Assetmark Inc. Grows Stock Position in Perdoceo Education Co. (NASDAQ:PRDO)

Assetmark Inc. boosted its holdings in Perdoceo Education Co. (NASDAQ:PRDO) by 8.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 97,626 shares of the company’s stock after buying an additional 7,328 shares during the period. Assetmark Inc. owned 0.15% of Perdoceo Education worth $2,171,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PRDO. Vanguard Group Inc. boosted its position in shares of Perdoceo Education by 0.8% in the first quarter. Vanguard Group Inc. now owns 5,896,257 shares of the company’s stock worth $103,538,000 after acquiring an additional 45,259 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of Perdoceo Education in the 2nd quarter valued at $2,570,000. SG Americas Securities LLC purchased a new stake in shares of Perdoceo Education during the 2nd quarter valued at $954,000. Boston Partners increased its holdings in shares of Perdoceo Education by 979.2% during the 1st quarter. Boston Partners now owns 750,979 shares of the company’s stock worth $13,376,000 after buying an additional 681,391 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Perdoceo Education by 69.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 150,557 shares of the company’s stock worth $2,644,000 after buying an additional 61,734 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research boosted their price target on Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday.

Perdoceo Education Stock Performance

PRDO opened at $27.96 on Thursday. The company has a market cap of $1.84 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 0.76 and a beta of 1.04. Perdoceo Education Co. has a 1 year low of $16.12 and a 1 year high of $29.47. The firm has a 50 day moving average price of $21.95 and a 200 day moving average price of $22.29.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Tuesday, November 12th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.88%. The business had revenue of $169.83 million for the quarter, compared to the consensus estimate of $164.60 million. During the same quarter last year, the firm posted $0.64 EPS. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, sell-side analysts predict that Perdoceo Education Co. will post 2.19 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Michele A. Peppers sold 6,476 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total value of $135,996.00. Following the completion of the sale, the insider now owns 61,952 shares in the company, valued at approximately $1,300,992. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.81% of the stock is currently owned by insiders.

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.