UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 19,809 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 268,554 shares of the company’s stock after selling 19,809 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Perdoceo Education were worth $5,973,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in Perdoceo Education by 38.7% during the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock valued at $38,000 after purchasing an additional 492 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Perdoceo Education by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 33,000 shares of the company’s stock valued at $707,000 after acquiring an additional 500 shares during the period. Royce & Associates LP lifted its holdings in shares of Perdoceo Education by 1.0% in the 3rd quarter. Royce & Associates LP now owns 85,631 shares of the company’s stock worth $1,904,000 after buying an additional 807 shares during the period. Lakewood Asset Management LLC lifted its holdings in shares of Perdoceo Education by 8.7% in the 3rd quarter. Lakewood Asset Management LLC now owns 15,300 shares of the company’s stock worth $340,000 after buying an additional 1,219 shares during the period. Finally, Quarry LP raised its position in shares of Perdoceo Education by 1,306.3% in the 2nd quarter. Quarry LP now owns 1,350 shares of the company’s stock worth $29,000 after acquiring an additional 1,254 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Buying and Selling

In other news, Director Patrick W. Gross sold 3,400 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $26.74, for a total value of $90,916.00. Following the sale, the director now directly owns 69,635 shares in the company, valued at approximately $1,862,039.90. This trade represents a 4.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Robert Kline sold 30,574 shares of Perdoceo Education stock in a transaction on Friday, November 15th. The stock was sold at an average price of $26.47, for a total transaction of $809,293.78. Following the sale, the senior vice president now owns 130,405 shares in the company, valued at $3,451,820.35. This represents a 18.99 % 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 Price Performance

Shares of Perdoceo Education stock opened at $27.53 on Wednesday. The business has a 50 day simple moving average of $23.96 and a two-hundred day simple moving average of $22.86. The stock has a market capitalization of $1.81 billion, a P/E ratio of 13.50, a PEG ratio of 0.79 and a beta of 1.07. Perdoceo Education Co. has a 12 month low of $16.12 and a 12 month high of $29.47.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. The company had revenue of $169.83 million during the quarter, compared to analysts’ expectations of $164.60 million. During the same quarter in the prior year, the company earned $0.64 EPS. Perdoceo Education’s revenue was down 5.6% compared to the same quarter last year. As a group, research analysts anticipate that Perdoceo Education Co. will post 2.27 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a dividend of $0.13 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.89%. Perdoceo Education’s payout ratio is currently 26.13%.

Wall Street Analyst Weigh In

PRDO has been the subject of several recent research reports. Barrington Research boosted their price target on Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Sunday.

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.