Segall Bryant & Hamill LLC Sells 1,843 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Segall Bryant & Hamill LLC lowered its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 0.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 229,988 shares of the company’s stock after selling 1,843 shares during the period. Segall Bryant & Hamill LLC’s holdings in Perdoceo Education were worth $5,115,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP grew its stake in Perdoceo Education by 1,306.3% in the 2nd quarter. Quarry LP now owns 1,350 shares of the company’s stock worth $29,000 after buying an additional 1,254 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Perdoceo Education by 38.7% during the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock worth $38,000 after acquiring an additional 492 shares during the last quarter. Quest Partners LLC purchased a new position in Perdoceo Education in the second quarter worth $39,000. Fifth Third Bancorp increased its stake in Perdoceo Education by 650.6% in the second quarter. Fifth Third Bancorp now owns 1,884 shares of the company’s stock valued at $40,000 after acquiring an additional 1,633 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in Perdoceo Education during the second quarter valued at about $74,000. Institutional investors own 93.46% of the company’s stock.

Insider Activity at Perdoceo Education

In related news, SVP John Robert Kline sold 30,574 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was 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 owns 130,405 shares in the company, valued at $3,451,820.35. This represents a 18.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patrick W. Gross sold 3,400 shares of Perdoceo Education stock in a transaction on Monday, November 18th. The shares were sold at an average price of $26.74, for a total transaction of $90,916.00. Following the completion of the sale, the director now owns 69,635 shares in the company, valued at approximately $1,862,039.90. This trade represents a 4.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,450 shares of company stock worth $1,036,206 in the last three months. 1.81% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PRDO shares. StockNews.com cut Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Friday. Barrington Research upped their target price on Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th.

Perdoceo Education Stock Up 1.9 %

NASDAQ PRDO opened at $27.33 on Friday. The company has a 50-day simple moving average of $22.79 and a two-hundred day simple moving average of $22.58. Perdoceo Education Co. has a 12-month low of $16.12 and a 12-month high of $29.47. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 0.78 and a beta of 1.04.

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

Perdoceo Education Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Monday, December 2nd. Perdoceo Education’s payout ratio is 26.13%.

About Perdoceo Education

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.