BlackRock Amends PERDOCEO EDUCATION Stake, Updates 13G/A Filing

Ticker: PRDO · Form: SC 13G/A · Filed: 2024-01-22T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**BlackRock updated its PERDOCEO EDUCATION stake, signaling its continued passive investment.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating its ownership of PERDOCEO EDUCATION Corp's common stock as of December 31, 2023. This filing, an amendment number 2, updates their previous disclosure regarding their passive investment in the educational services company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.

Why It Matters

This filing shows BlackRock's updated position in PERDOCEO EDUCATION Corp, providing transparency into a significant institutional investor's holdings and potential market sentiment.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a passive institutional investor and does not indicate any immediate significant risk or opportunity.

Analyst Insight

An investor should note that BlackRock's continued filing of a 13G/A suggests a passive investment strategy in PERDOCEO EDUCATION Corp, meaning they are not seeking to influence management. This is a routine update and doesn't necessarily signal a major shift in the company's outlook, but it confirms a large institutional holder's ongoing position.

Key Players & Entities

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 2)'.

Who is the reporting person in this filing?

The reporting person is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.

What is the subject company whose securities are being reported?

The subject company is PERDOCEO EDUCATION Corp, as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PERDOCEO EDUCATION Corp'.

What was the date of the event that required this filing?

The date of the event which required this filing was December 31, 2023, as specified by 'December 31, 2023 (Date of Event Which Requires Filing of this Statement)'.

Under which rule was this Schedule 13G/A filed?

This Schedule 13G/A was filed under Rule 13d-1(b), as indicated by '[X] Rule 13d-1(b)'.

From the Filing

EDGAR Filing Documents for 0001086364-24-000761 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-000761 Filing Date 2024-01-22 Accepted 2024-01-22 14:03:07 Documents 1 Document Format Files Seq Description Document Type Size 1 us71363p1066_012224.txt SC 13G/A 11632 Complete submission text file 0001086364-24-000761.txt 13517 Mailing Address 1750 E. GOLF ROAD SCHAUMBURG IL 60173 Business Address 1750 E. GOLF ROAD SCHAUMBURG IL 60173 847-781-3600 PERDOCEO EDUCATION Corp (Subject) CIK : 0001046568 (see all company filings) EIN. : 363932190 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-53623 | Film No.: 24548130 SIC : 8200 Services-Educational Services (CF Office: 07 Trade & Services) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)

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