24.16, for a total transaction of $430,482.
88. Following the completion of the sale, the senior vice president now owns 93,354 shares of the company’s stock, valued at $2,255,432.64.
This represents a 16.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link .
Also, CFO Ashish R. Ghia sold 35,677 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $25.
83, for a total transaction of $921,536.91. Following the completion of the transaction, the chief financial officer now directly owns 204,477 shares in the company, valued at approximately $5,281,640.
91. The trade was a 14.86 % decrease in their position.
The disclosure for this sale can be found here . Insiders sold 110,691 shares of company stock worth $2,774,669 over the last quarter. 1.
81% of the stock is currently owned by insiders. Perdoceo Education Price Performance Perdoceo Education ( NASDAQ:PRDO – Get Free Report ) last posted its quarterly earnings data 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 company had revenue of $176.43 million during the quarter, compared to analyst estimates of $160.12 million.
Analysts expect that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.
Perdoceo Education Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were issued a $0.13 dividend.
The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 2.
02%. Perdoceo Education’s payout ratio is currently 23.64%.
Wall Street Analyst Weigh In Several equities research analysts recently weighed in on the company. StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 11th.
Barrington Research boosted their target price on shares of Perdoceo Education from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th.
Check Out Our Latest Report on PRDO Perdoceo Education Company Profile ( Free Report ) 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.
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