Perdoceo Education Co. (NASDAQ:PRDO) Shares Sold by Putnam Investments LLC

Putnam Investments LLC lessened its position in Perdoceo Education Co. (NASDAQ:PRDO – Get Rating) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,104 shares of the company’s stock after selling 1,687 shares during the period. Putnam Investments LLC’s holdings in Perdoceo Education were worth $949,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PRDO. Polaris Capital Management LLC increased its holdings in shares of Perdoceo Education by 221.2% in the 2nd quarter. Polaris Capital Management LLC now owns 2,489,694 shares of the company’s stock worth $56,217,000 after acquiring an additional 1,714,494 shares during the period. Dimensional Fund Advisors LP increased its stake in Perdoceo Education by 10.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,332,379 shares of the company’s stock valued at $44,624,000 after buying an additional 409,013 shares during the period. Millennium Management LLC increased its stake in Perdoceo Education by 229.4% during the 2nd quarter. Millennium Management LLC now owns 514,584 shares of the company’s stock valued at $6,062,000 after buying an additional 358,361 shares during the period. Renaissance Technologies LLC increased its stake in Perdoceo Education by 6.8% during the 2nd quarter. Renaissance Technologies LLC now owns 4,965,587 shares of the company’s stock valued at $58,495,000 after buying an additional 315,918 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in Perdoceo Education by 105.3% during the 3rd quarter. Nuveen Asset Management LLC now owns 528,397 shares of the company’s stock valued at $5,443,000 after buying an additional 271,060 shares during the period. Institutional investors and hedge funds own 91.01% of the company’s stock.

Insider Transactions at Perdoceo Education

In other Perdoceo Education news, Director Leslie T. Thornton sold 16,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $13.76, for a total value of $220,160.00. Following the completion of the transaction, the director now directly owns 40,484 shares in the company, valued at $557,059.84. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Perdoceo Education news, SVP John Robert Kline sold 10,000 shares of the firm’s stock in a transaction dated 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 directly owns 151,998 shares in the company, valued at $2,243,490.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Leslie T. Thornton sold 16,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $13.76, for a total transaction of $220,160.00. Following the completion of the transaction, the director now owns 40,484 shares of the company’s stock, valued at $557,059.84. The disclosure for this sale can be found here. Insiders have sold 42,000 shares of company stock valued at $584,240 in the last quarter. Insiders own 2.89% of the company’s stock.

Analysts Set New Price Targets

PRDO has been the topic of several research analyst reports. Barrington Research raised their target price on shares of Perdoceo Education from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. TheStreet raised shares of Perdoceo Education from a “c+” rating to a “b-” rating in a research note on Tuesday, November 22nd.

Perdoceo Education Price Performance

Shares of PRDO opened at $13.13 on Tuesday. The firm’s 50 day moving average is $14.26 and its 200-day moving average is $12.97. The stock has a market capitalization of $882.07 million, a P/E ratio of 9.51, a P/E/G ratio of 0.51 and a beta of 1.21. Perdoceo Education Co. has a 12-month low of $9.75 and a 12-month high of $15.65.

Perdoceo Education (NASDAQ:PRDO – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.03. The company had revenue of $176.15 million for the quarter, compared to analysts’ expectations of $164.75 million. Perdoceo Education had a net margin of 13.79% and a return on equity of 16.04%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. As a group, equities research analysts forecast that Perdoceo Education Co. will post 1.74 EPS for the current fiscal year.

Perdoceo Education 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.