Allspring Global Investments Holdings LLC Decreases Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Allspring Global Investments Holdings LLC trimmed its position in shares of Perdoceo Education Co. (NASDAQ:PRDO – Get Rating) by 8.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,491 shares of the company’s stock after selling 2,855 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Perdoceo Education were worth $324,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in Perdoceo Education by 5.5% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 19,220 shares of the company’s stock valued at $226,000 after purchasing an additional 996 shares during the last quarter. Citigroup Inc. grew its holdings in Perdoceo Education by 2.0% during the 1st quarter. Citigroup Inc. now owns 68,899 shares of the company’s stock valued at $791,000 after purchasing an additional 1,331 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in Perdoceo Education by 14.4% during the 2nd quarter. Mutual of America Capital Management LLC now owns 11,552 shares of the company’s stock valued at $136,000 after purchasing an additional 1,450 shares during the last quarter. Captrust Financial Advisors grew its holdings in Perdoceo Education by 63.7% during the 1st quarter. Captrust Financial Advisors now owns 4,248 shares of the company’s stock valued at $49,000 after purchasing an additional 1,653 shares during the last quarter. Finally, Ronald Blue Trust Inc. grew its holdings in Perdoceo Education by 169.2% during the 3rd quarter. Ronald Blue Trust Inc. now owns 2,991 shares of the company’s stock valued at $35,000 after purchasing an additional 1,880 shares during the last quarter. 91.01% of the stock is currently owned by institutional investors.

Perdoceo Education Stock Up 1.3 %

Shares of NASDAQ PRDO opened at $14.65 on Wednesday. The company’s 50-day simple moving average is $14.21 and its 200-day simple moving average is $12.63. The firm has a market cap of $984.04 million, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 0.67 and a beta of 1.16. Perdoceo Education Co. has a 52-week low of $9.65 and a 52-week high of $15.10.

Perdoceo Education (NASDAQ:PRDO – Get Rating) last issued its earnings results on Monday, November 7th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.10. The company had revenue of $168.42 million for the quarter, compared to the consensus estimate of $159.21 million. Perdoceo Education had a net margin of 15.37% and a return on equity of 17.44%. Equities research analysts anticipate that Perdoceo Education Co. will post 1.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP John Robert Kline sold 10,000 shares of the company’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $14.76, for a total value of $147,600.00. Following the completion of the transaction, the senior vice president now owns 151,998 shares in the company, valued at approximately $2,243,490.48. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.89% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. TheStreet upgraded shares of Perdoceo Education from a “c+” rating to a “b-” rating in a research note on Tuesday, November 22nd. StockNews.com started coverage on shares of Perdoceo Education in a research report on Wednesday, October 12th. They set a “strong-buy” rating for the company.

Perdoceo Education Company Profile

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Perdoceo Education Corp. engages in the provision of educational services. It operates through the following segments: Colorado Technical University (CTU) and American InterContinental University (AIU). The CTU segment offers academic programs in the disciplines of business studies, nursing, computer science, engineering, information systems and technology, cybersecurity and healthcare management.