Parkside Financial Bank & Trust Purchases 1,355 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Parkside Financial Bank & Trust increased its position in Perdoceo Education Co. (NASDAQ:PRDO) by 53.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,875 shares of the company’s stock after purchasing an additional 1,355 shares during the period. Parkside Financial Bank & Trust’s holdings in Perdoceo Education were worth $103,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PRDO. Victory Capital Management Inc. lifted its stake in Perdoceo Education by 71.3% during the 3rd quarter. Victory Capital Management Inc. now owns 73,819 shares of the company’s stock valued at $1,642,000 after acquiring an additional 30,725 shares during the period. Wellington Management Group LLP bought a new position in Perdoceo Education during the 3rd quarter valued at about $9,374,000. Geode Capital Management LLC lifted its stake in Perdoceo Education by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,803,391 shares of the company’s stock valued at $40,114,000 after acquiring an additional 33,092 shares during the period. Quest Partners LLC lifted its stake in Perdoceo Education by 1,107.5% during the 3rd quarter. Quest Partners LLC now owns 22,012 shares of the company’s stock valued at $490,000 after acquiring an additional 20,189 shares during the period. Finally, Barclays PLC lifted its stake in Perdoceo Education by 353.5% during the 3rd quarter. Barclays PLC now owns 110,622 shares of the company’s stock valued at $2,460,000 after acquiring an additional 86,227 shares during the period. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, CEO Todd S. Nelson sold 12,472 shares of the stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John Robert Kline sold 12,148 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was 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 of the company’s stock, valued at $3,363,144.95. This represents a 8.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.81% of the company’s stock.

Perdoceo Education Price Performance

NASDAQ PRDO opened at $25.60 on Monday. Perdoceo Education Co. has a 52 week low of $16.56 and a 52 week high of $29.84. The firm has a market capitalization of $1.69 billion, a P/E ratio of 11.64, a PEG ratio of 0.75 and a beta of 1.07. 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 50-day moving average price of $27.24 and a 200-day moving average price of $24.90.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 EPS for the quarter, beating 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 analyst estimates of $160.12 million. Equities research analysts anticipate that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Friday, February 28th. Perdoceo Education’s payout ratio is currently 23.64%.

Perdoceo Education 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.