Perdoceo Education Co. (NASDAQ:PRDO) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lessened its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 53.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,300 shares of the company’s stock after selling 31,300 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Perdoceo Education were worth $716,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Smartleaf Asset Management LLC boosted 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 period. R Squared Ltd acquired a new position in shares of Perdoceo Education during the fourth quarter worth $60,000. KBC Group NV boosted its stake in shares of Perdoceo Education by 47.5% in the fourth quarter. KBC Group NV now owns 3,696 shares of the company’s stock valued at $98,000 after purchasing an additional 1,190 shares during the period. Parkside Financial Bank & Trust grew its holdings in Perdoceo Education by 53.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company’s stock valued at $103,000 after purchasing an additional 1,355 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in Perdoceo Education during the 3rd quarter worth $114,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Perdoceo Education Trading Up 1.3 %

NASDAQ PRDO opened at $24.91 on Tuesday. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 0.75 and a beta of 1.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45. Perdoceo Education Co. has a 12 month low of $16.56 and a 12 month high of $29.84. The company’s fifty day moving average price is $26.97 and its two-hundred day moving average price is $25.09.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $176.43 million for the quarter, compared to analysts’ expectations of $160.12 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. As a group, research analysts predict that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Friday, February 28th. Perdoceo Education’s dividend payout ratio is currently 23.64%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PRDO. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Barrington Research raised their price objective on Perdoceo Education from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th.

Insider Buying and Selling

In other Perdoceo Education news, CEO Todd S. Nelson sold 12,472 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total transaction of $327,888.88. Following the sale, the chief executive officer now directly owns 615,697 shares of the company’s stock, valued at approximately $16,186,674.13. This represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Robert Kline sold 12,148 shares of Perdoceo Education stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $25.79, for a total transaction of $313,296.92. Following the completion of the transaction, the senior vice president now directly owns 130,405 shares of the company’s stock, valued at $3,363,144.95. This trade represents a 8.52 % 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 company 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.