Dimensional Fund Advisors LP has recently announced that it has increased stake in Perdoceo Education Corporation (NASDAQ:PRDO) by 10.43%. After grabbing 4.33 million shares, the institutional investor is now in possession of 0.41 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 6.45% having worth around $62.17 million. Moreover, Geode Capital Management LLC increased its share by 33709.0 to have a control over 1.42 million shares.
Perdoceo Education Corporation (PRDO) concluded trading on 01/12/23 at a closing price of $15.00, with 0.83 million shares of worth about $12.45 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.84% during that period and on Thursday the price saw a gain of about 2.32%. Currently the company’s common shares owned by public are about 67.51M shares, out of which, 66.10M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the PRDO stock and their offered price forecasts bring an average price target of $16.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $16.00 and could fall to a lowest price of $16.00. The stock’s current price level is 6.25% above of average price target set by the analysts, while a rise to estimated low would result in gain of 6.25% for the stock. However, touching the estimated high of $16.00 would mean a gain of 6.25% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 120 times over the past 12 months. They bought 663,449 shares in 30 of the transactions. In 90 selling transactions, insiders dumped 567,738 shares.
iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Perdoceo Education Corporation iShares Core S&P Small Cap ETF is currently holding 5.08 million shares of worth totaling $72.84 million. The company recently came buying 1928.0 shares which brought its stake up to 7.56% of the company’s outstanding shares. iShares Russell 2000 ETF, after buying 1.55 million shares, have now control over 2.31% of the stake in the company. It holds 3156.0 shares of worth $22.24 million.
Perdoceo Education Corporation (NASDAQ: PRDO) started trading at $14.72, above $0.06 from concluding price of the previous day. However, the stock later moved at a day high price of 15.10, or with a gain of 2.32%. Stock saw a price change of 5.86% in past 5 days and over the past one month there was a price change of 9.89%. Year-to-date (YTD), PRDO shares are showing a performance of 7.91% which increased to 20.10% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.65 but also hit the highest price of $14.82 during that period. The average intraday trading volume for Perdoceo Education Corporation shares is 483.65K. The stock is currently trading 6.17% above its 20-day simple moving average (SMA20), while that difference is up 8.64% for SMA50 and it goes to 25.31% higher than SMA200.
Dimensional Fund Advisors LP acquired 4.33 million shares of Perdoceo Education Corporation having value of about $62.17 million. Data submitted at the U.S SEC by Dimensional Fund Advisors LP revealed that the firm now holds 0.41 million shares in the company valued at close to $6135195.0, or have control over 10.43% stake in the company. Perdoceo Education Corporation (NASDAQ: PRDO) currently have 67.51M outstanding shares and institutions hold larger chunk of about 95.30% of that. Holding of mutual funds in the company is about 40.46% while other institutional holders and individual stake holders have control over 53.46% and 3.45% of the stake respectively.
The stock has a current market capitalization of $986.70M and its 3Y-monthly beta is at 1.17. PE ratio of stock for trailing 12 months is 9.95, while it has posted earnings per share of $1.51 in the same period. Its PEG reads 0.66 and has Quick Ratio of 4.10 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PRDO, volatility over the week remained 2.73% while standing at 2.89% over the month.
Analysts are in expectations that Perdoceo Education Corporation (PRDO) stock would likely to be making an EPS of $0.29 in the current quarter, while forecast for next quarter EPS is $0.24 and it is $1.37 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.29 which is $0.29 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.45 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -11.30% while it is estimated to decrease by -10.69% in next year. EPS is likely to shrink at an annualized rate of 15.00% for next 5-years, compared to annual growth of 55.70% made by the stock over the past 5-years.
Analysts at 1 brokerage firms have issued recommendations for the Perdoceo Education Corporation (PRDO)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
