Perdoceo Education Co. (NASDAQ:PRDO) Stock Position Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 0.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 356,848 shares of the company’s stock after buying an additional 3,094 shares during the quarter. Principal Financial Group Inc. owned 0.54% of Perdoceo Education worth $6,266,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. DGS Capital Management LLC raised its stake in shares of Perdoceo Education by 9.9% during the 1st quarter. DGS Capital Management LLC now owns 40,582 shares of the company’s stock worth $713,000 after purchasing an additional 3,671 shares in the last quarter. Banque Cantonale Vaudoise increased its stake in shares of Perdoceo Education by 9.9% in the 1st quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company’s stock valued at $110,000 after buying an additional 565 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of Perdoceo Education by 15.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 63,473 shares of the company’s stock valued at $1,115,000 after buying an additional 8,567 shares during the period. Vanguard Group Inc. increased its stake in shares of Perdoceo Education by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 5,850,998 shares of the company’s stock valued at $102,744,000 after buying an additional 25,197 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Perdoceo Education by 43.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,217,547 shares of the company’s stock worth $21,380,000 after purchasing an additional 366,202 shares during the period. Institutional investors own 93.46% of the company’s stock.

Perdoceo Education Trading Up 1.2 %

NASDAQ PRDO traded up $0.25 during trading hours on Friday, hitting $21.55. The company’s stock had a trading volume of 54,038 shares, compared to its average volume of 513,283. Perdoceo Education Co. has a 52 week low of $12.01 and a 52 week high of $24.66. The company has a market capitalization of $1.41 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 0.64 and a beta of 1.02. The company’s 50-day simple moving average is $22.04 and its two-hundred day simple moving average is $19.15.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. The company had revenue of $168.30 million for the quarter, compared to analysts’ expectations of $163.30 million. Perdoceo Education had a net margin of 22.35% and a return on equity of 17.09%. Perdoceo Education’s revenue was down 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 EPS. Research analysts anticipate that Perdoceo Education Co. will post 2.21 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.04%. Perdoceo Education’s dividend payout ratio is currently 19.38%.

Insider Transactions at Perdoceo Education

In other Perdoceo Education news, CFO Ashish R. Ghia sold 11,412 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $19.00, for a total transaction of $216,828.00. Following the completion of the transaction, the chief financial officer now owns 226,234 shares of the company’s stock, valued at $4,298,446. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.81% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barrington Research boosted their price target on Perdoceo Education from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. StockNews.com downgraded Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 25th.

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.