Vest Financial LLC Has $3.39 Million Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Vest Financial LLC lifted its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 45.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 134,804 shares of the company’s stock after purchasing an additional 41,934 shares during the quarter. Vest Financial LLC owned approximately 0.20% of Perdoceo Education worth $3,394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of PRDO. Barclays PLC boosted its stake in Perdoceo Education by 353.5% during the third quarter. Barclays PLC now owns 110,622 shares of the company’s stock worth $2,460,000 after buying an additional 86,227 shares in the last quarter. KBC Group NV boosted its position 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 valued at $98,000 after acquiring an additional 1,190 shares in the last quarter. Polaris Capital Management LLC boosted its position in shares of Perdoceo Education by 26.0% during the 4th quarter. Polaris Capital Management LLC now owns 54,800 shares of the company’s stock valued at $1,451,000 after acquiring an additional 11,300 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Perdoceo Education by 3.5% during the 4th quarter. Principal Financial Group Inc. now owns 318,963 shares of the company’s stock valued at $8,443,000 after acquiring an additional 10,680 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in Perdoceo Education by 18.5% during the fourth quarter. Sanctuary Advisors LLC now owns 43,991 shares of the company’s stock valued at $1,260,000 after purchasing an additional 6,875 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Perdoceo Education Price Performance

Perdoceo Education stock opened at $33.00 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. The firm has a market cap of $2.16 billion, a P/E ratio of 15.00, a P/E/G ratio of 0.75 and a beta of 0.85. The business’s fifty day moving average is $28.70 and its two-hundred day moving average is $27.42. Perdoceo Education Co. has a 52 week low of $20.23 and a 52 week high of $34.60.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.04. The business had revenue of $213.00 million for the quarter, compared to the consensus estimate of $207.97 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. Equities research analysts forecast that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Sunday, June 1st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, May 30th. Perdoceo Education’s payout ratio is currently 23.01%.

Analyst Upgrades and Downgrades

PRDO has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 5th. Barrington Research boosted their price target on shares of Perdoceo Education from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, SVP Sunitha Araamudhu sold 14,296 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $30.69, for a total value of $438,744.24. Following the sale, the senior vice president now owns 34,891 shares in the company, valued at approximately $1,070,804.79. The trade was a 29.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Elise Baskel sold 17,818 shares of the business’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 sale, the senior vice president now owns 93,354 shares in the company, valued at $2,255,432.64. The trade was a 16.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,116 shares of company stock valued at $3,895,709. 2.11% of the stock is currently owned by corporate insiders.

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.