American Century Companies Inc. Has $43.07 Million Stake in Perdoceo Education Co. (NASDAQ:PRDO)

American Century Companies Inc. grew its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,627,190 shares of the company’s stock after acquiring an additional 79,686 shares during the period. American Century Companies Inc.’s holdings in Perdoceo Education were worth $43,072,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in shares of 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 purchasing an additional 913 shares in the last quarter. R Squared Ltd bought a new position in shares of Perdoceo Education during the 4th quarter worth approximately $60,000. KBC Group NV boosted its holdings in shares of Perdoceo Education by 47.5% during the 4th quarter. KBC Group NV now owns 3,696 shares of the company’s stock worth $98,000 after buying an additional 1,190 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Perdoceo Education by 53.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company’s stock worth $103,000 after buying an additional 1,355 shares during the period. Finally, Point72 DIFC Ltd bought a new stake in shares of Perdoceo Education in the 3rd quarter valued at $114,000. 93.46% of the stock is owned by institutional investors.

Perdoceo Education Trading Up 1.7 %

NASDAQ PRDO opened at $25.69 on Friday. Perdoceo Education Co. has a 52 week low of $16.56 and a 52 week high of $29.84. The business has a 50 day moving average price of $26.73 and a 200-day moving average price of $25.21. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 0.75 and a beta of 1.04.

Perdoceo Education (NASDAQ:PRDO) last released 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. The firm had revenue of $176.43 million for the quarter, compared to analyst estimates of $160.12 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. As a group, equities analysts expect that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Friday, February 28th. Perdoceo Education’s dividend payout ratio is currently 23.64%.

Analysts Set New Price Targets

Several brokerages recently issued reports on PRDO. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Barrington Research increased their price objective on shares of Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th.

Insider Transactions at Perdoceo Education

In other Perdoceo Education news, CEO Todd S. Nelson sold 12,472 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total value of $327,888.88. Following the completion of the sale, the chief executive officer now directly owns 615,697 shares of the company’s stock, valued at approximately $16,186,674.13. This represents a 1.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Ashish R. Ghia sold 6,236 shares of Perdoceo Education stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $25.00, for a total transaction of $155,900.00. Following the transaction, the chief financial officer now directly owns 252,130 shares in the company, valued at approximately $6,303,250. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 87,658 shares of company stock valued at $2,188,914 over the last ninety days. 1.81% of the stock is currently owned by 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.