DGS Capital Management LLC Increases Stock Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

DGS Capital Management LLC lifted its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 36,911 shares of the company’s stock after acquiring an additional 682 shares during the period. DGS Capital Management LLC’s holdings in Perdoceo Education were worth $648,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Advisor Group Holdings Inc. grew its position in shares of Perdoceo Education by 642.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 25,794 shares of the company’s stock worth $358,000 after acquiring an additional 22,322 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Perdoceo Education by 12.4% during the 1st quarter. JPMorgan Chase & Co. now owns 885,128 shares of the company’s stock worth $10,160,000 after acquiring an additional 97,699 shares during the period. Citigroup Inc. raised its stake in shares of Perdoceo Education by 2.0% in the 1st quarter. Citigroup Inc. now owns 68,899 shares of the company’s stock worth $791,000 after buying an additional 1,331 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of Perdoceo Education by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 38,316 shares of the company’s stock worth $440,000 after buying an additional 13,662 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Perdoceo Education by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 60,438 shares of the company’s stock worth $694,000 after buying an additional 7,452 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Perdoceo Education Stock Performance

NASDAQ:PRDO traded down $0.01 during trading hours on Tuesday, hitting $16.84. 94,642 shares of the company’s stock traded hands, compared to its average volume of 483,387. The firm has a market cap of $1.11 billion, a P/E ratio of 7.73, a P/E/G ratio of 0.54 and a beta of 0.96. Perdoceo Education Co. has a twelve month low of $11.50 and a twelve month high of $19.62. The stock’s fifty day moving average price is $17.56 and its two-hundred day moving average price is $17.62.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Wednesday, February 21st. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Perdoceo Education had a return on equity of 17.63% and a net margin of 20.80%. The firm had revenue of $147.30 million for the quarter, compared to the consensus estimate of $146.20 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. On average, equities research analysts predict that Perdoceo Education Co. will post 2.12 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.11 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.44 annualized dividend and a dividend yield of 2.61%. Perdoceo Education’s dividend payout ratio (DPR) is presently 20.18%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PRDO. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 19th. Barrington Research reissued an “outperform” rating and set a $23.00 price target on shares of Perdoceo Education in a research report on Monday.

Insider Transactions at Perdoceo Education

In other news, CEO Todd S. Nelson sold 16,000 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $18.50, for a total transaction of $296,000.00. Following the completion of the sale, the chief executive officer now owns 685,098 shares in the company, valued at approximately $12,674,313. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Todd S. Nelson sold 9,500 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $18.50, for a total transaction of $175,750.00. Following the completion of the transaction, the chief executive officer now owns 685,098 shares of the company’s stock, valued at approximately $12,674,313. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Todd S. Nelson sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $18.50, for a total value of $296,000.00. Following the completion of the transaction, the chief executive officer now directly owns 685,098 shares of the company’s stock, valued at approximately $12,674,313. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,500 shares of company stock worth $2,189,350. 2.73% of the stock is 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.