Segall Bryant & Hamill LLC Sells 32,919 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Segall Bryant & Hamill LLC decreased its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 14.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 197,069 shares of the company’s stock after selling 32,919 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Perdoceo Education were worth $5,216,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Atria Investments Inc boosted its position in shares of Perdoceo Education by 3.6% during the fourth quarter. Atria Investments Inc now owns 10,886 shares of the company’s stock worth $288,000 after purchasing an additional 375 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Perdoceo Education by 227.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock worth $34,000 after buying an additional 913 shares during the period. Swiss National Bank lifted its holdings in Perdoceo Education by 0.8% during the fourth quarter. Swiss National Bank now owns 122,700 shares of the company’s stock worth $3,248,000 after acquiring an additional 1,000 shares in the last quarter. KBC Group NV grew its stake in Perdoceo Education by 47.5% in the fourth quarter. KBC Group NV now owns 3,696 shares of the company’s stock valued at $98,000 after acquiring an additional 1,190 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Perdoceo Education by 53.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company’s stock worth $103,000 after acquiring an additional 1,355 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on PRDO. Barrington Research lifted their price objective on Perdoceo Education from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. StockNews.com upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 11th.

Perdoceo Education Price Performance

PRDO stock opened at $25.69 on Friday. The stock has a market cap of $1.69 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 0.75 and a beta of 1.04. The stock has a 50-day moving average price of $26.73 and a two-hundred day moving average price of $25.21. Perdoceo Education Co. has a 1 year low of $16.56 and a 1 year 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.

Perdoceo Education (NASDAQ:PRDO) last announced its earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $176.43 million for the quarter, compared to analyst estimates of $160.12 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. Equities analysts forecast that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Todd S. Nelson sold 38,984 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $24.66, for a total transaction of $961,345.44. Following the sale, the chief executive officer now owns 644,047 shares in the company, valued at approximately $15,882,199.02. This represents a 5.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Elise Baskel sold 17,818 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $24.16, for a total value of $430,482.88. Following the completion of the transaction, the senior vice president now owns 93,354 shares of the company’s stock, valued at approximately $2,255,432.64. This represents a 16.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,658 shares of company stock worth $2,188,914. 1.81% of the stock is 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.