Bfsg LLC Has $98,000 Stock Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Bfsg LLC lessened its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 14.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,575 shares of the company’s stock after selling 800 shares during the quarter. Bfsg LLC’s holdings in Perdoceo Education were worth $98,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PRDO. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Perdoceo Education by 179.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,951 shares of the company’s stock worth $491,000 after acquiring an additional 17,960 shares during the period. New York State Common Retirement Fund increased its position in Perdoceo Education by 20.3% during the fourth quarter. New York State Common Retirement Fund now owns 139,669 shares of the company’s stock worth $2,453,000 after acquiring an additional 23,609 shares during the period. Russell Investments Group Ltd. increased its position in Perdoceo Education by 21.9% during the fourth quarter. Russell Investments Group Ltd. now owns 56,709 shares of the company’s stock worth $996,000 after acquiring an additional 10,193 shares during the period. Summit Global Investments bought a new position in Perdoceo Education during the fourth quarter worth about $697,000. Finally, LSV Asset Management increased its holdings in Perdoceo Education by 117.7% in the 4th quarter. LSV Asset Management now owns 1,213,839 shares of the company’s stock valued at $21,315,000 after buying an additional 656,280 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Ratings Changes

Separately, Barrington Research reissued an “outperform” rating and issued a $30.00 target price on shares of Perdoceo Education in a report on Wednesday, August 21st.

Perdoceo Education Stock Performance

Shares of PRDO traded down $0.14 during mid-day trading on Friday, reaching $22.22. The company had a trading volume of 71,026 shares, compared to its average volume of 481,258. The company’s 50 day simple moving average is $22.57 and its 200 day simple moving average is $20.61. Perdoceo Education Co. has a 1-year low of $15.94 and a 1-year high of $26.40. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 9.91, a P/E/G ratio of 0.74 and a beta of 1.02.

Perdoceo Education (NASDAQ:PRDO) last posted its earnings results on Wednesday, July 31st. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. Perdoceo Education had a net margin of 20.57% and a return on equity of 16.42%. The business had revenue of $166.74 million for the quarter, compared to the consensus estimate of $160.91 million. During the same period last year, the company earned $0.61 EPS. The firm’s revenue was down 10.6% compared to the same quarter last year. As a group, equities analysts forecast that Perdoceo Education Co. will post 2.21 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Sunday, September 1st will be given a $0.13 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.34%. This is an increase from Perdoceo Education’s previous quarterly dividend of $0.11. Perdoceo Education’s payout ratio is 22.91%.

Insider Transactions at Perdoceo Education

In other news, Chairman Gregory L. Jackson sold 26,664 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $22.70, for a total value of $605,272.80. Following the transaction, the chairman now owns 58,644 shares in the company, valued at approximately $1,331,218.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director William Dean Hansen sold 13,185 shares of Perdoceo Education stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $23.01, for a total value of $303,386.85. Following the completion of the sale, the director now owns 39,016 shares in the company, valued at approximately $897,758.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Gregory L. Jackson sold 26,664 shares of Perdoceo Education stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $22.70, for a total transaction of $605,272.80. Following the completion of the sale, the chairman now owns 58,644 shares of the company’s stock, valued at approximately $1,331,218.80. The disclosure for this sale can be found here. Corporate insiders own 1.81% of the company’s stock.

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.