Boston Partners Acquires 352,470 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Boston Partners lifted its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 41.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,209,899 shares of the company’s stock after purchasing an additional 352,470 shares during the period. Boston Partners owned about 1.84% of Perdoceo Education worth $32,379,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in Perdoceo Education by 227.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock valued at $34,000 after buying an additional 913 shares during the period. R Squared Ltd purchased a new stake in Perdoceo Education during the 4th quarter valued at $60,000. KBC Group NV boosted its position in Perdoceo Education by 47.5% during the 4th quarter. KBC Group NV now owns 3,696 shares of the company’s stock valued at $98,000 after buying an additional 1,190 shares during the period. Parkside Financial Bank & Trust boosted its position 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 buying an additional 1,355 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in Perdoceo Education during the 3rd quarter valued at $114,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

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

Perdoceo Education Trading Up 2.1 %

NASDAQ:PRDO opened at $24.80 on Thursday. The company has a 50-day moving average price of $26.91 and a 200-day moving average price of $25.10. Perdoceo Education Co. has a 12 month low of $16.56 and a 12 month high of $29.84. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 0.75 and a beta of 1.04.

Perdoceo Education (NASDAQ:PRDO) last posted its earnings results on Tuesday, February 18th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The firm had revenue of $176.43 million during the quarter, compared to analysts’ expectations of $160.12 million. Equities analysts predict that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 2.10%. Perdoceo Education’s dividend payout ratio (DPR) is currently 23.64%.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, 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 transaction of $313,296.92. Following the completion of the sale, the senior vice president now directly owns 130,405 shares in the company, valued at approximately $3,363,144.95. This trade represents a 8.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Todd S. Nelson sold 12,472 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total transaction of $327,888.88. Following the sale, the chief executive officer now owns 615,697 shares of the company’s stock, valued at approximately $16,186,674.13. This represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.81% of the stock is currently owned by corporate insiders.

Perdoceo Education Company 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.