State of Wyoming Decreases Stock Position in Perdoceo Education Co. (NASDAQ:PRDO)

State of Wyoming reduced its position in Perdoceo Education Co. (NASDAQ:PRDO) by 33.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 9,154 shares of the company’s stock after selling 4,615 shares during the period. State of Wyoming’s holdings in Perdoceo Education were worth $242,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Atria Investments Inc raised its holdings in Perdoceo Education by 3.6% in the 4th quarter. Atria Investments Inc now owns 10,886 shares of the company’s stock worth $288,000 after acquiring an additional 375 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Perdoceo Education by 1.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,043 shares of the company’s stock worth $1,457,000 after acquiring an additional 683 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Perdoceo Education by 227.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock worth $34,000 after acquiring an additional 913 shares during the last quarter. Swiss National Bank raised its holdings in Perdoceo Education by 0.8% in the 4th 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 during the last quarter. Finally, KBC Group NV raised its holdings in Perdoceo Education by 47.5% in the 4th quarter. KBC Group NV now owns 3,696 shares of the company’s stock worth $98,000 after acquiring an additional 1,190 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Perdoceo Education news, insider Michele A. Peppers sold 4,038 shares of Perdoceo Education stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $32.00, for a total value of $129,216.00. Following the completion of the sale, the insider now owns 45,876 shares of the company’s stock, valued at approximately $1,468,032. The trade was a 8.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ashish R. Ghia sold 35,677 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $25.83, for a total transaction of $921,536.91. Following the sale, the chief financial officer now directly owns 204,477 shares of the company’s stock, valued at approximately $5,281,640.91. The trade was a 14.86% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,820 shares of company stock valued at $3,296,615. Company insiders own 2.11% of the company’s stock.

Perdoceo Education Trading Up 1.0%

NASDAQ:PRDO opened at $31.03 on Friday. 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 Co. has a 12 month low of $20.23 and a 12 month high of $32.03. The company has a market cap of $2.03 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 0.75 and a beta of 0.79. The company has a 50 day simple moving average of $27.13 and a two-hundred day simple moving average of $26.92.

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

Perdoceo Education Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Sunday, June 1st will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, May 30th. Perdoceo Education’s dividend payout ratio (DPR) is presently 23.01%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a report on Monday, May 5th. Barrington Research boosted their price objective on shares of Perdoceo Education from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd.

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.