Clark Estates Inc. NY Has $3.56 Million Stock Position in Perdoceo Education Co. (NASDAQ:PRDO)

Clark Estates Inc. NY lowered its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 7.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,200 shares of the company’s stock after selling 12,900 shares during the quarter. Clark Estates Inc. NY owned about 0.24% of Perdoceo Education worth $3,563,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PRDO. Vanguard Group Inc. increased its holdings in shares of Perdoceo Education by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 5,896,257 shares of the company’s stock worth $103,538,000 after purchasing an additional 45,259 shares during the period. CANADA LIFE ASSURANCE Co grew its position in Perdoceo Education by 2.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 117,546 shares of the company’s stock worth $2,063,000 after buying an additional 2,832 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Perdoceo Education by 13.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 18,680 shares of the company’s stock valued at $329,000 after acquiring an additional 2,189 shares during the period. Boston Partners raised its holdings in Perdoceo Education by 979.2% in the 1st quarter. Boston Partners now owns 750,979 shares of the company’s stock valued at $13,376,000 after acquiring an additional 681,391 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in Perdoceo Education in the 2nd quarter valued at approximately $2,570,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PRDO shares. Barrington Research lifted their price objective on Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. StockNews.com downgraded shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 22nd.

Perdoceo Education Stock Down 1.2 %

NASDAQ PRDO opened at $27.38 on Wednesday. Perdoceo Education Co. has a twelve month low of $16.12 and a twelve month high of $29.47. The stock has a market cap of $1.80 billion, a P/E ratio of 13.76, a PEG ratio of 0.81 and a beta of 1.04. The company’s 50-day simple moving average is $23.01 and its 200 day simple moving average is $22.62.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The company had revenue of $169.83 million for the quarter, compared to the consensus estimate of $164.60 million. During the same period in the previous year, the business earned $0.64 earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis. Research analysts anticipate that Perdoceo Education Co. will post 2.27 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Monday, December 2nd. Perdoceo Education’s dividend payout ratio (DPR) is 26.13%.

Insiders Place Their Bets

In other Perdoceo Education news, insider Michele A. Peppers sold 6,476 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total value of $135,996.00. Following the transaction, the insider now owns 61,952 shares of the company’s stock, valued at approximately $1,300,992. The trade was a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John Robert Kline sold 30,574 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $26.47, for a total value 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. The trade was a 18.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,450 shares of company stock worth $1,036,206 over the last three months. 1.81% of the stock is currently owned by corporate 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.