Clark Estates Inc. NY Sells 17,314 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Clark Estates Inc. NY lessened its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 142,886 shares of the company’s stock after selling 17,314 shares during the quarter. Perdoceo Education makes up 0.7% of Clark Estates Inc. NY’s holdings, making the stock its 22nd biggest holding. Clark Estates Inc. NY owned approximately 0.22% of Perdoceo Education worth $3,782,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in Perdoceo Education by 1.9% during the third quarter. Geode Capital Management LLC now owns 1,803,391 shares of the company’s stock worth $40,114,000 after purchasing an additional 33,092 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Perdoceo Education by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 950,573 shares of the company’s stock valued at $25,162,000 after acquiring an additional 5,748 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Perdoceo Education by 3.0% in the third quarter. JPMorgan Chase & Co. now owns 582,180 shares of the company’s stock valued at $12,948,000 after buying an additional 16,720 shares during the period. Empowered Funds LLC increased its holdings in Perdoceo Education by 1.2% during the 3rd quarter. Empowered Funds LLC now owns 485,552 shares of the company’s stock worth $10,799,000 after acquiring an additional 5,571 shares during the period. Finally, Wellington Management Group LLP bought a new stake in shares of Perdoceo Education during the 3rd quarter valued at about $9,374,000. 93.46% of the stock is currently owned by institutional investors.

Perdoceo Education Stock Performance

PRDO opened at $25.80 on Wednesday. Perdoceo Education Co. has a fifty-two week low of $16.56 and a fifty-two week high of $29.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. The company has a fifty day moving average of $27.22 and a 200 day moving average of $24.94. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 0.75 and a beta of 1.07.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $176.43 million during the quarter, compared to analyst estimates of $160.12 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. As a group, sell-side analysts forecast that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 2.02%. Perdoceo Education’s payout ratio is currently 23.64%.

Insiders Place Their Bets

In other news, CEO Todd S. Nelson sold 12,472 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total value of $327,888.88. Following the completion of the transaction, the chief executive officer now owns 615,697 shares of the company’s stock, valued at approximately $16,186,674.13. This trade represents a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John Robert Kline sold 12,148 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $25.79, for a total transaction of $313,296.92. Following the sale, the senior vice president now owns 130,405 shares of the company’s stock, valued at $3,363,144.95. This trade represents 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 insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barrington Research lifted their target price on shares of Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. StockNews.com raised 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.