Koss Olinger Consulting LLC Has $775,000 Stake in Perdoceo Education Co. (NASDAQ:PRDO)

Koss Olinger Consulting LLC boosted its stake in Perdoceo Education Co. (NASDAQ:PRDO) by 8.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 29,287 shares of the company’s stock after buying an additional 2,216 shares during the period. Koss Olinger Consulting LLC’s holdings in Perdoceo Education were worth $775,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in Perdoceo Education by 227.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock valued at $34,000 after buying an additional 913 shares in the last quarter. R Squared Ltd acquired a new stake in Perdoceo Education in the 4th quarter valued at $60,000. KBC Group NV boosted its stake in Perdoceo Education by 47.5% in the 4th quarter. KBC Group NV now owns 3,696 shares of the company’s stock valued at $98,000 after buying an additional 1,190 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Perdoceo Education by 53.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company’s stock valued at $103,000 after buying an additional 1,355 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in Perdoceo Education in the 3rd quarter valued at $114,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Perdoceo Education Trading Down 2.5 %

Shares of PRDO opened at $24.28 on Wednesday. The stock has a fifty day moving average price of $26.94 and a two-hundred day moving average price of $25.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. Perdoceo Education Co. has a 52-week low of $16.56 and a 52-week high of $29.84. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 0.75 and a beta of 1.04.

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

Perdoceo Education Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.14%. Perdoceo Education’s payout ratio is currently 23.64%.

Insider Transactions at Perdoceo Education

In other news, CEO Todd S. Nelson sold 12,472 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $26.29, for a total transaction of $327,888.88. Following the completion of the sale, the chief executive officer now owns 615,697 shares in the company, valued at $16,186,674.13. The trade was a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP John Robert Kline sold 12,148 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $25.79, for a total value of $313,296.92. Following the sale, the senior vice president now owns 130,405 shares of the company’s stock, valued at approximately $3,363,144.95. The trade was a 8.52 % decrease in their position. The disclosure for this sale can be found here. 1.81% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on PRDO shares. Barrington Research lifted their price objective on Perdoceo Education from $32.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 11th.

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.